Examlex
"If the price of wine increases, the quantity purchased will increase." Is this a positive or a normative economic statement? Explain your answer.
Range
The positive difference between the highest and lowest score in a distribution. It is a gross measure of variability. Exclusive range is the highest score minus the lowest score. Inclusive range is the highest score minus the lowest score plus 1.
Scores
Numerical values assigned to individual items or responses, representing the magnitude of some measured attribute or characteristic.
Range
The difference between the largest and smallest values in a set of data, representing the spread or dispersion of the data set.
Inclusive Range
The difference between the highest and lowest values in a data set, taking into account both extreme values.
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