Nancy Lerner Is Taking a Course from Professor Goodheart Who

question 5

Multiple Choice

Nancy Lerner is taking a course from Professor Goodheart who will count only her best midterm grade and from Professor Stern who will count only her worst midterm grade.In one of her classes, Nancy has scores of 20 on her first midterm and 30 on her second midterm.When the first midterm score is measured on the horizontal axis and her second midterm score on the vertical, her indifference curve has a slope of zero at the point (20, 30) .This class could

• A)be Professor Goodheart's but could not be Professor Stern's.
• B)be Professor Stern's but could not be Professor Goodheart's.
• C)not be either Professor Goodheart's or Professor Stern's.
• D)be either Professor Goodheart's or Professor Stern's.
• E)There is not enough information to tell whose class it could or couldn't be.

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Definitions:

Difference

Implies a point or way in which people or things are not the same.

Standard Deviation

A measure in statistics that quantifies the amount of variation or dispersion of a set of numeric values.

Sample Scores

Quantitative values or measurements obtained from a subset of a population for research or analysis purposes.

Representative

Something, such as a person or sample, that accurately reflects the larger group or whole it is intended to stand in for.