If There Is Typically Bumper-To-Bumper Traffic on a Freeway at 5

question 68

Multiple Choice

If there is typically bumper-to-bumper traffic on a freeway at 5 p.m., we can reduce (or eliminate) the traffic congestion by

• A)building more freeways, which would shift the supply curve of freeway space rightward.
• B)building more freeways, which would shift the supply curve of freeway space leftward.
• C)encouraging workers to carpool, which would shift the demand curve for freeway space rightward.
• D)building more freeways, which would shift the demand curve for freeway space leftward.

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Definitions:

Mean

The average of a set of numbers, calculated by dividing the sum of all values by the number of values.

Median

A measure of central location provided by the value in the middle when the data are arranged in ascending order.

Uniform Distribution

A type of probability distribution in which all outcomes are equally likely.

Probability Density Function

An equation that indicates the probability of a random variable occurring at a certain value.