The Table Below Shows How Total Donations, Average Donations, Total

question 123

Multiple Choice

The table below shows how total donations, average donations, total labor costs and average labor costs vary depending on the number of employees State U hires for its fundraising activities. The marginal cost of the 4^th employee is:

• A)$9,500.
• B)$10,750.
• C)$11,000.
• D)$13,000.

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Definitions:

Test Statistic

A value calculated from sample data that is used in a hypothesis test to make a decision about the null hypothesis.

Sample Data

Data collected from a subset of a population, used to make inferences or predictions about the larger group.

Population Variance

A measure of the dispersion or spread of a set of data points in a population, calculated by taking the average of the squared differences from the mean.

Critical Value

A threshold or boundary in hypothesis testing that defines the cutoff between the rejection or non-rejection of the null hypothesis.