A Sample of Size 35 Is Selected at Random from a Finite

question 38

Short Answer

A sample of size 35 is selected at random from a finite population. If the finite population correction factor is 0.5, then (rounded to the nearest integer) the population size is: $\begin{array}{|l|l|}\hline\text { A. } & 46 . \\\hline \text { B. } & 2116 . \\\hline \text { C. } & 78 . \\\hline \text { D. } & 35 . \\\hline\end{array}$

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Definitions:

Marginal Product

The additional output resulting from using one more unit of a particular input, holding other inputs constant.

Total Revenue

The total amount of money a company receives from its sales of goods or services, calculated before any expenses are subtracted.

Total Output

The total quantity of goods and services produced in an economy over a specific period of time.

Total Cost

The sum of fixed and variable costs incurred by a business in the production of goods or services.