Which of the Following Situations Is Descriptive of the Existence

question 31

Multiple Choice

Which of the following situations is descriptive of the existence of a negative externality.

• A)Vernon studies for his biology test late into the night and oversleeps the next morning, thus missing the test.
• B)Nancy is in the library looking for a book. She is talking to herself and consequently disturbs a few people in the library.
• C)Bob learns later that he could have purchased a pair of shoes for less than he paid.
• D)Jackie has had the flu and has stayed in bed for a week.

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Definitions:

Confidence Interval

A range of values derived from sample statistics that is likely to cover the true parameter of the population with a certain level of confidence.

Standard Deviation

A statistic that measures the dispersion of a dataset relative to its mean.

T-Distribution

A probability distribution used in statistics for estimating population parameters when the sample size is small and the population variance is unknown.

Confidence Intervals

A range of values, derived from sample statistics, that is likely to contain the value of an unknown population parameter, expressed with a certain level of confidence.