Given that the ages of 5 students in a class are: 22, 20, 22, 24, 19. There is an equal probability of selecting one of them randomly. We are to determine the expected age of a student to be selected randomly.
The expected value (or mean) is calculated using the formula;
Expected value = (Sum of (Value x Probability))
For each age, the probability of selecting it is 1/5, since there are 5 students to select from. Therefore:
Probability of selecting age 19: 1/5
Probability of selecting age 20: 1/5
Probability of selecting age 22: 2/5
Probability of selecting age 24: 1/5
Now, expected value= 1/5(19) + 1/5(20) + 2/5(22) + 1/5(24)
Expected value= 104/5
Expected value= 20.8
Therefore, the expected age of a student to be selected randomly is 20.8.
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what is a table in economics and state 5 characteristics of a table
A table is a systematic arrangement of data implementing columns and rows to display information which make it easier for better understanding.
Table number: A table should always be numbered for easy identification
Title of the table
Stubs: These refer to the headings of horizontal rows.
Captions: these refer to the headings of vertical columns
Clear, to the point and a suitable font/ size for the text. Information must be inserted in the same format into the appropriate cells
Each account that is used can be classified as an asset. True or False
Answer: I believe your answer will be TRUE.
Your credit card has a credit limit of $1,000. Your credit card company reviews your credit line every 6 months.
The time it will take to increase the limit to $1,600 is 2.5 years, when the credit card has a credit limit of $1,000.
What is a credit card?A credit card is a payment card issued to users or cardholders to enable the cardholder to pay a merchant for goods and services based on the cardholder's accrued debt that is promised to the card issuer to pay them for the amounts plus the other agreed charges. The card issuer usually a bank or credit union creates a revolving account and grants a line of credit to the cardholder, from which the cardholder can borrow money for payment to a merchant or as a cash advance.
A credit card is different from a debit card.
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Your question was incomplete, your full question probably was:
Your credit card has a credit limit of $1,000. Your credit card company reviews your credit line every 6 months. They will not increase your credit line more than 10% each 6-month period. Assuming they increase your limit each 6-month period by 10%, how long will it take to increase your limit to $1,600?
Arrange the following revenues in the federal government, from greatest to
least.
Drag each item to put them in the correct order.
(2 points)
= excise taxes
= Social Security and Medicare taxes
= corporate income taxes
= individual income taxes
= customs duties
= miscellaneous revenue
Define a Small Scale Enterprise as per ‘MSMED Act, 2006’.
Explanation:
the Government of India has in acted, small and medium enterprises development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is an enterprise where the investment in plant and machinery is more than rate 25 lakh but does not exceed rate.
Please help
4. In which type of economy is a business owner most likely to benefit from free enterprise?
Answer:
In which type of economy is a business owner most likely to benefit from free enterprise? (1 point) In a market economy because there is lots of competition and not much take back from the government. This economy is ideal for a free enterprise.
kertas, inc. produces paper and office supplies and uses the just-in-time inventory system. currently, the company is using variable costing. which of the following is true of the effect of costing systems on the financial results of kertas?
The following is true of the effect of costing systems on the financial results of kertas: Its operating income will be significantly lower if the company uses absorption costing instead of variable costing. The correct option is A.
Under variable costing, only variable manufacturing costs are included in the cost of goods sold. Fixed manufacturing overhead costs are expensed as period costs in the period they are incurred. On the other hand, absorption costing includes both variable and fixed manufacturing costs in the cost of goods sold.
As a result, under absorption costing, the cost of goods sold is higher, and the operating income is lower compared to variable costing.
In the case of Kertas Inc., which uses just-in-time inventory system, the company likely has low inventory levels and a high level of fixed manufacturing overhead costs, which will be expensed under variable costing.
As a result, if the company switches to absorption costing, the fixed manufacturing overhead costs will be included in the cost of goods sold, and the operating income will be lower. Therefore, option 2 is the correct answer.
