A Math Professor Is Wondering If Students Today Are Better $\text { This year }$

question 37

Essay

A math professor is wondering if students today are better or worse than in the past.He has given the same final to this year's class that he gave ten years ago.Compute mean,median,and mode for both classes and write a paragraph summarizing the differences.
$\text { This year }$
$\begin{array}{|l|l|l|l|l|}\hline 35 \quad\quad\quad& 45 & 65 & 75 & 87 \\\hline 80 & 169 & 71 & 53 & 90 \\\hline 99 & 95 & 70 & 82 & 73 \\\hline 93 & 67 & 61 & 57 & 74 \\\hline 72 & 77 & 71 & 81 & 83\\\hline\\\hline\end{array}$

$\text { Ten years }$
$\text { ago }$
$\begin{array}{|l|l|l|l|l|}\hline 56 \quad\quad\quad& 77 & 75 & 76 & 59 \\\hline 4 & 51 & 89 & 55 & 79 \\\hline 67 & 77 & 69 & 91 & 68 \\\hline 90 & 65 & 79 & 69 & 79 \\ \hline 87 & 86 & 98 & 91 & 95 \\\hline\\\hline\end{array}$

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Definitions:

Long Run

A period in economics in which all factors of production and costs are variable, allowing full adjustment to changes.

Real Wages

Wages adjusted for inflation, representing the purchasing power of income earned through work.

Resource Prices

Resource prices refer to the cost associated with the inputs used in the production of goods and services, including raw materials, labor, and capital.

Expansionary Gap

A situation in macroeconomics where the actual production of goods and services exceeds the economy's potential output, often leading to inflation.