An Economist Is Interested in Studying the Incomes of Consumers

question 126

Multiple Choice

An economist is interested in studying the incomes of consumers in a particular region. The population standard deviation is known to be $1,000. A random sample of 50 individuals resulted in an average income of $15,000. What total sample size would the economist need to use for a 95% confidence interval if the width of the interval should not be more than $100?

• A) n = 385
• B) n = 1537
• C) n = 40
• D) n = 20

Define and comprehend the concept of learning as a modification of behavior through experience.

Understand the overarching organization of neural pathways and their role in information transfer within the nervous system.

Understand the basic organization of the vertebrate nervous system.

Identify the role of specific regions in the brain in sensory processing and memory.

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Definitions:

Suppliers

Suppliers are individuals or companies that provide goods or services to other entities, often playing a key role in the supply chain.

Excise Tax

A tax levied on the sale of particular goods or services, such as alcohol and tobacco, usually with the intent of reducing their consumption through higher prices.

Excise Tax

A specific tax levied on the sale of a particular good or service, often included in the price of items such as tobacco or alcohol.

Tax Rate

The percentage at which income or property is taxed by a government.