It Is Estimated That 45% of Households Own a Riding

question 77

Multiple Choice

It is estimated that 45% of households own a riding lawn mower. A sample of 12 households is studied. What is the mean number of households who own a riding
Mower?

• A) 12
• B) 1.7234
• C) 2.97
• D) 5.4

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Definitions:

Long Run

A period where all factors of production and costs are variable and no inputs are fixed.

Unemployment

The condition of being jobless and actively seeking employment, reflecting the number of people in the workforce unable to find jobs.

Government Measure

Actions or initiatives taken by a government to regulate, control, or influence a particular aspect of the economy or society.

Construction

The process of building or assembling infrastructure, including the planning, design, and financing, continuing until the project is ready for use.