Provide an Appropriate Response

question 1

Multiple Choice

Provide an appropriate response.
-A poll of 700 persons attending the Taste of Chicago showed that 455 persons, 65% of the sample, believed that
The food was overpriced. It is estimated that 1,250,000 persons attend the Taste. Statistics suggest that, although
65% of attendees, with a margin of error of 5 percentage points, believe that the food is overpriced, the Taste is a
Popular event. The goal of the study was to

• A)determine the number of attendees who believe the food is overpriced.
• B)determine the percentage of attendees who believed the food is overpriced.
• C)determine whether the food is overpriced.
• D)determine whether the Taste is popular despite the price.

---

Definitions:

Total Cost Line

A graphical representation showing the total cost of producing varying quantities of output.

Extraction Cost Line

A theoretical line representing the costs associated with extracting natural resources, considering factors like accessibility and resource depletion.

Shift Upward

An increase in the position of a graph or line, indicating growth or rise in value.

Agriculture Organization

An entity focused on improving farming practices, supporting farmers, and promoting sustainable agriculture development.