Examlex

Solved

Solve the Problem A)No the Distribution Is Left-Skewed

question 60

Multiple Choice

Solve the problem.
-Frequency data were reported for the ages of women who became mothers during one year in a selected U.S. city. The age distribution is given in the table. Obtain a relative-frequency histogram
Of these data and determine whether the ages are approximately normally distributed.
 Age  (yrs)   Frequency  10-under 15 10 15-under 20 87 20-under 25 888 25-under 30 67930-under 35 24535-under 40 22740-under 45 12345-under 5079\begin{array} { c | c } \begin{array} { c } \text { Age } \\\text { (yrs) }\end{array} & \text { Frequency } \\\hline \text { 10-under 15 } & 10 \\\text { 15-under 20 } & 87 \\\text { 20-under 25 } & 888 \\\text { 25-under 30 } & 679 \\30 \text {-under 35 } & 245 \\35 \text {-under 40 } & 227 \\40 \text {-under 45 } & 123 \\45 \text {-under } 50 & 79\end{array}


Definitions:

Utility-Maximizing

The economic principle where individuals or firms make choices that lead to the highest level of satisfaction or profit.

Satisfaction

The fulfillment or gratification of a need, desire, or appetite, often used in the context of consumer experiences with goods or services.

Demand Curve

A visual depiction showing how the quantity of a product demanded by buyers varies with its price.

Horizontal Summation

A method used to determine the total market demand or supply by adding together the quantities demanded or supplied at each price by all individuals.

Related Questions