Given the Contingency Table Shown Here,if a Randomly Chosen Student

question 38

Multiple Choice

Given the contingency table shown here,if a randomly chosen student attends a religious school,what is the probability the location is rural?

• A)0.142
• B)0.162
• C)0.167
• D)0.333

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Definitions:

Returns To Scale

The change in output resulting from a proportional change in all inputs (factors of production) in the production process.

Production Function

A mathematical model that describes the relationship between inputs used in production and the resulting output of goods or services.

Input

Resources or factors used in the production process of goods and services, such as labor, capital, and materials.

Production Function

A mathematical model that describes the output generated from combinations of inputs, such as labor and capital.