Table 44 -Refer to the Market Schedules for Pizza in Table 4

question 21

Multiple Choice

Table 4.4
$$\begin{array}{l}\text { Table } 4.4\\\begin{array} { | l | l | l | } \hline \begin{array} { l } \text { Price per Pizza } \\( \$ ) \end{array} & \begin{array} { l } \text { Quantity Demanded per Week } \\\text { (millions) }\end{array} & \begin{array} { l } \text { Quantity Supplied per Week } \\\text { (millions) }\end{array} \\\hline 10 & 10 & 30 \\\hline 8 & 15 & 25 \\\hline 6 & 20 & 20 \\\hline 4 & 25 & 15 \\\hline 2 & 30 & 10 \\\hline\end{array}\end{array}$$
-Refer to the market schedules for pizza in Table 4.4. What is quantity supplied at a price of $6?

• A) $6 and 40 million pizzas
• B) $8 and 20 million pizzas
• C) $6 and 20 million pizzas
• D) $2 and 10 million pizzas
• E) $10 and 10 million pizzas

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Definitions:

Contingency Table

A type of table in a matrix format that displays the frequency distribution of the variables. It helps in analyzing the relationship between two categorical variables.

Qualitative Variables

Variables that express categorical data, representing types or qualities rather than numbers.

Chi-square Tests

Statistical tests that use the chi-square statistic to test hypotheses about the distribution of categorical variables.

Lower-tailed

Refers to a type of hypothesis test or confidence interval that focuses on determining whether the value of interest is significantly less than a specified value.