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Commodity Market: Definition, Types, Example, and How It Works
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To help travelers know what to expect, researchers collected the prices of commodities in 16 cities through out the world. Here are box plots comparing the prices of a ride on public transportation, a newspaper, and a cup of coffee in the 16 cities (prices are all in SUS). (FIGURE CAN'T COPY) a) On average, which commodity is the most expensive? b) Is a newspaper always more expensive than a ride on public transportation? Explain. c) Does the presence of outliers affect your conclusions in a) or
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