What Is an Example of a Public Good

question 29

Multiple Choice

What is an example of a public good?

• A)clean air
• B)garbage collection service
• C)shoes sold at a shoe store
• D)groceries sold at a grocery store
• E)home-grown vegetables given from one person to another

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Definitions:

Proportion

A part, share, or number considered in comparative relation to a whole; a statistical measure often used to describe a characteristic of a sample.

Variability

The extent to which data points in a statistical distribution or dataset differ from the average or mean value.

Sample Size

The number of observations or data points collected in a sample from a population.

Central Limit Theorem

A statistical theory that states that, given a sufficiently large sample size from a population with a finite level of variance, the mean of all samples from the same population will be approximately equal to the mean of the population, and the samples will be distributed approximately normally.