In a Poll Conducted by a Survey Firm, 75% of Respondents

question 1

Multiple Choice

In a poll conducted by a survey firm, 75% of respondents said that their jobs were sometimes or always stressful. Nine workers are chosen at random. What is the probability that less than 4 of Them find their jobs stressful?

• A) 0.0100
• B) 0.9900
• C) 0.0489
• D) 0.0389

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Definitions:

Total Utility

The cumulative satisfaction or value that a consumer derives from consuming a given amount or number of goods or services.

Indifference Curve

A graph showing different combinations of two goods between which a consumer is indifferent.

Total Utility

The total satisfaction received from consuming a particular amount of goods or services.

Indifference Curve

A graph that shows combinations of two goods that give a consumer equal satisfaction and utility.