Which of the Following Is FALSE

question 30

Multiple Choice

Which of the following is FALSE?

• A)The range is a simplistic measure of variation that does not use all scores in the distribution in its calculation.
• B)The average deviation is a more sophisticated measure of variation than the range in which all scores are used,but which may not weight extreme scores adequately.
• C)The standard deviation is the least sophisticated measure of variation and the least frequently used.
• D)all of the options are true

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Definitions:

Quantity Demanded

The specific amount of a product that buyers are willing to purchase at a given price, holding all other factors constant.

Absolute Value

A mathematical function that describes the distance of a number on the number line from zero, disregarding its direction; always a non-negative value.

Midpoint Method

A technique used in economics to calculate the elasticity of demand or supply, minimizing the bias in calculation by taking the average of the initial and final quantities and prices.

Price Elasticity

A measure of how much the quantity demanded of a good changes in response to a change in its price, indicating how sensitive consumers are to price changes.