An Economist Is Interested in Studying the Incomes of Consumers

question 120

Multiple Choice

An economist is interested in studying the incomes of consumers in a particular region.The population standard deviation is known to be $1,000.A random sample of 50 individuals resulted in an average income of $30,000.What sample size would the economist need to use for a 95% confidence interval if the width of the interval should not be more than $100?

• A) n = 1537
• B) n = 385
• C) n = 20
• D) n = 40

Comprehend the prevalence and prevention of sexually transmitted infections (STIs) and their impact on health during early adulthood.

Understand various medical conditions affecting reproductive health and their symptoms.

Recognize legal and societal implications of rape and acquaintance rape.

Identify signs and regulations around workplace sexual harassment.

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Definitions:

Nominal Gross Domestic Product (GDP)

A rephrased term for Nominal GDP, referring to the market value of all final goods and services produced within a country in a year, unadjusted for inflation.

GDP Price Index

An economic metric that accounts for inflation by converting output measured at current prices into constant-dollar GDP.

Fixed-Weight Price Index

A method of calculating inflation or deflation that uses predetermined weights for different categories of goods and services, regardless of their current market importance.

Chain-Weighted System

An inflation measure that adjusts the weights from year to year in calculating a price index, thereby reducing the bias caused by a fixed-price weighting system.