Refer to the Table Shown A)5
B)35

question 76

Multiple Choice

Refer to the table shown. If seven workers are employed, total output equals:

$\begin{array}{|c|c|}\hline \text { Number of workers } & \text { Marginal product of workers } \\\hline 1 & 5 \\\hline 2 & 7 \\\hline 3 & 8 \\\hline 4 & 10 \\\hline 5 & 11 \\\hline 6 & 7 \\\hline 7 & 5 \\\hline 8 & 3 \\\hline 9 & 0 \\\hline 10 & -1 \\\hline\end{array}$

• A)5.
• B)35.
• C)53.
• D)56.

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Definitions:

Binomial Distributions

A type of probability distribution that describes the number of successes in a fixed number of binary (yes/no) experiments.

Discrete Random Variables

Variables in statistics that can take on a countable number of distinct values and are not continuous.

Simple Random Sample

A subset of individuals chosen from a larger set such that every individual has an equal chance of being selected.

Sample Proportion

The fraction of observations in a sample that belong to a certain category, serving as an estimate of the proportion in the population.