Mr and Mrs

question 134

Multiple Choice

Mr. and Mrs. Jones live in a neighbourhood where the mean family income is $45,000 with a standard deviation of $9,000. Mr. and Mrs. Smith live in a neighbourhood where the mean is $100,000 and the standard deviation is $30,000. What are the relative dispersions of the family incomes in the two neighbourhoods?

• A) Jones 40%, Smith 20%
• B) Jones 20%, Smith 30%
• C) Jones 30%, Smith 20%
• D) Jones 50%, Smith 33%

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Definitions:

Consumer Debt

Money owed by consumers as a result of purchasing goods or services that are consumable and do not appreciate over time.

Employer

An individual or entity that hires and pays wages to employees for their labor.

Unfair Business Practices

Actions undertaken by businesses that are deceptive, misleading, or unethical, often to gain an advantage over consumers or competitors.

Penalties

Fines or other forms of punishment imposed on individuals or organizations for breaking laws or regulations.