A Researcher Records the Following Scores for an Olympic Gymnast

question 30

Multiple Choice

A researcher records the following scores for an Olympic gymnast following her routine: 9.9,9.8,9.6,9.5,9.7,9.1,8.9,and 9.8.What is the range for the scores?

• A) 1.0 (9.9 to 8.9)
• B) 0.3 (9.8 to 9.5)
• C) 0.5 (9.6 to 9.1)
• D) It is not possible to compute a range with an even number of scores.

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Definitions:

Product Demand Curves

Graphical representations showing the relationship between the price of a product and the quantity of the product demanded.

Normal Profit

The minimum profit necessary for a company to remain competitive in the market; it occurs when total revenue equals total costs.

Normal Profit

The profit level that allows a business to remain competitive in the market, covering its opportunity costs.

Oligopoly Market

A market structure characterized by a small number of firms that dominate the market, leading to competitive yet interdependent market conditions.