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Kertas Inc. produces paper and office supplies and uses the just-in-time inventory system. Currently, the company is using variable costing. Which of the following is true of the effect of costing systems on the financial results of Kertas?
A. Its operating income will be significantly higher if the company uses absorption costing instead of variable costing.
B. Its operating income will be significantly lower if the company uses absorption costing instead of variable costing.
C. Its operating income will be negative if the company uses absorption costing instead of variable costing.
D. Its operating income will vary a little if the company uses absorption costing instead of variable costing.
Which of the following is not a life role category?
O Risk Taker
O Worker
O Family Member
O Learner
Risk Taker is not a life role category.
A life role is a set of expectations, behaviors and attitudes that a society assigns to a person based on their gender, age, social status, race or other factors. For example, in many cultures women are expected to be loving, nurturing and care-givers, while men are expected to be strong, provider-types.
Life roles help to define how we see ourselves and how we are seen by others. They can be a source of satisfaction and fulfilment, but they can also be a source of stress and frustration if they do not fit with our own personal aspirations and identity.
Hence, the correct option is "First".
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What would happen in the beef market if the price of chicken goes down (beef and chicken are considered substitutes by the consumer)?
Demand ( + , - , 0 )
Supply ( + , - , 0 )
Equilibrium Price ( + , - , 0 )
Equilibrium Quantity Exchanged ( + , - , 0 )
Determinant (1-13)
5 points
If the price of chicken goes down, the demand for beef would decrease.
This is because beef and chicken are considered substitutes by the consumer, so if the price of chicken decreases, people would likely switch to buying more chicken instead of beef. Therefore, the demand curve for beef would shift to the left (decrease) as a determinant of demand (specifically, the price of a related good) changes.
As a result of the decrease in demand, the equilibrium price and quantity of beef would both decrease. The decrease in demand would cause a surplus of beef, as producers would be supplying more beef than consumers are willing to buy at the higher price. In order to get rid of the surplus, producers would have to lower the price of beef, which would lead to a new equilibrium price and quantity.
To summarize:
- Demand: Decreases (-)
- Supply: No change (0)
- Equilibrium Price: Decreases (-)
- Equilibrium Quantity Exchanged: Decreases (-)
- Determinant: Price of a related good (chicken) (specifically, a substitute good) (13)
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In a command economy, decisions about which goods are produced are based on:
A) what goods are most likely to seek in international markets
B) what the government decides is important for society
C) what the local community has made for generations
D) what businesses believe will generate the most profits
Answer:
B)
Explanation:
Answer: B) what the government decides is important for society
write about the necessary ports and instruments for preparing donat
Many necessary instruments and ports are required to prepare donuts. A mixing bowl is first and foremost required for mixing the contents. For rolling out the dough, you also need a flat surface and a rolling pin.
What are donuts?Donuts, sometimes known as doughnuts, are a type of fried pastry that are normally created with a combination of flour, sugar, yeast, milk, or water. The dough is shaped into a ring, which is deep-fried until the outside is crispy and golden brown.
The donut forms must be cut out with a circular cutter, and the donuts must be fried in a deep fryer or a sizable pot. The fried donuts must also be removed from the oil using a slotted spoon, and any leftover oil must be drained using a dish lined with paper towels. Next, you can decorate and flavor the doughnuts by adding toppings like icing, sprinkles, or powdered sugar.
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Clubs, organizations, and CTSOs can help you narrow down what you want to do with the rest of your life.
True
False
Answer:
True
Explanation:
They lead to new experiences and if you like an experience maybe you'll like to do more of it in the future
What is the purpose of international trade and how does it help the countries involved in it?
Answer:
the trade without border is
international trade.it purposes to share goods ,ideas,resources, etc.
it helps country in the time of need.
Answer:
Global trade makes it possible for people living in one country to use products from another country, allowing them to benefit from products that are not domestically produced. If a country is endowed with abundant labor or favorable climatic conditions, it has an advantage over the nations that do not have them. It makes economic sense to produce and export goods that other countries cannot produce as cheaply. This way, the exporters can increase sales with foreign commerce and strengthen their country’s economy, while earning profits at the individual level. It also helps strengthen the foreign currency reserves of the country.
