TABLE 2-6 A Sample of 200 Students at a Big Ten University

question 103

Multiple Choice

TABLE 2-6
A sample of 200 students at a Big Ten university was taken after the midterm to ask them whether they went bar hopping the weekend before the midterm or spent the weekend studying, and whether they did well or poorly on the midterm. The following table contains the result.

-Referring to Table 2-6, of the students in the sample who did well on the midterm, ________ percent went bar hopping the weekend before the midterm.

• A) 15
• B) 27.27
• C) 30
• D) 50

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Definitions:

Average Total Costs

The total cost of production divided by the number of units produced, representing the average cost per unit.

Physical Capital

Tangible assets used in the production of goods and services, such as machinery, buildings, and equipment.

Short Run

A period in economics during which at least one input is fixed while others are variable.

Average Total Costs

The total cost of production divided by the quantity of output produced. It reflects the per-unit cost of production.