BEFPULSEMIN 70 75 80 82 65 75 74 73 65 67 80 72 69 81 82 83 68 73 74 76 81 64 85 65 66 62 81 82 74 71 72 76 79 80 84 85 73 68 68 67 68 75 77 72 76 78 82 67 80 76 74 77 73 74 72 76 74 81 75 70     TATISTICSSTUDENTSSURVEYFORR contains the column BEFPULSEMIN (a numerical variable that measures student pulses before completing an online survey). For education purposes, consider this dataset to be a sample of size 60 taken from a much wider population for statistics students. Use R to find a 99% confidence interval for the mean of the population. Choose the most correct (closest) statement below. a. Your confidence interval is (72.38912, 76.41088) beats per minute and it is narrower than a 90% confidence interval created from this data. b. Your confidence interval is (72.88831, 75.91169) beats per minute and is narrower than a 90% confidence interval. c. Your confidence interval is (72.88831, 75.91169) beats per minute and it is wider than a 90% confidence interval created from this data. d. Your confidence interval is (72.38912, 76.41088) beats per minute and it is wider than a 90% confidence interval created from this data.

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Utility theory

The utility theory in economics is stated based on an individual’s preferences. It explains the behavior of individuals. Depending on the assumption, people can be ranked in order of their preferences. In other words, utility means the property in an object that brings benefit, advantage, pleasure, well-being, welfare, good, or happiness.