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Which of the following responses to a positive externality enhances society's welfare?
Mean Age
An arithmetic average age of all the individuals in a given group or sample.
Range
The difference between the highest and lowest scores in a set of data, indicating the spread or variability of the dataset.
Distribution
In business, refers to the process of making a product or service available to the consumer or business user who needs it. In statistics, it describes the way in which values in a dataset are spread out.
Standard Deviation
A statistical measure that quantifies the amount of variation or dispersion of a set of data values from the mean.
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