(Critical Thinking – Answer must contain 2+ sentences for full credit)   Why do you suppose that U.S. GDP is so much higher today than 50 or 100 years ago?

The table shows information on the conditions of demand and supply for designer purses, where the quantity of designer purses is measured in thousands.   For each price, select the correct category and calculate the shortage/surplus (if any).   Price Quantity Demanded Quantity Supplied $700 490 420 $900 450 450 $1,100 400 520 $1,300 320 650   $700: [ans1] of [ans2] $900: [ans3] of [ans4] $1,100: [ans5] of [ans6] $1,300: [ans7] of [ans8]

Table: Wheat and Corn   If prices in 2008 are used to calculate real GDP, what was the real GDP in 2005 and 2006? Real GDP in 2005: $[ans2] million Real GDP in 2006: $[ans3] million

A tractor is an example of:

GDP in the United States was $14,119 billion in 2014 and grew to $14,660.4 billion in 2015. This represents an annual growth rate of:

Calculate the dollar amount of consumer surplus being earned in this market when the price is $30 and there are 30 units consumed.

A frequency Distribution presents the number of adults aged 15-44 who watched the movie “Inside Out 2” at a local theater.  Age  Frequency 15-19 5 20-24 25 25-29 21 30-34 12 35-39 9 40-44 28 no need to round any of the following answers a. List the lower class limits in increasing order [a] (separate with a comma) b. What is the class width? [b] c. What is the class midpoint for class [30- 34] [c] d. How many adults were there in this study? [samplesize]

Given the Frequency Distribution Table. Answer the following parts a-c.    Class  Class Midpoints Frequency 0-10 5 6 11-20 15 9 21-30 25 7 a. The sum( ∑ ) of the frequencies is [22] b. The sum( ∑)  of the product of midpoints and frequencies is [340]  (“Product of” means the “multiplication of” so the product of a and b means axb) c. The mean of the table is [15p45] (rounded to two decimal places)

The ages of participants in a video game tournament follow a normal distribution with a mean of 25 years and a standard deviation of 4 years. Find the age (the data value) that corresponds to a z-score of 1.8.   (round to one decimal place as needed)

a. In a survey, participants were asked to rate their satisfaction level with a product on a scale of 1 to 5. This variable is [ordinal].   b. A statistician recorded the type of cars that students drove to campus. This variable is [nominal].   c. A study collected data on the number of pets each student in a class has. This variable is [discrete].