SCENARIO 12-13 Recent Studies Have Found That American Children Are More Obese

question 41

Multiple Choice

SCENARIO 12-13
Recent studies have found that American children are more obese than in the past.The amount of
time children spent watching television has received much of the blame.A survey of 100 ten-year-
olds revealed the following with regards to weights and average number of hours a day spent
watching television.We are interested in testing whether the mean number of hours spent watching
TV and weights are independent at 1% level of significance.
12-30 Chi-Square and Nonparametric Tests
-Referring to Scenario 12-13, if there is no connection between weights and average number of
Hours spent watching TV, we should expect how many children to be spending no more than 6
Hours on average watching TV and are more than 10 lbs.underweight?

• A) 5.8
• B) 6.2
• C) 8
• D) 12

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Definitions:

ATC

Average Total Cost; the total cost of production divided by the quantity of output produced.

AVC

Average Variable Cost, which is the total variable cost divided by the quantity of output produced. It represents the variable cost per unit of output.

MC

Marginal Cost, which refers to the increase in total production cost that arises from producing one additional unit of a good or service.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs like opportunity costs.