A Sample of 200 High School Students Were Asked How

question 95

Multiple Choice

A sample of 200 high school students were asked how many hours per week they spend u television. The following frequency distribution presents the results.
$\begin{array}{cc}\hline{\text { Time Spent Watching Television }} \\\hline \text { Number of hours } & \text { Frequency } \\\hline 0.0-3.9 & 81 \\4.0-7.9 & 51 \\8.0-11.9 & 34 \\12.0-15.9 & 17 \\16.0-19.9 & 13 \\20.0-23.9 & 2 \\24.0-27.9 & 2 \\\hline\end{array}$

Construct a relative frequency polygon for the frequency distribution.

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Definitions:

Profit-maximizing Output

The peak production point for a firm where it attains its greatest possible profit, characterized by the equality of marginal cost and marginal revenue.

Marginal Cost

The additional cost incurred in producing one more unit of a good or service, crucial for making production and pricing decisions.

Fixed Cost

Fixed cost is a business expense that remains constant regardless of changes in the level of production or sales volumes, such as rent or salaries.

Lawn-mowing

The act of cutting the grass of a lawn to maintain a specified height and neat appearance.