-Refer to Exhibit 2-6

question 114

Multiple Choice

-Refer to Exhibit 2-6.Which graph depicts the result of a decrease in the unemployment rate?

• A) (1)
• B) (2)
• C) (3)
• D) (4)
• E) none of the above

---

Definitions:

Utilization Rate

This measures the efficiency with which capacity is used, often expressed as a percentage of total available capacity.

Exponential Distribution

A statistical distribution used to model time between events in a process that occurs continuously and independently at a constant average rate.

Poisson Distribution

A mathematical representation that quantifies the odds of various event frequencies occurring within a predetermined span of time or space.

Average Time

The mean time taken for a process or event, calculated by summing the total times recorded and dividing by the number of events.