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In our society there are groups which tend to be towards the top and those that are towards the bottom. Here we have a scale that runs from top to bottom. Where would you put yourself on this scale? (var: RANK)
Response
Number of responses
1. Top
131
2.
88
3.
292
4.
338
5.
817
6.
246
7.
199
8.
83
9.
25
10. Bottom
41
1. What is the level of measurement for Variable 5?
Group of answer choices
Interval
Ratio
Ordinal
Nominal
2. What is/are the appropriate measure(s) of central tendency for Variable 5?
Mode
Mean
Median
3. For the measure(s) of central tendency you identified for Variable 5, what is the value of the measure(s)? (Ex: if you selected median, what is the median for the variable?)
4. Provide some sort of interpretation for the numbers presented for Variable 5 based on the measures of central tendency. What statement(s) can you make regarding the phenomenon being described?
Derive the monopolist's optimal price and advertising expenditure. Be sure that your answers should be a function of exogenous parameters (here c).
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How many years do you have to wait until you reach your target account value?
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