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beks73 [17]
2 years ago
7

Which factor of production would be considered?

Social Studies
1 answer:
kirill115 [55]2 years ago
8 0

Answer:The factors of production are the inputs used to produce a good or service in order to produce income. Economists define four factors of production: land, labor, capital and entrepreneurship. These can be considered the building blocks of an economy.

Explanation: i no it

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A simple random sample of 10 observations was taken from a large normal population. the sample mean and the population standard
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What we are looking for is the confidence interval.

Given:

Sample it is denoted by n = 10 

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Confidence Interval = 99%


Now compute for the margin of error, the formula is Za/2 * σ/√(n)


A 99% level of confidence has a critical value of zα/2 = 2.58.


The standard error is σ/√(n) = 3.162


Multiply 2.58 by 3.162 = 9.8 is the margin of error.


The formula for confidence interval is x̅ ± Za/2 * σ/√(n)

= 80 ± 9.8

= 70.2 < x< 89.8
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