Answer the Question. -Analysis of the Raw Data of a Statistical Study Showed

question 15

Multiple Choice

Answer the question.
-Analysis of the raw data of a statistical study showed that of 100 married couples, 3 met on a blind date. Which
Question most probably represents the purpose of the study?

• A)What percent of blind dates lead to marriage?
• B)How many married couples in the U.S. initially met on a blind date?
• C)What percent of married couples initially met on a blind date?
• D)What percent of married couples who met on blind dates eventually get divorced?

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Definitions:

Substitution Effect

The substitution effect occurs when consumers replace more expensive items with less costly alternatives as prices change.

Diminishing Returns

A principle stating that if one factor of production is increased while others are held constant, the additional output generated will eventually decrease.

Government Subsidies

Financial support provided by the government to businesses, individuals, or other entities, typically to encourage certain activities or reduce costs.

Agriculture

The science, art, and practice of cultivating the soil, growing crops, and raising livestock; including the preparation and marketing of the resulting products.