Suppose That

question 82

Multiple Choice

Suppose that .06 of each of two populations possess a given characteristic.Samples of size 400 are randomly drawn from each population.The probability that the difference between the first sample proportion which possess the given characteristic and the second sample proportion which possess the given characteristic being more than +.03 is _______.

• A)0.4943
• B)0.9943
• C)0.0367
• D)0.5057
• E)0.5700

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Definitions:

Labor-Augmenting Technology

Technological advancements that improve the efficiency of labor, resulting in higher output per worker.

Price of Output

The selling price for goods or services produced by a firm or industry.

Daily Wage

The amount of money that a worker earns for one day of work.

Marginal Product

The supplementary yield obtained from utilizing an additional unit of a specific input, assuming all other inputs remain constant.