To Determine the Mean Number of Unpopped Kernels in Your

question 68

Multiple Choice

To determine the mean number of unpopped kernels in your favorite brand of microwave popcorn,you pop a random sample of 50 bags of popcorn and construct of 98% confidence interval of (12.5,15.4) .

• A)1.23 unpopped kernels
• B)1.45 unpopped kernels
• C)1.50 unpopped kernels
• D)2.90 unpopped kernels
• E)Not enough information is given.

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Definitions:

Consumption Changes

Variations in the amount and types of goods and services used by households over time.

Barley Crop

A cereal grain that is used worldwide as fodder for animals, as a source of fermentable material for beer and certain distilled beverages, and as a component of various health foods.

Aggregate Demand

The total demand for all goods and services within an economy at a given overall price level and in a given time period.

Demand Function

A mathematical expression that describes the relationship between the quantity of a good demanded and its price, along with other factors such as income and prices of related goods.