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Exhibit 2-6

question 40

Multiple Choice

Exhibit 2-6.The following data represent the recent sales price (in $1,000s) of 24 homes in a Midwestern city. $Exhibit 2-6.The following data represent the recent sales price (in $1,000s) of 24 homes in a Midwestern city. Refer to Exhibit 2-6.Suppose the data is grouped into five classes,and one of them will be 115 up to 140 - that is,{x;115 ≤ x < 140}.The relative frequency of this class is _____. A) 6/24 B) 7/24 C) 6 D) 7$ Refer to Exhibit 2-6.Suppose the data is grouped into five classes,and one of them will be "115 up to 140"- that is,{x;115 ≤ x < 140}.The relative frequency of this class is _____.

Definitions:

Units

Quantities measured according to specific standards for purposes of counting, comparison, or calculation.

Marginal Utility

Marginal Utility is the change in satisfaction or utility that a consumer receives from consuming one additional unit of a good or service.

Fifth Serving

A term that does not have a widely recognized definition within a general context, possibly referencing an additional or excess portion in specific contexts. NO.

Units

The basic measure or quantity of a product or service that is counted or traded in the market.