Which of the Following Is a True Statement About the Length

question 232

Multiple Choice

Which of the following is a true statement about the length of recessions and expansions in the United States economy?

• A)After 1950,the length of expansions equaled the length of recessions.
• B)After 1950,the length of expansions were much less than the length of recessions.
• C)After 1950,the length of expansions were much longer than the length of recessions.
• D)After 1950,the length of expansions were brief and almost nonexistent.

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Definitions:

3*IQR

A statistical range calculated as three times the interquartile range (IQR), used to identify outliers by delineating the boundaries beyond which data points are considered exceptional.

Statistically Significant

A determination that the results observed in data are unlikely to have occurred by chance alone, according to a predefined significance level.

Box-and-Whisker Plot

A type of chart that displays the distribution of data based on quartiles, highlighting the median, and extremes.

Whiskers

In a box plot, the lines that extend from the upper and lower quartiles to the maximum and minimum values, respectively, indicating variability outside the upper and lower quartiles.