International trade is a key driver in regulating foreign currency rates. Global trade helps balance a country’s cyclical pattern of trade deficit and surplus. When a country’s currency is strong, its imports tend to exceed its exports, thus creating a trade deficit for the importer. This situation leads to the exporter country’s currency strengthening and the importer’s currency eventually weakening. Over time, a role reversal happens with exports overtaking imports, thus strengthening the exporter’s currency and creating a trade surplus for the importer. Many other factors influence this cycle too, for example, product cost inflation and interest rates. Global trade removes boundaries and makes the whole world into a single marketplace, and that can work to the benefit of all the participating partners.
Explanation:
PLATO answer!
Lindor inc.'s $100 par value preferred stock pays a dividend fixed at 8% of par. to earn 12% on an investment in this stock, you need to purchase the shares at a per share price of
Answer: $66.67
Explanation:
Lindor inc.'s $100 par value preferred stock pays a dividend fixed at 8% of par. to earn 12% on an investment in this stock, you need to purchase the shares at a per share price of ;
Given the following :
Par value of preferred stock = $100
Fixed Dividend rate = 8% of par
Expected return on investment (r) = 12%
Purchase price of this stock in other to earn 12% :
Per share price is given by:
(par value × Dividend rate) / expected return
($100 * 0.08) / 0.12
$8 / 0.12 = $66.6666
= $66.67
Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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Explain one disadvantage to a sole trader of having unlimited liability
How is a debit card different from a credit card?
A. A debit card is usually issued by a financial institution.
B. A debit card provides a way for people to make large purchases.
C. Spending on a debit card is limited to the funds available in an
account.
D. Spending can occur via a digital payment method.
Answer:
C
Explanation:
because thats wat ist is.- limited funds
With externalities, third parties only reap the benefit and not the cost of something for which they did not pay. true or false
The statement is false because, with externalities, third parties can experience both the benefits and the costs of something for which they did not pay.
Externalities are the unintended positive or negative consequences of an economic activity that affects third parties who are not directly involved in the transaction. A positive externality occurs when third parties benefit from the economic activity, such as the beautification of a public space by a nearby business.
A negative externality occurs when third parties bear the costs of the economic activity, such as pollution from a factory affecting nearby residents' health.
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When the government changes either its spending or tax policy to pursue economic objectives, it has changed its1.fiscal policy.2.contractionary policy.3.political policy.4.monetary policy.5.expansionary policy.6.financial policy.
When the government changes either its spending or tax policy to pursue economic objectives, it has changed its fiscal policy .
The use of spending and tax policies by the government to affect the economy is referred to as fiscal policy. To accomplish certain economic goals like fostering growth, containing inflation, or decreasing the budget deficit, the government may alter its tax or spending practises.
Fiscal measures known as "contractionary policies" aim to slow down inflation and economic development by raising taxes or cutting down on government expenditure.
A government's policies or programmes that are designed to accomplish particular political or social objectives are referred to as political policies.
In order to accomplish macroeconomic objectives like low inflation, full employment, and steady economic development, a central bank must manage the money supply and regulate interest rates.
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A signature or stamp on the back of a check transferring ownership.
answer choices
O endorsement
O code of conduct
O bank statement
O debit card
An endorsement is a stamp or signature that transfers ownership on the reverse of a check. The right response in this case is option A.
When a check is endorsed, it means that the person signing the back of the check is giving permission for the check to be cashed or deposited.
An endorsement on a check is a signature or stamp on the back of the check that transfers ownership of the check to another person or entity. This signature signifies that the person endorsing the check is authorizing the check to be cashed or deposited.
When a check is written, it is made payable to a specific person or entity. In order for that check to be cashed or deposited, it must be endorsed by the person or entity to whom it is payable. This is done by signing the back of the check. This signature is called an endorsement.
