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When computing the mean

When computing the mean, the smallest value a. can never be negativeb. can never be zeroc. can never be less than the meand. can be any value The correct answer…

The first quartile

The first quartile a. contains at least one third of the data elementsb. is the same as the 25th percentilec. is the same as the 50th percentiled. is the same…

Normative statements are

Normative statements areA not usually made by economists.B claims about how the world should be.C claims about how variables in the economy normally behave.D pessimistic interpretations of the economy. The…