OPEC Is A(n) ________ of Oil-Exporting Countries

question 205

Multiple Choice

OPEC is a(n) ________ of oil-exporting countries.

• A) cartel
• B) group
• C) monopoly
• D) oligopoly

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Definitions:

Standard Deviation

An indicator of the range or spread of a collection of numbers, showing how far the values diverge from the average.

Observations

The collected data or individual points that have been observed or recorded for a particular study or analysis.

Mean

The mean, or average, of a series of numbers is obtained by dividing the sum of the numbers by how many numbers there are.

Smallest Value

The minimum value in a set of data points.