A Group of Six Individuals with High Cholesterol Levels Were

question 34

Multiple Choice

A group of six individuals with high cholesterol levels were given a new diet designed to lower cholesterol levels. Cholesterol levels, in milligrams per deciliter, were measured before and after the
Implementation of the diet for each individual, with the following results:
$\begin{array} { c c c } \hline \text { Individual } & \text { Before } & \text { After } \\\hline 1 & 227 & 208 \\2 & 239 & 208 \\3 & 255 & 208 \\4 & 242 & 187 \\5 & 240 & 212 \\6 & 241 & 196\end{array}$
Find the 98% confidence interval for the mean reduction in cholesterol level.

• A) (15.23, 59.77)
• B) (17.85, 58.83)
• C) (16.17, 15.23)
• D) (18.79, 56.21)

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Definitions:

Economic Outcome

The result or consequence of economic activities and policies on an economy's overall condition.

Marginal Rate Of Substitution

The speed at which a consumer is able to forfeit a certain quantity of one product in favor of another product, whilst retaining an equivalent level of satisfaction.

Efficiency

Efficiency in an economic context refers to the optimal production and allocation of resources to maximize the satisfaction of needs and wants with minimal waste.

Edgeworth Box Diagram

A graphical representation used in economics to show various distributions of resources and to demonstrate the efficiency of markets.