Figure 8-3 -Refer to Figure 8-3.The Amount of the Tax on Each

question 177

Multiple Choice

Figure 8-3

-Refer to Figure 8-3.The amount of the tax on each unit of the good is

• A)$16.
• B)$14.
• C)$8.
• D)$6.

---

Definitions:

Confidence Interval

A spectrum of numbers, resulted from analyzing sample data, predicted to include the true value of a parameter from an undetermined broader population.

Mean Gas Consumption

The average quantity of gas consumed over a specified period or across a group of units.

Sample Standard Deviation

A measure of the amount of variation or dispersion of a set of sample values from their sample mean.

Chi-squared Test Statistic

A measure used in statistics to determine the significance of the differences between categorical variables.