If You Save $80 When You Experience a $400 Rise

question 6

Multiple Choice

If you save $80 when you experience a $400 rise in your income,

• A) your MPS is 0.25.
• B) your MPC is 0.80.
• C) your MPC is 0.85.
• D) your MPS is 0.40.

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Definitions:

Cumulative Percent

A measure that shows the proportion of data points below a certain value, typically used in percentile rankings or distributions.

Frequency Distribution

A summary of how often each different value occurs in a dataset.

11th Grade

The third year of high school in many educational systems, typically characterized by students aged 16-17 years.

Real Upper Limits

In statistics, the value that slightly exceeds the upper boundary of a class interval in a frequency distribution, taking into account the continuity of data.