You and several friends in your dorm are having a free-throw shooting competition. You each shoot ten free-throws and record the number of shots made.
-Refer to the situation described above ; what is the mean number of shots made? Round your
answer to two decimal places.
Definitions:
Positive Externalities
Benefits that are enjoyed by a third-party or the society at large, as a result of an economic transaction.
Socially Optimal Level
The socially optimal level is the quantity of production or consumption where the marginal social cost equals the marginal social benefit, maximizing overall welfare.
Policymakers
Individuals or groups responsible for making decisions and establishing regulations that guide the economic, social, and political governance of a society.
Marginal Benefit
The plus in satisfaction or usefulness someone gets by consuming an extra unit of a given product or service.
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