If Tom Can Wax a Car in Fewer Hours Than

question 231

Multiple Choice

If Tom can wax a car in fewer hours than Jerry,then Tom definitely has

• A) a comparative advantage in car waxing.
• B) an absolute advantage in car waxing.
• C) both a comparative and an absolute advantage in car waxing.
• D) neither a comparative nor an absolute advantage in car waxing.
• E) an undetermined advantage because we do not know how long it takes Tom and Jerry to wash a car.

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Definitions:

Standard Normal Random Variable

A normal distribution with a mean of zero and a standard deviation of one, used in z-score calculations.

Area

The size or dimensions of a land area or surface.

z

Represents the standard score, indicating how many standard deviations an element is from the mean.

Standard Normal Random Variable

A normal distribution with a mean of 0 and a standard deviation of 1, used as a basis for comparison in statistics.