A Study at a College in the West Coast Reveals

question 135

Short Answer

A study at a college in the west coast reveals that, historically, 45% of their students are minority students. The expected percentage of minority students in their next batch of freshmen is_____ .

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Definitions:

Initial Endowment

The initial allocation or distribution of resources, goods, or wealth among individuals or entities at the start of an economic experiment or model.

Apples

A type of fruit commonly consumed fresh, cooked, or as juice, recognized for its sweet or tart flavor.

Pareto Optimal Allocation

A condition of resource distribution in which no one person can be made better off without causing detriment to at least another person.

Endowed

In economics, it refers to the initial allocation of income, wealth, or goods to an individual or an entity at the start of an economic analysis or experiment.