Refer to the Following Price of Jeans Are Recorded to the Nearest

question 56

Multiple Choice

Refer to the following price of jeans are recorded to the nearest dollar: The first two class midpoints are $62.50 and $65.50.
What is the class interval?

• A) $1.00
• B) $2.00
• C) $2.50
• D) $3.00

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Definitions:

Lowest Quintile

The segment of a population that falls within the bottom 20% in terms of income distribution or other statistical measurement.

Gini Ratio

A tool to evaluate income discrepancies within a group, spanning from 0, which means everyone earns the same, to 1, where one person has all the income.

Slovak Republic

A landlocked country in Central Europe, known as Slovakia, with a parliamentary democratic republic government system.

China

A country in East Asia, the world's most populous nation, known for its significant economic growth, manufacturing capacity, and ancient civilization.