Super Bowl XLVI Was Played Between the New York Giants

question 30

Multiple Choice

Super Bowl XLVI was played between the New York Giants and the New England Patriots in Indianapolis.Due to a decade-long rivalry between the Patriots and the city's own team,the Colts,most Indianapolis residents were rooting heartily for the Giants.Suppose that 90% of Indianapolis residents wanted the Giants to beat the Patriots. Refer to Exhibit 7-9.What is the probability that from a sample of 200 Indianapolis residents,fewer than 170 were rooting for the Giants in Super Bowl XLIV?

• A)0.0091
• B)0.0212
• C)0.4954
• D)0.9908

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Definitions:

Average Fixed Cost

The fixed costs of production divided by the quantity of output produced; it decreases as production increases.

Output

The cumulative output of goods and services from a company or an economic system.

Average Total Cost

The total cost of production divided by the total number of units produced, representing the per unit cost of production.

Average Variable Cost

The cost of labor, materials, and other inputs that change with the level of output, averaged over the quantity produced.