Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose that Lucia is a diligent hard-working second-year college student. One Sunday, she decides to start the day by working through 300 practice problems
Suppose that Lucia is a diligent hard-working second-year college student. One Sunday, she decides to start the day by working through 300 practice problems to study for the econometrics class. Using a table to track her progress throughout the day, she notices that as the hours pass, it takes her longer to solve the problems. Time 7:00 AM Total Problems Solved 0 8:00 AM 120 9:00 AM 210 10:00 AM 270 11:00 AM 300 Use the table to answer the following questions. The marginal, or additional, gain from Riley's second hour spent working, from 8:00 AM to 9:00 AM, is problems. The marginal gain from Riley's fourth hour spent working, from 10:00 AM to 11:00 AM, is [ problems. The following week, Riley's econometrics faculty advisor gives her some advice. In all their years of teaching they claim to observe that working on 105 multiple choice questions boosts a student's test score by about the same amount as spending an hour reviewing lecture notes. For simplicity, assume students are able to review lecture notes at a constant pace during each hour spent studying. Given this information, in order to use her 4 hours of time spent studying to get the highest possible test score, how many hours should she have spent solving multiple choice problems, and how many hours should she have spent reviewing lecture notes? 0 hours working on problems, 4 hours reading 1 hour working on problems, 3 hours reading 3 hours working on problems, 1 hour reading 4 hours working on problems, 0 hours reading
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To solve the questions we need to calculate the marginal gain in problemsolving each hour and then d...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started