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Brooklyn is paid biweekly. Her annual salary is $63,700. What is her biweekly gross pay?
Brooklyn's biweekly gross pay, given the amount that she is paid annually, is $ 2, 450
How to find the biweekly gross pay?A person's biweekly gross pay is the amount that they are paid every 2 weeks that is not adjusted for taxes and other deductions.
In a year, the number of two week periods are :
= Number of weeks / 2
= 52 / 2
= 26 biweekly periods
The biweekly salary of Brooklyn is therefore :
= Annual salary / number of biweekly periods
= 63, 700 / 26
= $ 2, 450
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Investing activities are affected by changes in current liabilities. O changes in long-term assets. O changes in current assets. O changes in equity accounts.
Investing activities are not affected by changes in current liabilities. Instead, they are affected by changes in long-term assets. Investing activities is a section of the statement of cash flows that shows the cash inflows and outflows from purchasing and selling long-term assets like property, plant, and equipment. What are investing activities?
Investing activities involve the purchase and sale of long-term assets such as property, plant, and equipment. Investing activities also include buying and selling long-term investments, such as stocks and bonds, as well as lending money and collecting on the loans.
Investing activities are part of the statement of cash flows, which is one of the three main financial statements of a company.
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The ovaries in human females and the testes in human males are glands that produce hormones as part of the endocrine system. what function is the endocrine system primarily supporting through these glands and hormones?
The endocrine system primarily supports the function of regulating and controlling various bodily processes through the production and secretion of hormones by glands such as the ovaries and testes in humans.
The endocrine system is responsible for maintaining homeostasis and coordinating the activities of different organs and systems in the body. The ovaries in females and testes in males produce hormones such as estrogen, progesterone, and testosterone, which play vital roles in reproductive development and function. These hormones regulate the growth, development, and maturation of reproductive organs, as well as the secondary sexual characteristics in males and females.
They also play a role in regulating the menstrual cycle, sperm production, and other aspects of reproductive health. Therefore, the endocrine system, through these glands and hormones, primarily supports the reproductive functions and processes in human beings.
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Differentiate between electricity geyser and gas geyser
An annual report promotes an open
line of ____
for all those
invested in a company.
A. capital
B. liability
C. communication
Answer:
I woulod say c
Explanation:
it makes the most sense
if the proposed regional comprehensive economic partnership (rcep) is achieved, it will rival the european union (eu) when measured by the number of countries involved and their combined gross domestic product (gdp). the eu is an example of a(n)
As per the given statement, the European Union is an example of economic union. Hence, Option C is correct.
What is economic union?An economic union is an arrangement between two or more countries that permits unrestricted trade in commodities, services, money, and labour. To foster this unified market, the nations may also coordinate their social and financial policies. One illustration of an economic union is the European Union (EU).
When it comes to the number of participating nations and their combined gross domestic product, the proposed Regional Comprehensive Economic Partnership will rival the European Union.
Therefore, Option C is correct.
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The complete question has been attached in text form:
If the proposed Regional Comprehensive Economic Partnership (RCEP) is achieved, it will rival the European Union (EU) when measured by the number of countries involved and their combined gross domestic product (GDP). The EU is an example of a(n)
A.) CUSTOM UNIONS
B.) FREE TRADE AREA
C.) ECONOMIC UNION
D.) POLITICAL UNION
E.) COMMON MARKET
becky fenton has 25/50/25 automobile insurance coverage. if two other people are awarded $40,000 each for injuries in an auto accident in which becky was judged at fault, how much of this judgment would the insurance cover?
From this judgment, the maximum amount that the automobile insurance will cover is $50.000
What is automobile insurance coverage?A plan to cover anything that has to do with our automobile whether we operate the automobile or not. It covers property damage that cause by our automobile, liability when we crash into another person's automobile, damage / theft to our automobile, and medical if we are getting into an accident and we need to be hospitalized.
