The Paired Data Below Consist of the Height of Children

question 43

Multiple Choice

The paired data below consist of the height of children (in cm) and their reading scores. $$\begin{array} { c | c } \text { Height } ( \mathrm { cm } ) & \text { Reading Scores } \\\hline 117.5 & 62.9 \\128.9 & 67.9 \\122.6 & 64.9 \\131.4 & 71.9 \\132.7 & 72.9 \\136.5 & 75.9 \\120.0 & 64.9 \\139.1 & 76.9\end{array}$$

• A)0.933
• B)0.883
• C)0.988
• D)0.978
• E)0.982

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Definitions:

Midpoint Formula

A mathematical formula used to find the exact middle point between two points on a line segment, commonly used in economics to calculate the elasticity of demand or supply.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating the goods' sensitivity to price changes.

Price Elasticity

An indicator of the responsiveness of the quantity of a good demanded to its price variations, showing how sensitive the buyers are to changes in price.

Price Elasticity

An assessment of the responsiveness of product demand to changes in its pricing.