A University Instructor Created a Website for Her Chemistry Course

question 25

Multiple Choice

A university instructor created a website for her Chemistry course.The students in her class were encouraged to use the website as an additional resource for the course.At the end of the semester,the instructor asked each student how many times he or she visited the website and recorded the counts.Based on the histogram below,describe the distribution of website use.

• A)The distribution of the number of visits to the course website by each student for the semester is skewed to the left,with the number of visits ranging from 1 to 15 visits.The distribution is centred at about 14 visits,with many students visiting 15 times.
• B)The distribution of the number of visits to the course website by each student for the semester is skewed to the left,with the number of visits ranging from 1 to 16 visits.The distribution is centred at about 14 visits,with many students visiting 15 times.There is an outlier in the distribution,two students who visited the site only once.The next highest number of visits was 8.
• C)The distribution of the number of visits to the course website by each student for the semester is skewed to the right,with the number of visits ranging from 1 to 15 visits.The distribution is centred at about 14 visits,with many students visiting 15 times.There is an outlier in the distribution,two students who visited the site only once.The next highest number of visits was 8.
• D)The distribution of the number of visits to the course website by each student for the semester is skewed to the left,with the number of visits ranging from 1 to 15 visits.The distribution is centred at about 14 visits,with many students visiting 15 times.There is an outlier in the distribution,two students who visited the site only once.The next highest number of visits was 8.
• E)The distribution of the number of visits to the course website by each student for the semester is skewed to the left,with the number of visits ranging from 1 to 15 visits.The distribution is centred at about 12 visits,with many students visiting 15 times.There is an outlier in the distribution,two students who visited the site only once.The next highest number of visits was 8.

Recognize the significance of the slope of a budget line in consumer choice.

Distinguish between total utility and marginal utility and their respective roles in consumer decision-making.

Explain the law of diminishing marginal utility and its connection to the demand curve.

Identify the conditions under which a consumer maximizes utility given budget constraints and indifference curve analysis.

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Definitions:

Sunk Costs

Costs that have already been incurred and cannot be recovered or altered by future actions.

Sunk Cost

Refers to money that has already been spent and cannot be recovered, which should not influence future business decisions.

Standard Cost Formula

A predetermined cost of manufacturing a single unit or a number of product units during a specific period under normal conditions, used for budgeting and cost control.

Total Cost

The aggregate amount of all costs involved in producing a product or delivering a service, including direct materials, labor, and overhead expenses.