TABLE 2- 5
the Following Are the Durations in Minutes

question 38

Multiple Choice

TABLE 2- 5
The following are the durations in minutes of a sample of long-distance phone calls made within the continental United States reported by one long-distance carrier.
$$\begin{array}{l}\begin{array} { l l } \hline&\text { Relative}\\\text { Time (in Minutes) }&\text {Frequency }\\\hline0 \text { but lessthan } 5 & 0.37 \\5 \text { but less than } 10 & 0.22 \\\text { 10 but lessthan } 15 & 0.15 \\\text { 15 but less than } 20 & 0.10 \\\text { 20 but lessthan } 25 & 0.07 \\\text { 25 but lessthan } 30 & 0.07 \\30 \text { or more } & 0.02 \\\hline\end{array}\end{array}$$
-Referring to Table 2-5, if 100 calls were randomly sampled, how many calls lasted 15 minutes or longer?

• A) 14
• B) 74
• C) 26
• D) 10

Recognize the historical context and scale of U.S. budget deficits relative to GDP.

Comprehend the concept of a cyclically balanced budget in different economic conditions.

Know the implications of following a functional finance approach to federal budgeting.

Understand the impact of state and local government financing methods on public projects.

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Definitions:

Take Marketing Actions

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Develop Findings

The act of analyzing data or research to extract meaningful insights, conclusions, or results that can inform decisions or strategies.

Collect Relevant Information

Involves gathering appropriate and necessary data to make informed decisions.

Develop the Research Plan

The process of outlining strategies for gathering necessary information to make informed business decisions, including selecting methodologies, tools, and data sources.