The Data in the Table Below Assumes That with the Same

question 47

Multiple Choice

The data in the table below assumes that with the same quantity of resources, both Australia and Philippines produces food and computers.Australia can make 1, 000 computers or 2, 000 units of food in a day, and the Philippines can make 200 computers or 1, 200 units of food in a day. Table 20.2 According to Table 20.2, what is the opportunity cost of 1 unit of food in Australia?

• A)Half a unit of computer
• B)6 computers
• C)2 computers
• D)One-sixth of a unit of computers
• E)1 computer

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Definitions:

Scatterplot Strength

Indicative of the degree of correlation between two variables represented in a scatterplot, showing how closely the data points fit a trend line.

Curve Following

The practice of tracing the path or line that best fits the pattern of a dataset, often used in trend analysis.

Sample Variance

The measure of variation or spread within a sample set of data, calculated by averaging the squared deviations from the sample mean.

Population Variance

A measure of the dispersion of a set of data points in a population from their mean value, representing how spread out the population values are.