A book publisher publishes both fiction and nonfiction books. Let F represent the number of words, per chapter for fiction books, and let N represent the number of words, per chapter for nonfiction books. The standard deviation of
the total amount S= F + N. is 195.3 words. What is the interpretation of this value?
The mean number of words per chapter will vary from book to book
On average, there are 195.3 words total in a typical chapter of either genre of book.
This publisher can expect the total number of words per chapter to vary by approximately 195.3 words from the
mean
If we combine the fiction and nonfiction books from this publisher the average number of words per chapter will
change by 1953
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1. an economy consists of three workers: larry, moe, and curly. each works 10 hours a day and can produce two services: mowing lawns and washing cars. in an hour, larry can either mow one lawn or wash one car; moe can either mow one lawn or wash two cars; and curly can either mow two lawns or wash one car. a. calculate how much of each service is produced under the following circumstances: a. all three spend all their time mowing lawns. b. all three spend all their time washing cars. c. all three spend half their time on each activity d. larry spends half of his time on each activity, while moe only washes cars and curly only mows lawns b. using your answers to part a, draw a production possibilities frontier and label points a, b, c, and d on your graph. explain why the production possibilities frontier has the shape it does. c. are any of the allocations calculated in part a inefficient? explain.