Statistically Speaking, Which of the Following People Is Likely to Be

question 114

Multiple Choice

Statistically speaking, which of the following people is likely to be oldest when he or she becomes a grandparent?

• A) Ralph, who is an African American man
• B) Tim, who is a White man
• C) Roberta, who is an African American woman
• D) Lynette, who is a White woman

---

Definitions:

Southwest Airlines

This is an American low-cost carrier known for its unique business model and customer service approach.

Passenger Traffic

The movement of passengers via modes of transportation such as air, sea, or land.

Inelastic Demand

Characterizes a situation where the quantity demanded of a good or service changes very little in response to changes in price.

Price Elasticity of Demand

A measure of the sensitivity of quantity demanded to a change in price, indicating how a product's demand responds to price changes.