Explanation:
Characteristics of Carbohydrates:
Carbohydrates are chemical compounds that contain oxygen, hydrogen, and carbon atoms.
They have the general chemical formula Cn (H2O) n or are derivatives of such. ...
They contain large quantities of hydroxyl groups.
If economics deals with personal finance or how you spend, save and invest our money then it deals with public goods, defence goods or luxury goods.
Given that economics also deals with personal finance, or how you spend, save, and invest your money.
We are required to tell on which the things the money could be spent.
Money can be spend on purchasing:
- Public goods,
- Defense goods,
- luxury goods.
Public goods are those goods which are necessary goods for the survival of people.
Defense goods are those goods which a government uses in order to protect the public.
Luxury goods are those goods which are not necessary for the survival but shows personality,etc.
Hence if economics deals with personal finance or how you spend, save and invest our money then it deals with public goods, defence goods or luxury goods.
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To solve this problem, first we have to determine the z statistic. The formula is

where x is the test point which is 8.019, the mean is 8 mph, s is the standard deviation which is 3.813 and n is the number of data which is 1114. Then,

Next, we find the p-value for the particular z. p-value is used in hypothetical test. Using a wind turbine would be the null hypothesis. From the standard normal table found in any statistics book, the p-value for z<0.17 is 0.5675. If the p-value is greater than 0.05, then you do not reject the null hypothesis.
Therefore, the landowner could use a small turbine at the site.