SCENARIO 2-14 The Table Below Contains the Number of People Who Own

question 88

Short Answer

SCENARIO 2-14
The table below contains the number of people who own a portable Blu-ray player in a sample of 600 broken down by gender.
-Referring to Scenario 2-13,if a relative frequency or percentage distribution for the detergent data is constructed,using "9.0 but less than 10.0 gallons" as the first class,what percentage of drive-through car wash operations use at least 10 gallons but less than 13 gallons of detergent in a day?

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Definitions:

Diminishing Returns

A principle stating that as more of a variable input is combined with a fixed input, the incremental gains in output will eventually decrease.

Increasing Returns

This refers to a scenario in economics where, as the quantity of input increases, the rate of output increases at a faster rate, leading to economies of scale.

Long-Run Total Cost

The aggregate cost of production when all factors of production are variable and the scale of operation can change.

Units of Variable K

In economics, this refers to units of a variable factor of production (K often denotes capital), where the quantity can be changed in the short run to increase or decrease production.