Answer:
4800m³
Step-by-step explanation:
V=
=
=4800
Given the marginal propensity to consume (MPC), the miltiplier is given by
Multiplier = 1 / (1 - MPC)
Given that the marginal propensity to consume is 0.8, the multiplier is given by
Multiplier = 1 / (1 - 0.8) = 1 / 0.2 = 5
Yes, but your answer will be a decimal, but make sure you check your work and one way you can check your work is by first combing like terms, and then solve it as it is an equation.
Answer:
C. Decreases the margin of error and hence increases the precision
Step-by-step explanation:
If we select a sample by Simple Random Sampling in a population of “infinite” size (a population so large that we do not know its size exactly), then the margin of error is given by
where
<em>Z = The Z-score corresponding to the confidence level
</em>
<em>S = The estimated standard deviation of the population
</em>
<em>n = the size of the sample.
</em>
As we can see, since n is in the denominator of the fraction and the numerator is kept constant, the larger the sample size the smaller the margin of error, so the correct choice is:
C. Decreases the margin of error and hence increases the precision