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The Numbers of Successes and the Sample Sizes Are Given x1=44,n1=67,x2=50,n2=79;95%\mathrm { x } _ { 1 } = 44 , \mathrm { n } _ { 1 } = 67 , \mathrm { x } _ { 2 } = 50 , \mathrm { n } _ { 2 } = 79 ; 95 \%

question 17

Multiple Choice

The numbers of successes and the sample sizes are given for independent simple random samples from two populations.Use the two-proportions z-interval procedure to obtain the specified confidence interval.
- x1=44,n1=67,x2=50,n2=79;95%\mathrm { x } _ { 1 } = 44 , \mathrm { n } _ { 1 } = 67 , \mathrm { x } _ { 2 } = 50 , \mathrm { n } _ { 2 } = 79 ; 95 \% confidence interval

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Definitions:

Economies of Scale

The cost advantage that arises with increased output of a product due to spreading fixed costs over more units of production.

Minimum Efficient Scale

The smallest level of production a firm can achieve while still taking full advantage of economies of scale regarding costs per unit.

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, leading to a reduction in average costs with increased output.

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