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question 28

Multiple Choice

Use the following information to answer the question. A sprint duathlon consists of a 5 km run, a 20 km bike ride, followed by another 5 km run. The mean finish time of all participants in a recent large duathlon was 1.67 hours with a standard deviation of 0.25 hours. Suppose a random sample of 30 participants was taken and the mean finishing time was found to be
1.59 hours with a standard deviation of 0.30 hours.
-Suppose we were to make a histogram of the finishing times of all participants in the duathlon. Would the histogram be a display of the population distribution, the distribution of a sample, or the sampling distribution of means?


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Tying

A form of anti-competitive practice where a seller requires the buyer to purchase another one of their products as a condition of buying the desired product.

Restraint of Trade

Activities or agreements that restrict competition or obstruct free trade in the marketplace.

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Predatory pricing involves setting prices extremely low with the intent to eliminate competition, often considered an anti-competitive practice.

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A scenario in game theory where individuals act out of self-interest leading to a worse outcome than if they had cooperated, despite their best interest to work together.

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