If the Demand for Hamburgers Increases, It Is Likely That

question 130

Multiple Choice

If the demand for hamburgers increases, it is likely that the demand for fast-food employees will

• A) increase.
• B) decrease.
• C) stay the same.
• D) increase at first but then fall rapidly.

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Definitions:

Proportion

A measure that represents a part of a whole as a fraction or percentage.

T Distribution

A probability distribution used in statistics for estimating population parameters when the sample size is small and the population variance is unknown.

Degrees of Freedom

The number of independent values or quantities that can be assigned to a statistical distribution or in the calculation of a statistic.

Interval Estimate

Interval Estimate refers to a range of values, derived from sample statistics, used to estimate a population parameter.