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A survey of 7,000 heads of household asked the following questions: Check the box if the answer is "yes".
My household has an Internet connection.
Someone in my household has a cell phone.
If 2,650 of the households checked the first box, what percentage of the respondents have an Internet connection?
If 1,950 of the households checked the second box, what percentage of the respondents have a cell phone in the household?
If 200 checked both boxes, what percentage of the households have both an Internet connection and a cell phone?
What percentage of the households have an Internet connection or a cell phone?
Fixed Price
A price that does not change over time or in response to market conditions, often set by a seller or agreement.
Budget Line
An illustrated chart depicting all the different pairings of two items that are purchasable within a certain budget and cost framework.
Price of Food
The monetary value assigned to food products, influenced by factors such as production costs, supply and demand.
Rotation
The act of turning around a center or an axis, often used metaphorically to describe a systematical shift in processes or roles.
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