SCENARIO 2-14 The Table Below Contains the Number of People Who Own

question 82

Short Answer

SCENARIO 2-14
The table below contains the number of people who own a portable Blu-ray player in a sample of 600 broken down by gender.
-Referring to Scenario 2-13,if a frequency distribution for the amount of detergent used is constructed,using "9.0 but less than 10.0 gallons" as the first class,the frequency of the "11.0 but less than 12.0 gallons" class would be_____ .

---

Definitions:

Market Baskets

A collection of goods and services used to represent consumption patterns for economic analysis.

Total Utility

The cumulative satisfaction or pleasure a consumer derives from consuming a certain quantity of goods and services.

Utility

An indicator of the joy or contentment a buyer experiences from the consumption of products and services.

Indifference Curve

A graph that shows a combination of two goods that give a consumer equal satisfaction and utility, illustrating their preferences.