Decision-Making at the Margin
aka-thinking at the margin or cost/benefit analysis - the decision to add/subtract one unit.
Below is your custom Decision-Making at the Margin table.
Use: Figure 1.3 from the textbook as an example.
Options:
Benefit
Opportunity Cost
Answer (2)
p = 28 + 62 + 33 33 gives the result in decimals. If you want percents, you could multiply the result by 100.
To find the probability that a geometry student is in the 11th grade, we divide the number of 11th-grade geometry students by the total number of geometry students. For example, if there are 33 geometry students in 11th grade out of a total of 145 geometry students, the probability is approximately 0.227 or 22.7%.
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