A Product Which Is Difficult to Replace Is

question 204

Multiple Choice

A product which is difficult to replace is:

• A)scarce.
• B)non-substitutable.
• C)valuable.
• D)important.

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Definitions:

Interquartile Range

A measure of variability, calculated by subtracting the first quartile from the third quartile, representing the middle 50% of the data.

Box Plot

A graphical representation of data that shows the median, quartiles, and outliers, providing a visual summary of the distribution.

Median

The middle value in a data set when the values are arranged in ascending or descending order.

Negative Correlation

A relationship between two variables where one variable increases as the other decreases.