A Sample of 50 Breakfast Customers of MacDonald's Showed the Spending

question 95

Multiple Choice

A sample of 50 breakfast customers of MacDonald's showed the spending below.Which statement is least likely to be correct?

• A) The median is very close to the midhinge.
• B) The median purchase is slightly less than $5.
• C) About 75 percent of the customers spend less than $7.
• D) The mean is a reasonable measure of center.

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Definitions:

Monetary Rules

Guidelines used by central banks to manage the supply of money in an economy, aiming to achieve macroeconomic stability.

Active Approach

A strategy that involves frequent decision making and adjustments, often used in context with investing or policy making.

Policy Announcement

A policy announcement is an official statement made by a government or institution detailing specific plans or changes in policy aimed at affecting economic or social outcomes.

Money Expansion

The increase in the total quantity of money in circulation within an economy, often achieved through central banking policies.