The Table Given Below Represents the Output Per Hour of Cookies

question 30

Multiple Choice

The table given below represents the output per hour of cookies and chilies in Ohio and Iowa.
Table 2.4
$\begin{array}{|ccc|}\hline &\text { Output per Hour }\\\text { Iowa } &\text { Cookies } & \text { Chilies } \\\hline \text { Ohid } & 6 & 24 \\\hline \text { Iowa } & 12 & 96\\\hline \end{array}$
-Refer to Table 2.4. Calculate the opportunity cost of a cookie in Iowa.

• A) 8 chilies
• B) 4 chilies
• C) 96 chilies
• D) Less than in Ohio
• E) The same as in Ohio

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Definitions:

Profile Plots

Graphical displays of the estimated values across different factors or conditions, often used to assess interactions in multivariate data.

Marginal Means

It refers to the average value of a variable within a dataset, taking into account the levels of another variable.

Profile Plot

A profile plot is a graph that displays the interactions between factors in a multivariate analysis, showing how different profiles respond across conditions.

Interaction Effect

A phenomenon in statistical analysis where the effect of two or more variables on an outcome is not simply additive, indicating that variables interact in predicting the response.