Table 44 -Refer to the Market Schedules for Pizza in Table 4

question 61

Multiple Choice

Table 4.4
$$\begin{array}{l}\text { Table } 4.4\\\begin{array} { | l | l | l | } \hline \begin{array} { l } \text { Price per Pizza } \\( \$ ) \end{array} & \begin{array} { l } \text { Quantity Demanded per Week } \\\text { (millions) }\end{array} & \begin{array} { l } \text { Quantity Supplied per Week } \\\text { (millions) }\end{array} \\\hline 10 & 10 & 30 \\\hline 8 & 15 & 25 \\\hline 6 & 20 & 20 \\\hline 4 & 25 & 15 \\\hline 2 & 30 & 10 \\\hline\end{array}\end{array}$$
-Refer to the market schedules for pizza in Table 4.4. What is quantity demanded at a price of $6?

• A) $6 and 40 million pizzas
• B) $8 and 20 million pizzas
• C) $6 and 20 million pizzas
• D) $2 and 10 million pizzas
• E) $10 and 10 million pizzas

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Definitions:

Standard Deviation

A statistical measure that indicates the extent of deviation for a group as a whole.

Sampling Distribution

The probability distribution of a given statistic based on a random sample, used in statistical hypothesis testing and estimation.

Observations

The act of monitoring or recording systematically selected variables to gather data or insights.

Defect Rate

The proportion of defective items or errors found in a batch of products, used as a measure of quality in manufacturing processes.