An Apple Orchard Currently Hires 10 Workers

question 67

Multiple Choice

An apple orchard currently hires 10 workers. The owner estimates that hiring an additional worker would increase apple yields by 20 bushels per day. The price of apples is $15 per bushel. The owner should hire the extra worker if the wage rate is no greater than

• A) $50 per day.
• B) $150 per day.
• C) $200 per day.
• D) $300 per day.

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Definitions:

Equal-variances Test

A statistical method used to assess whether two or more populations have equal variances.

Student T-distributed

A probability distribution used in statistics when the sample size is small and the population standard deviation is unknown.

Degrees Of Freedom

The number of independent values or quantities which can vary in the analysis of statistical parameters.

Independent Samples

Samples selected from the same or different populations, but without any matching or pairing on characteristics.