Answer:
a. 4% is a statistic and 1% is a parameter
Explanation:
A statistic is an estimate, for example, something for a sample extended to the entire population. In this problem, we have a shipment of over 1 million parts, and a sample of 100 is selected. Of those, 4% are defective. You have no idea that the 4% is true for the entire population, it is just an estimate. So the 4% is a statistic.
A parameter is something that is a fact about a whole population. For example, no matter the size of the shipment, it will only be accepted if 1% or less of all of the parts are defective. So 1% is a parameter.
So the correct answer is:
a. 4% is a statistic and 1% is a parameter
Answer:
B) Because game theory is used to study conflict and cooperation in a competitive arena.
Explanation:
Oligopoly refers to the situation when the competition is limited which means that there are very few firms competing against each other.
Game theory: Studying strategies and actions of firms in a competitive market.
<em>Economists </em>use this study to explain oligopoly because companies have their own interests, and they often take actions which are against other companies so by studying game theory they understand the situation when companies are cooperating or are in conflict.
Answer:
$ 7
Explanation:
You can solve it using Proportion
I think that's false, these questions are weird. they're vague and subjective, not objective. In some places, being critical is important, in others it's important to forgive yourself and just go with the flow. Hope this helps, Robanddawn !
Answer:
c is the answer of the question bro