A Local Unemployment Office Keeps Track of the Number of New

question 16

Multiple Choice

A local unemployment office keeps track of the number of new claims filed each day. Based on data collected, it determines that the expected number of new claims filed per
Day is 2.4 with a standard deviation of 0.8688. Suppose that the office is open five days
Per week. The expected number of new claims filed per week at this office is

• A) 7.4.
• B) 4.344.
• C) 12.
• D) 10.
• E) 5.25.

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Definitions:

Price Sunglasses

The amount of money required to purchase eyewear designed to protect the eyes from the sun's harmful rays.

Market Equilibrium

The condition in a market where the quantity supplied equals the quantity demanded, resulting in no surplus or shortage and stable prices.

Quantity Sunglasses

The total number of sunglasses that buyers are willing to purchase at a given price.

Supply Sugar

Refers to the total amount of sugar that producers are willing and able to sell at a given set of prices, over a specific period of time.