In the Following Set of Data: (1,3,5,6,7,9,100),what Are the First,second,and

question 47

Multiple Choice

In the following set of data: (1,3,5,6,7,9,100) ,what are the first,second,and third quartiles?

• A)1,6,and 100
• B)3,5,and 9
• C)3,6,and 9
• D)1,5,and 100

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Definitions:

Robinson-Patman Act

is a United States federal law that prohibits anticompetitive practices by producers, specifically price discrimination.

Consumer Surplus

The difference between the total amount that consumers are willing and able to pay for a good or service and the total amount they actually do pay.

Producer Surplus

The disparity between what sellers are prepared to accept for a product or service and the amount they actually get.

Antitrust Laws

Legislation enacted by the government to prevent monopolies and to foster competition in the marketplace.