Suppose you sell Toys at a linear price per toy. You charge $2 per Toy for an order of 3 Toys and $1.50 per Toy for an order of 5 Toys. Find the total revenue TR(q) generated from an order of q Toys. O 2q O -0.25q? + 2.75q о 0.25g — 2.75 о-0.25g + 2.75

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Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.