Refer to the Information Provided in Figure 6

question 212

Multiple Choice

Refer to the information provided in Figure 6.6 below to answer the question(s) that follow. Figure 6.6
-Refer to Figure 6.6. Bill's budget constraint was originally AD. If his new budget constraint is EF, then his income

• A) increased.
• B) decreased.
• C) increased and the price of black beans price increased.
• D) increased and the price of bell peppers decreased.

---

Definitions:

Event Occurs

Indicates the happening of a specific condition or outcome within a statistical experiment.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values; a low standard deviation indicates that the values are close to the mean.

Poisson Distribution

A probability distribution that expresses the probability of a given number of events occurring in a fixed interval of time or space.

Expected Value

The calculated average of all possible values in a probability distribution, weighted by their probabilities.