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NO.1 Assuming the confidence level remains constant, what happens to the width of the confidence
interval as the sample size increases?
A. The confidence interval narrows.
B. The confidence interval widens.
C. The confidence interval remains unchanged.
D. It is not possible to determine the changes without seeing the data first.
Answer: A
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NO.2 The only grocery store in a town has recently seen its profits decrease. An executive at the
grocery store has been challenged to find a way to reverse this trend without losing significant sales.
What is a possible technique the company can use to increase its producer surplus?
A. Charge a monthly fee to its customers and lower prices for its goods
B. Raise prices for the products with the highest volumes sold
C. Raise prices on all goods sold
D. Advertise the products with the highest volumes sold
Answer: A
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CORe Exam Dumps Total Q&A: 265 Questions and Answers
Last Update: 2016-10-21
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