Exhibit 7-2
A random sample of 10 examination papers in a course, which was given on a pass or fail basis, showed the following scores. 
-Refer to Exhibit 7-2. The point estimate for the mean of the population is
Definitions:
Price Ratio
The ratio expressing the relative prices of two goods or services, indicating how much of one is needed to trade for one unit of the other.
Marginal Rate
Refers to the rate at which one quantity changes with respect to a change in another quantity, commonly used in the context of taxes and interest rates.
Substitution Effect
The change in consumption of goods in response to a change in their relative prices, holding the consumer's level of utility constant.
Total Utility
The total satisfaction or benefit that a person derives from consuming a certain quantity of goods or services.
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Q35: Refer to Exhibit 10-8. The p-value is<br>A)0.0013<br>B)0.0026<br>C)0.0042<br>D)0.0084
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Q68: Refer to Exhibit 10-9. The mean for
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