If there’s is an increase in price at which a product is sold what is most likely going to occur

Mathematics

1 answer:

Likurg_2 [28]3 years ago

3 0

A increase in price increases the quantity of a item .

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p percent of the observations are less than the value and (100 - p) percent are more than this value.

Step-by-step explanation:

Given : The pth percentile is a value such that approximately

Solution :

Definition : A percentile is a measure used in statistics indicating the value below which a given percentage of observations in a group of observations falls

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So, (100-p) percentage of observations in a group of observations falls above the value

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