A Study at a University in New South Wales Reveals

question 66

Short Answer

A study at a university in New South Wales reveals that,historically,45% of their students are minority students.If random samples of size 75 are selected,the standard error of the proportions of students in the samples who are minority students is_________

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Definitions:

Long Run

A period of time in economics in which all factors of production and costs are variable, allowing all inputs to be adjusted.

Output

The total amount of goods or services produced by a company, industry, or economy within a specified period.

Total Cost

The complete cost of production, including both fixed and variable costs, incurred by a firm in producing and selling a quantity of a good or service.

Variable Cost

Expenses that vary in relation to the amount of products or services a company generates.