Refer to the Table Below A)1
B)3
C)4
D)6

question 108

Multiple Choice

Refer to the table below. According to the Cost-Benefit Principle, how many units of this activity should be carried out? $$\begin{array} { | c | c | c | } \hline \begin{array} { c } \text { Units of } \\\text { Activity }\end{array} & \begin{array} { c } \text { Total } \\\text { Cost }\end{array} & \begin{array} { c } \text { Total } \\\text { Benefit }\end{array} \\\hline 0 & \$ 0 & \$ 0 \\\hline 1 & \$ 30 & \$ 100 \\\hline 2 & \$ 40 & \$ 160 \\\hline 3 & \$ 60 & \$ 190 \\\hline 4 & \$ 100 & \$ 210 \\\hline 5 & \$ 150 & \$ 220 \\\hline 6 & \$ 210 & \$ 225 \\\hline\end{array}$$

• A)1
• B)3
• C)4
• D)6

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Definitions:

Matched Pairs Sample

A study design where subjects are paired based on certain characteristics or conditions, and then differences between pairs are examined for impact of a treatment or condition.

Frequency Distributions

An arrangement of values that shows the frequency with which each value occurs.

Population Median

The middle value of a dataset when it is ordered from the smallest to the largest, representing the central tendency of the population.

Normal Approximation

Normal approximation is a statistical technique that applies the properties of the normal distribution to approximate the distribution of sample data or statistics.