Answer the Question on the Basis of the Following Consumption

question 123

Multiple Choice

Answer the question on the basis of the following consumption schedules.DI signifies disposable income and C represents consumption expenditures.All figures are in billions of dollars. Refer to the given data.The marginal propensity to consume in economy (1) is:

• A) .5.
• B) .3.
• C) .8.
• D) .7.

Understand the concept of a box plot and its components.

Understand the measures of central tendency (median, quartiles) and their roles in data summarization.

Grasp the concept of variability measures such as range, interquartile range, and standard deviation.

Identify how percentiles, deciles, and quintiles relate to data distribution.