Students Were Sampled in Order to Determine Their Support for the Legalization

question 174

Multiple Choice

Students were sampled in order to determine their support for the legalization of gambling in their community. A sample of 150 students were asked whether or not they supported legalization of gambling, and the following results were obtained. The number of degrees of freedom associated with this scenario is _____.

• A) 149
• B) 2
• C) 150
• D) 3

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Definitions:

M

A symbol often representing money supply in economic discussions, including various measures like M1, M2, and M3.

Q

Quantity, frequently used in economic equations and discussions to denote the amount of goods produced or consumed.

PQ

The product of price (P) and quantity (Q), often used in economics to calculate total revenue or expenditure.

P

Typically refers to "Price" in economic models, representing the monetary value assigned to a good or service in the market.