Using the Following Data,what Would Be the Range of the Values

question 60

Multiple Choice

Using the following data,what would be the range of the values of the stem in a stem-and-leaf display? $\begin{array}{llllllll}\text { 1. } & 11.5 & 6 . & 13.7 & 11 . & 11.0 & 16 . & 14.5 \\\text { 2. } & 13.5 & 7 . & 14.0 & 12 . & 13.0 & 17 . & 15.5 \\\text { 3. } & 12.5 & 8 . & 12.0 & 13 . & 16.7 & 18 . & 13.0 \\\text { 4. } & 15.2 & 9 . & 12.7 & 14 . & 12.5 & 19 . & 18.2 \\\text { 5. } & 14.7 & 10 . & 12.5 & 15 . & 11.5 & 20 . & 11.7\end{array}$

• A)11-17
• B)11-18
• C)10-18
• D)12-17
• E)12-18

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Definitions:

Price of Good

The amount of money required to purchase a specific good or service.

Substitution Effect

The economic principle that as prices rise or incomes decrease, consumers replace more expensive items with less costly alternatives.

Price Decrease

A reduction in the cost of goods or services, typically resulting from factors such as increased supply, decreased demand, or external market conditions.

Labor Supply Curve

The Labor Supply Curve is a graphical representation showing the relationship between the quantities of labor that workers are willing and able to provide at different wage levels, typically sloping upwards from left to right.