Bottles of Soda Slices of Pizza

question 187

Multiple Choice

Bottles of Soda Slices of Pizza

-The table above gives Ali's total utility from consuming bottles of soda and slices of pizza.The price of pizza is $2 per slice and the price of soda is $1 per bottle.Ali has $14 in his budget.When Ali maximizes his utility,how many slices of pizza does he buy?

• A) fewer than 2
• B) 2
• C) 3
• D) 4
• E) more than 4

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Definitions:

Residual Standard Deviation

A measure of the amount of variation in a set of observed values that is not explained by a statistical model, representing the standard deviation of the differences between predicted and observed values.

Regression Model

A mathematical representation used to estimate the relationship between a dependent variable and one or more independent variables.

Normally Distributed Residuals

Residuals (the differences between observed and predicted values) that are distributed according to a normal distribution, indicating a good fit for a linear model.

Normal Probability Plot

A graphical technique used to determine if a data set approximates a normal distribution, by plotting observed values against theoretically expected values in a normal distribution.