Use the Given Information to Find the P-Value

question 116

Multiple Choice

Use the given information to find the P-value
-The claim is that the proportion of drowning deaths of children attributable to beaches is more than 0.25, and the sample statistics include n = 647 drowning deaths of children with 30% of them attributable to beaches.

• A)2.94
• B)-2.94
• C)-2.78
• D)2.78

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Definitions:

Average Costs

The total costs of production divided by the number of units produced, representing the cost per unit.

Returns To Scale

The change in output resulting from a proportional change in all inputs in the production process; can be increasing, constant, or decreasing.

Increasing Returns To Scale

See Economies of scale.

Economies Of Scale

Exist when average costs fall as output increases.