What percent of the data is between 25 and 30 on the number line?.
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When the price is at $42 per keyboard, there is a surplus in the market. At $42, there is a surplus of 300 units of keyboards in the market. The pressure is downward. When demand is low, there is a pressure for the prices to be reduced.
<h3>What is the market situation at $18?</h3>At $18, there is a shortage of 200 keyboards. The pressure is upwards. Basic demand and supply indicates that when the demand is above the equilibrium point, the pressure for price to increase is high.
It is to be noted that the equilibrium point is the basis for the above rationalization. The equilibrium point is the price-point at which demand equals supply.
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Full Question:
The following graph shows the monthly demand and supply curves in the market for keyboards.
A) Use the graph input tool to help you answer the following questions. Enter an amount into the Price field to see the quantity demanded and quantity supplied at that price.
B) The equilibrium price in this market is ________ per keyboard, and the equilibrium quantity is ____________ keyboards bought and sold per month.
Complete the following table by indicating at each price whether there is a shortage or surplus in the market, the amount of that shortage or surplus, and whether this places upward or downward pressure on prices.
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There are different variations in population size. The best reason why the simulation of the sampling distribution is not approximately normal is that The sample size was not sufficiently large.
<h3>What takes place if a sample size is not big enough? </h3>- When a sample size taken by a person or a researcher is not big or inadequate for the alpha level and also analyses that one have chosen to do, it will limit the study statistical power.
Due to the above, the ability to know a statistical effect in one's sample if the effect are present in the population is greatly reduces.
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Which of the following would be the best reason why the simulation of the sampling distribution is not approximately normal?
A The samples were not selected at random.
B The sample size was not sufficiently large.
с The population distribution was approximately normal.
D The samples were selected without replacement.
E The sample means were less than the population mean.
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