The purpose of making an inference is so that one is able to elicit a conclusion that depends on facts provided based on reasoning.
<h3>What is an Inference?</h3>
Inferences are helpful because they help to uncover hidden messages in a text or literature. Another way to refer to inference is "to read between the lines"
When a person arrives at a conclusion by adding one or more logical facts together, they are said to have made an inference.
Do note that the text (paragraph) referred to is unavailable hence the general answer.
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From the information provided, A single-price monopolist earns a total profit of $80 when it produces and sells 20 units of its good. See the attached for more information.
<h3>How do we arrive at $80?</h3>
Total profit = revenue - cost
Revenue = price x number of units sold
Revenue at 20 units =
20 x9 = $180
Given that Total cost at 20 units is $100, thus,
Total Profit = 180 - 100
= $80.
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#SPJ1
Hey there! :)
Your answer is mean
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Mean is the average value of the data set.
Mode is the number that appears the most
Range is the difference between the greatest value and the lowest value in a data set.
Finding the mode is pretty useless because you can't do much with the score that you got the most.
Range isn't that helpful because it's the difference between your best and worst score.
Mean is best for summarizing because you have 1 number that's the average of the whole data set.
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Therefore, the answer is mean
Hope this helps :)
