Suppose the Price of Oranges Rises

question 97

Multiple Choice

Suppose the price of oranges rises. As a result, the

• A) supply of orange pickers increases.
• B) supply of orange pickers decreases.
• C) demand for orange pickers increases.
• D) demand for orange pickers decreases.

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Definitions:

Sampling Distribution

A probability distribution of a statistic obtained through a large number of samples drawn from a specific population.

Bell Shaped

Describes a distribution that is symmetrical and peaked in the middle, resembling the shape of a bell, often referring to the normal distribution.

Sampling Distribution

Likelihood patterns of a specific statistic that are based on randomly chosen samples.

Normally Distributed

Describes a probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean.