Write a Java Statement to Create an Input Stream to a File

question 22

Essay

Write a Java statement to create an input stream to a file named autos.txt.Use the BufferedReader class.

Recognize how sample size and population standard deviation affect the shape of sampling distributions.

Use statistical methods to estimate probabilities associated with sampling distributions.

Interpret the relationship between population distributions and sampling distributions.

Analyze the role of normal distribution in sampling theory.

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Definitions:

Last Unit

Refers to the final unit produced or consumed, often used in economic analysis to assess marginal utility or cost.

Allocative Efficiency

A state of the economy in which production represents consumer preferences and goods and services are distributed optimally according to the needs and desires of society.

Consumer Surplus

The gap between the price consumers are prepared to pay for a product or service and the actual amount they spend, indicating the advantage to consumers.

Producer Surplus

The difference between what producers are willing to sell a good for and the actual price they receive, measuring the benefit to producers from participating in the market.