It Is Claimed That in a Bushel of Peaches, Less

question 48

Multiple Choice

It is claimed that in a bushel of peaches, less than ten percent are defective. A sample of 400 peaches is examined and 50 are found to be defective. What is the sample proportion?

• A) 0.10
• B) 0.125
• C) 40
• D) 0.40

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Definitions:

Disinflation

A decrease in the rate of inflation, indicating a slowdown in the rate at which prices for goods and services rise.

Financial Crisis

A situation where financial assets suddenly lose a large part of their nominal value, often leading to bankruptcies, bank failures, and economic downturns.

Price Level

A measure of the average prices of goods and services in an economy, indicating inflationary trends and purchasing power.

Adverse Supply Shock

An unexpected event that suddenly decreases the supply of a commodity or service, leading to increased prices and potentially stalling economic output.