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SCENARIO 12-13
Recent studies have found that American children are more obese than in the past. The amount of time children spent watching television has received much of the blame. A survey of 100 ten-yearolds revealed the following with regards to weights and average number of hours a day spent watching television. We are interested in testing whether the mean number of hours spent watching TV and weights are independent at 1% level of significance.
-Referring to Scenario 12-13,how many children in the survey spend more than 6 hours watching TV and are more than 10 lbs.overweight?
Indifference Curves
Graphical representations in economics to show combinations of two goods among which a consumer is indifferent in preference.
Budget Constraints
The limitations on the consumption choices of individuals or households based on their income and the prices of goods and services.
Optimum
The best or most favorable point, level, or condition, especially in terms of efficiency or success.
Indifference Curves
Graphical representations of different combinations of two goods between which a consumer is indifferent, showing preferences regarding consumption.
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