The Following Measurements Were Made by a Group of Students

question 9

Multiple Choice

The following measurements were made by a group of students using the same balance and a 25.00 gram weight.

The data would be considered:
I.accurate and precise
II.accurate but not precise
III.precise but not accurate
IV.neither precise nor accurate
V.evidence of a systematic error
VI.evidence of large random errors

• A)I only
• B)II and VI
• C)III and V
• D)IV and VI
• E)IV,V,VI

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Definitions:

Marginal Utility

The supplementary value or usefulness experienced from consuming one more unit of a good or service.

Consumer Surplus

The discrepancy between the amount consumers are prepared to pay for a product or service and the actual price they pay, symbolizing the advantage to consumers.

Marginal Utility

The increased contentment or value derived from the consumption of an extra unit of a good or service.

Total Utility

The aggregate level of satisfaction or fulfillment a consumer receives through the consumption of a specific quantity of goods and services.