Exhibit 3-2 A Researcher Has Collected the Following Sample Data. the Mean

question 56

Multiple Choice

Exhibit 3-2
A researcher has collected the following sample data. The mean of the sample is 5.
-__________ can be used to determine the percentage of data values that must be within one, two, and three standard deviations of the mean for data having a bell-shaped distribution.

• A)Chebyshev's theorem
• B)empirical rule
• C)five-number summary
• D)box plot

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Definitions:

Nominal GDP

The gross domestic product measured in current prices, without adjusting for inflation.

Intermediate Goods

Products used as inputs in the production of other goods or services, such as raw materials or components, which are not finished goods sold to end consumers.

Deflation

A drop in the overall pricing of goods and services, typically signaling a shrinkage in the money or credit available in the economy.

National Income

The total value of all the goods and services produced by a country’s economy in a specific period, including income from foreign investments.