A Box Plot Is a Graphical Technique Which Is Used

question 149

Multiple Choice

A box plot is a graphical technique which is used for

• A) only one group of data
• B) making comparisons between only two groups
• C) making comparisons between two or more groups
• D) summing the deviations from the mean and placing the sum in a box

---

Definitions:

Total Utility

The total satisfaction or benefit that a consumer derives from consuming a certain quantity of goods or services.

Consumer Surplus

Describes the difference between the total amount that consumers are willing and able to pay for a good or service and the total amount that they actually pay.

Action Figures

Small figures of characters from movies, comics, or video games, often collectible and targeted towards fans and collectors.

Consumer Surplus

is the difference between the maximum price a consumer is willing to pay for a good or service and the actual price they pay.