If the Lowest Score in a Distribution Is 47 and the Highest

question 40

Multiple Choice

If the lowest score in a distribution is 47 and the highest score is 99 and you used six groups,what is the appropriate interval size?

• A)5
• B)2
• C)10
• D)10.4

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Definitions:

Price

The total money needed for acquiring a good, service, or asset.

Short Run

A period during which at least one of a firm's inputs is fixed, limiting its capacity to adjust to changes in demand.

TC

Total Costs, the sum of all costs incurred in the production of goods or services.

TR

Total Revenue; the total receipts from sales of goods or services provided by a company before any deductions are made.