According to the U

question 191

Multiple Choice

According to the U.S. Bureau of the Census, the relation between the average annual earnings of males and females with various levels of educational attainment can be modeled by the function F = 0.551M + 6.686 , where M and F represent the average annual earnings (in thousands of dollars) of males and females, respectively. Choose the correct interpretation of the slope.​ ​

• A) For each $1 increase in the males' earnings, the females' earning increases by $0.551.
• B) For each $1000 increase in the males' earnings, the females' earning increases by $55.1.
• C) For each $1000 increase in the males' earnings, the females' earning decreases by $55.1.
• D) For each $1 increase in the males' earnings, the females' earning decreases by $0.551.
• E) For each $100 increase in the males' earnings, the females' earning increases by $5.51.

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Definitions:

Derived Demand

Demand for a good or service that arises from the demand for another good or service, for example, the demand for steel being derived from the demand for automobiles.

Industrial Products

Goods and services designed and marketed for use in production and operations, often sold to other businesses rather than end consumers.

Consumer Products

are goods sold directly to consumers for their personal or household use.

Six-Digit Coding

A system often used in categorizing and organizing information or items, where each item is assigned a unique six-digit code.