Refer to the Table Shown A) 4
B) 5

question 50

Multiple Choice

Refer to the table shown. If total output is 41, level of employment is: $$\begin{array} { | c | c | } \hline \text { Number of workers } & \text { Mar ginal product of workers } \\\hline 1 & 5 \\\hline 2 & 7 \\\hline 3 & 8 \\\hline 4 & 10 \\\hline 5 & 11 \\\hline 6 & 7 \\\hline 7 & 5 \\\hline 8 & 3 \\\hline 9 & 0 \\\hline 10 & - 1 \\\hline\end{array}$$

• A) 4.
• B) 5.
• C) 6.
• D) 7.

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Definitions:

Population Variance

A measure of the spread of a population’s data points, indicating the average of the squared differences from the mean.

Chi-square Distribution

A statistical distribution used in hypothesis testing that is applicable when testing hypotheses about categorical variables.

Population Variance

A measure of the spread or distribution of a set of data values within an entire population.

Confidence Interval

A selection of values, extracted from sample analyses, believed to encompass the value of an unseen population parameter.