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There Are 1,237 Trees on the Hill 0490588522935091397945317898181980085301999465142050871123239129495599454024070 \begin{array}{lllll}04905 & 8852 & 29350 & 91397 & 94531&78981&81980&08530\\19994&65142&05087&11232&39129&49559&94540&24070\end{array}

question 19

Essay

There are 1,237 trees on the hill. Explain how to use a random digit table to select a simple random sample of 20 trees. Then use the random digit table below to select the first five trees for your sample.
0490588522935091397945317898181980085301999465142050871123239129495599454024070 \begin{array}{lllll}04905 & 8852 & 29350 & 91397 & 94531&78981&81980&08530\\19994&65142&05087&11232&39129&49559&94540&24070\end{array}


Definitions:

Equilibrium Quantity

The amount of products or services available and sought after at the equilibrium price, where the supply meets the demand.

Price Floor

A government or regulatory-imposed minimum price for goods or services, intended to prevent prices from dropping too low.

Shortage

A circumstance in which the market desire for a service or product is greater than the supply.

Surplus

The situation in which the quantity supplied of a product exceeds the quantity demanded, often leading to price decreases.

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