Describe the Five Utilities Intermediaries Create for Consumers

question 22

Essay

Describe the five utilities intermediaries create for consumers.

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Definitions:

1st Quartile

The value below which 25% of the data points in a dataset fall, indicating the lower quarter of the data.

3rd Quartile

Also known as the upper quartile, it is the value below which 75% of the data in a dataset falls.

Symmetric Distribution

A distribution where the left and right sides of the distribution are mirror images of each other.

Median

The middle value of a dataset, which divides the dataset into two halves when the numbers are arranged in ascending order.