Students in Professor Smith's Business Statistics Course Have Evaluated the Overall

question 38

Multiple Choice

Students in Professor Smith's business statistics course have evaluated the overall effectiveness of the professor's instruction on a five-point scale, where a score of 1 indicates very poor performance and a score of 5 indicates outstanding performance. The raw scores are displayed in the accompanying table: (See the Excel Data File.) What is the relative frequency of the students who gave Professor Smith an evaluation of 3?

• A) 0.3
• B) 0.5
• C) 9
• D) 15

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Definitions:

Supply Curves

Graphical representations showing the relationship between the price of a good and the quantity of the good that suppliers are willing to sell.

Government's Revenue

The total income received by the government from various sources, including taxes, fees, fines, and the sale of goods and services.

Personal Income Taxes

Taxes levied on individuals or households based on the income they earn within a given year.

Subsidies

Financial support granted by the government or a public body to help an industry or business keep the prices of a commodity or service low.