If Inputs Increase by 30% and Outputs Increase by 15

question 132

Multiple Choice

If inputs increase by 30% and outputs increase by 15%, what is the percentage change in productivity?

• A) 50.00% decrease
• B) 88.46% increase
• C) 88.46% decrease
• D) 11.54% increase
• E) 11.54% decrease

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Definitions:

Confidence Interval

Various values, obtained from sample measures, that are likely to contain the essence of an unknown population parameter.

Confidence Interval

A selection of values, taken from data sampling, that is presumed to hold the value of a hidden population attribute.

Sample Size

The number of observations or data points collected or selected from a population for the purpose of statistical analysis.

Degrees of Freedom

The number of independent pieces of information in a dataset that are available for estimating another piece of information or parameter.