Answer:
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Based on the information given, the interpretation of the confidence level will be that ninety percent of the time, the procedure used to generate this interval will capture the true proportion of teenagers who drive their own car to school.
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What is confidence level?</h3>
A confidence level simply means the percentage of probability that then m confidence interval will contain the true population parameter when the person draws a random sample.
It should be noted that a 90% confidence interval means a range of values that the person is 90% sure contains the true mean of the population.
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Based on the financial data (information) provided in the table (see attachment) and assuming a total fixed cost (TFC) of $5, the business firm's: B. economic profit is equal to $16, .
<h3>What is an economic profit?</h3>
An economic profit can be defined as a measure of the difference between the total revenue that a business firm (economic entity) has received from the sales of its products (outputs) and the opportunity costs of its inputs.
This ultimately implies that, an economic profit is equal to the total revenue minus total cost. Thus, it typically involves subtracting the total cost of a product from the total revenue that a business firm (economic entity) receives through it sales.
Based on the financial data (information) provided in the table (see attachment), we can infer and logically deduce that business firm's economic profit is equal to $16, assuming a total fixed cost (TFC) of $5.
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Answer:
a ship floats because of the mass and the parts of the ship help with staying on top of the water the buoyancy force is helpful for the ship to float which means weightless-airlessness and lightness.
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