Cathy Can Take Either of Two Separate Roads to Drive

question 41

Multiple Choice

Cathy can take either of two separate roads to drive to work. The first is a lightly used new toll road that is rarely congested. The second road is a local road with no tolls, but it is often congested and has many potholes. In this instance, the toll road is

• A) nonrivalrous and excludable
• B) rivalrous and nonexcludable
• C) nonrivalrous and nonexcludable
• D) rivalrous and excludable

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Definitions:

Normal Approximation

A technique used to approximate discrete probability distributions with a normal distribution when certain conditions are met.

Sampling Distribution

The probability distribution of a given statistic based on a large number of samples drawn from a specific population, used to estimate population parameters.

Sample Proportion

The sample proportion is a statistic that estimates the proportion of elements in a population that have a certain characteristic, based on a sample from that population.

Population Proportion

A measure that represents the fraction of members in a population that have a particular property or attribute.