There Are 2221 Students in a School District

question 4

Multiple Choice

There are 2221 students in a school district. In a sample of 452 students from this school district, 161 have mathematics scores below grade level. Based on this sample statistic, estimate the population proportion of students in this district with mathematics scores below grade level.

• A)0.36
• B)0.07
• C)791
• D)0.2

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Definitions:

Profit-maximizing Output

The level of production at which a company achieves the highest possible profit, where marginal cost equals marginal revenue.

Collusion Model

A framework describing how firms may work together, often secretly, to control prices or market conditions, typically to reduce competition and increase profits.

Monopoly

A market structure characterized by a single seller or producer dominating the entire market, with no close substitutes for the product or service offered.

Behavioural Agent

An entity in software or computing that acts autonomously in an environment by responding to sensory inputs with actions that maximize its chance of achieving designated goals.