Many Walmart Stores Have Automotive Departments Where Customers Can Buy

question 24

Multiple Choice

Many Walmart stores have automotive departments where customers can buy tires, have their vehicles serviced, and obtain other automotive services. Recently, the manager at an Ohio Walmart collected data on the time customers had to wait to get the desired automotive service. Of the 500 cars in the sample, the shortest time any customer spent waiting was 3 minutes and the longest time was 183 minutes. Assuming that the manager wishes to develop a frequency distribution with 9 classes, which of the following would be an appropriate class width for each class?

• A) 10.50
• B) 19.99
• C) 20.00
• D) 3 to 23

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Definitions:

Production Possibilities Curve

The Production Possibilities Curve represents the maximum combination of goods or services that can be produced in an economy, given available resources and technology, illustrating the trade-offs and opportunity costs.

Unemployed Resources

Factors of production that are not being utilized to their full capacity, including labor, capital, and natural resources, often indicating economic inefficiency.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision or choosing one option over another.

Outboard Motors

Engine units mounted on the outside of the boat's stern, providing propulsion and steering capabilities.