Answer:
(22.74,24.06) is the required 95% confidence interval for the population mean ACT score of University of Oklahoma students.
Step-by-step explanation:
We are given the following in the question:
Sample size, n = 121
Sample mean = 23.4
Sample standard deviation = 3.65
Level of significance = 0.05
Degree of freedom
95% Confidence interval:
Calculation of critical value:
Putting the values, we get,
(22.74,24.06) is the required 95% confidence interval for the population mean ACT score of University of Oklahoma students.
The answer is "electors from each state who cast ballots for president and vice president."
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The number of bows that Penny makes per hour and the price the firm sells at shows that the value of the marginal product is $24.95 per hour.
The highest wage the firm will pay is $24.95 per hour.
<h3>What is the value of Penny's marginal product?</h3>
This can be found by the formula:
= Price x Marginal product of Penny
= 4.99 x 5
= $24.95 per hour
The highest wage the firm can pay would be the wage amount that equals their marginal revenue as this is the only way they can maximize profit.
Their marginal revenue in this case is the $24.95 per hour that they pay to Penny so this will be their highest wage to her as well.
Find out more on profit maximization at brainly.com/question/13749309.
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Answer:
i think its 2 1
Step-by-step explanation:
