The Information Below Is the Number of Daily Emergency Assists

question 78

Multiple Choice

The information below is the number of daily emergency assists made to skiers by the volunteer ski team at Alpine Ski Lodge for the last 50 days. To explain, there were 22 days on which there were 2 emergency assists, and 9 days on which there were 3 emergency assists.
Convert this information to a probability distribution, and determine the mean number of assists per day.

• A) 1.56
• B) 1.7
• C) 1.66
• D) 1.76
• E) 1.77

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Definitions:

MPC

Marginal Propensity to Consume, which is the proportion of additional income that a consumer spends on goods and services as opposed to saving it.

Capital Goods

Long-term assets such as buildings, machinery, and equipment used in the production of goods and services.

Money Supply

The overall sum of money available in an economy at a designated moment.

Government Expenditures

Spending by government agencies on goods, services, and projects to fulfill public policies, which can influence a nation's economic performance.