You Need 50 Pounds of Two Commodities Costing $1 $y = 1.60 x + 1.95 ( 50 - x )$

question 36

Multiple Choice

You need 50 pounds of two commodities costing $1.60 and $1.95 per pound. Determine the number of pounds of the less expensive commodity purchased if the total cost $y = 1.60 x + 1.95 ( 50 - x )$ is $\$ 94$ .

• A) 10 pounds
• B) 17 pounds
• C) 7 pounds
• D) 5 pounds
• E) 13 pounds

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Definitions:

Significance Level

The probability of rejecting the null hypothesis in a statistical test when it is actually true; used as a threshold for determining the statistical significance of a test result.

Sample Data

A subset of data collected from a larger population, used to make inferences or predictions about the population.

Hypotheses

Propositions or statements made for the purpose of testing through research and experimentation, often predicting a particular relationship between variables.

Chi-square Goodness-of-fit

A statistical test to determine if observed data fits a particular expected distribution.