In a Statistic Class,10 Scores Were Randomly Selected with the Following

question 129

Multiple Choice

In a statistic class,10 scores were randomly selected with the following results were obtained: 74,73,77,77,71,68,65,77,67,66 What are the outer fences?

• A)15.375,30.75
• B)51.375,92.375
• C)35.95,107.75
• D)82.125,92.375
• E)97.50,107.75

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Definitions:

Wealth

An abundance of valuable resources or material possessions, or the control of such assets.

Flood

A flood is an overflow of water that submerges land that is usually dry, often caused by heavy rain, melting snow, or dam failure, leading to potential damage and loss.

Von Neumann-Morgenstern

A theory of expected utility, which provides a method for making decisions based on the expected outcomes of various choices.

Expected Value

A statistical concept that calculates the average outcome when the future includes scenarios that may or may not happen.