-In the Above Table, the Marginal Cost of the Ninth

question 301

Multiple Choice

-In the above table, the marginal cost of the ninth unit is

• A) $4.00.
• B) $5.00.
• C) $6.00.
• D) $7.00.

---

Definitions:

Discrete Random Variables

Variables in statistics that can take on a countable number of distinct values and are not continuous.

Simple Random Sample

A subset of individuals chosen from a larger set such that every individual has an equal chance of being selected.

Sample Proportion

The fraction of observations in a sample that belong to a certain category, serving as an estimate of the proportion in the population.

Bias

A systematic error or deviation from the truth in results or inferences.