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In a hearing test,subjects estimate the loudness (in decibels) of sound,and the results are;68,67,70,71,68,75,68,62,80,73,68 What is the IQR?
Demand Function
A mathematical equation that describes the relationship between the quantity of a good demanded and its price, as well as other factors like income and prices of related goods.
Price Elasticity
The ratio reflecting the responsiveness of the quantity demanded or supplied of a good to changes in its price.
Blueberries
Small, round berries that are blue or purple in color, known for their sweet taste and nutritional benefits.
Price Elasticity
An indicator of the responsiveness of the quantity of a product demanded to its price changes, showcasing how sensitive buyers are to changes in costs.
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