Suppose 65% of All College Students Have a Laptop Computer

question 64

Multiple Choice

Suppose 65% of all college students have a laptop computer at home and a sample of 150 students is taken. The mean of the sampling distribution of is

• A) 0.65.
• B) 6.5.
• C) 97.5.
• D) 0.975.
• E) 15.0.

Understand the effect of changes in the Average Propensity to Save (APS) on total savings.

Analyze historical changes in consumer spending patterns.

Calculate induced consumption given consumption, disposable income, and autonomous consumption.

Projection of public savings based on given personal income levels.