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Answer:
The budget line will remain unchanged.
Step-by-step explanation:
A budget line helps in showing the possible combinations of two commodities.
We can find the slope of the budget line that is also called the price ratio between two things. If we get a straight line, we say the slope is constant.
Here in the question its given that the initial constraints are (3,15) with initial income of $60. Then the price increases and constraints become (6,30) with an increase in income up to $120.
Therefore, the budget line will not be affected and remain unchanged as each constraint is doubling and the slope will be constant.
Answer:
Yes this statement is true because 0/3 is 0
Answer:
d. ( 63.9, 66.7)
Therefore at 90% confidence interval (a,b) = ( 63.9, 66.7)
Step-by-step explanation:
Confidence interval can be defined as a range of values so defined that there is a specified probability that the value of a parameter lies within it.
The confidence interval of a statistical data can be written as.
x+/-zr/√n
Given that;
Mean x = 65.3
Standard deviation r = 5.2
Number of samples n = 36
Confidence interval = 90%
z(at 90% confidence) = 1.645
Substituting the values we have;
65.3+/-1.645(5.2/√36)
65.3+/-1.645(0.866667)
65.3+/-1.42567
65.3+/-1.4
= ( 63.9, 66.7)
Therefore at 90% confidence interval (a,b) = ( 63.9, 66.7)
