Refer to the Graphs Shown

question 20

Multiple Choice

Refer to the graphs shown. The consequences of improved technology combined with an increase in the number of consumers can best be illustrated by:

• A)a.
• B)b.
• C)c.
• D)d.

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Definitions:

Occurrences

The instances or times that something happens or arises; the frequency of events.

Expected Value

The anticipated value or mean outcome of a variable, calculated as the sum of all possible values each multiplied by its probability of occurrence.

Sample Information

Data collected from a subset of a larger group or population to infer or analyze characteristics of the whole group.

Cups of Coffee

A unit of measure or a reference to the quantity of coffee consumed or required for a given purpose.