A farmer who has fixed amounts of land and capital finds that total product is 24 for the first worker hired, 32 when two worker
1 answer:
Answer:
A. 8.
Step-by-step explanation:
The marginal product is the increase in output (units produced) resulting from employing one more worker. Therefore, the marginal product of the second worker (M2) is given by the difference between the total product with two workers and the total product with one worker.
The answer is A. 8.
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Answer:
The 99% confidence interval for the percentage of people who own a tablet computer is between 71.59% and 88.41%
Step-by-step explanation:
Confidence interval for the proportion of people who own a tablet:
In a sample with a number n of people surveyed with a probability of a success of , and a confidence level of
, we have the following confidence interval of proportions.
In which
z is the zscore that has a pvalue of .
For this problem, we have that:
99% confidence level
So , z is the value of Z that has a pvalue of
, so
.
The lower limit of this interval is:
The upper limit of this interval is:
Percentage:
Multiply the proportion by 100.
0.7159*100 = 71.59%
0.8841*100 = 88.41%
The 99% confidence interval for the percentage of people who own a tablet computer is between 71.59% and 88.41%