Kama Gets 180 Total Utils from Taking Three Yoga Classes

question 140

Multiple Choice

Kama gets 180 total utils from taking three yoga classes per month. The additional utility derived from taking a fourth yoga class per month is 40 utils. Based on this information, which statement is TRUE?

• A) The total utility from taking four yoga classes is 140 utils.
• B) The marginal utility from his fifth yoga class is greater than 40 utils but less than 220 utils.
• C) The marginal utility of his third yoga class is greater than 40 utils.
• D) The marginal utility from his second yoga class is less than 40 utils.

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Definitions:

Sampling Distribution

A statistic's probability layout derived through random sampling.

Probability Distribution

The function that describes the likelihood of obtaining the possible values that a random variable can take.

Likelihood of Occurrence

Likelihood of occurrence refers to the probability that a given event will happen, often used in statistics to estimate outcomes.

Parameter

A numerical characteristic that describes a statistical population; it's a fixed value, though often unknown.