Which of the Four Sets of Scores Below Has the Largest

question 24

Multiple Choice

Which of the four sets of scores below has the largest standard deviation? Set A: 2,2,2,4,4,4
Set B: 1,8,55,73,96
Set C: 4.0,4.1,3.9,4.0,4.1
Set D: 588.5,588.4,590.6,592.5,590.0

• A)Set A
• B)Set B
• C)Set C
• D)Set D

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Definitions:

Market Model

A conceptual framework depicting how various economic players interact within a market to determine prices and quantity of traded goods or services.

Pure Monopoly

A market structure where a single supplier has exclusive control over a product or service, with no close substitutes.

Total Market

The complete pool of potential buyers and sellers in a market, including all segments and types of consumers and producers.