First, let's try to understand about 25/50/25 automobile insurance coverage means.
25 - stands for $25.000. This is your maximum coverage for bodily injury liability for one person injured in one accident or incident.
50 - the second number, 50, stands for $50.000. This is your maximum coverage for bodily injury liability for all persons injured in one accident or incident.
25 - the last number, 25, stands for $25.000. This is your maximum coverage for property damage liability in an accident that you caused.
From here, it means the insurance will only cover $25.000 for each person and $50.000 for all injured person.
As we can see from the question, the awarded amount for two people is $40.000 each for injuries in auto accident, it means $80.000 in total.
So, the insurance will only cover $50.000, and the rest $30.000 will be paid by Becky Fenton.
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Suppose that you start off in long run equilibrium, where LRAS, SR, and AD meet altogether in one point. Explain what happens to price, real GDP, inflation, and unemployment in each of the following cases:
(a) The interest rate falls;
(b) Wage rate temporarily falls;
(c) The dollar appreciates relative to foreign currencies;
(d) Businesses temporarily expect higher resource prices in the future;
(e) Business taxes rise
(a) When the interest rate falls, it stimulates borrowing and investment, leading to an increase in aggregate demand (AD). As a result, both price levels and real GDP will rise. The increase in aggregate demand will lead to upward pressure on prices, causing inflation to increase. With increased investment and economic activity, unemployment is likely to decrease as businesses expand and create more job opportunities.
(b) If the wage rate temporarily falls, businesses' production costs decrease, leading to a decrease in their marginal cost (MC) and an increase in short-run aggregate supply (SRAS). As a result, both price levels and real GDP will increase. With lower production costs, businesses can lower their prices, which can lead to a decrease in inflation. However, the impact on unemployment depends on the elasticity of labor supply. If the wage decrease leads to a significant increase in labor supply, it could lead to an increase in employment and a decrease in unemployment.
(c) When the dollar appreciates relative to foreign currencies, it makes imports relatively cheaper and exports relatively more expensive. This leads to a decrease in net exports, reducing aggregate demand (AD). As a result, both price levels and real GDP will decrease. With decreased aggregate demand, inflation is likely to decrease. The decrease in economic activity can also lead to an increase in unemployment as businesses may reduce production and cut jobs.
(d) If businesses temporarily expect higher resource prices in the future, it can lead to an increase in their costs of production. This will result in a decrease in short-run aggregate supply (SRAS), leading to higher price levels and lower real GDP. With higher production costs, businesses may pass on the cost increases to consumers, leading to higher inflation. The impact on unemployment depends on the extent to which businesses adjust their production and hiring plans in response to the expected higher resource prices.
(e) When business taxes rise, it increases the cost of production for businesses. This leads to a decrease in short-run aggregate supply (SRAS), causing price levels to increase and real GDP to decrease. Higher production costs can lead to higher inflation as businesses pass on the tax burden to consumers. The increase in production costs may also result in businesses reducing their output and cutting jobs, leading to an increase in unemployment.
It's important to note that these are simplified explanations and the actual impact of these factors can be influenced by various other economic conditions and factors. Additionally, the magnitude and duration of the effects can vary depending on the specific circumstances and the overall state of the economy.
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Owen is an hourly employee, and the line that models his total pay in dollars
as it relates to the number of hours he has worked has a slope of 25 and a y
intercept of 15. Which statement is true?
It is accurate to say this.
Owen makes $25 per hour, and it seems like he also got a $15 signing bonus.
How can I figure out a line's slope?Find the coordinates of each of the two locations you choose along the line. The y-coordinates of these two locations should be distinguished (rise). The difference between these two places' x-coordinates should be determined (run). Divided by the difference in x-coordinates (rise/run or slope), the difference in y-coordinates is determined.
What distinguishes salaried workers from hourly workers?Based on their total income, salaried employees typically receive the same amount each pay week. On the other hand, an hourly employee receives a defined wage for each hour that they work. For instance, if they work eight hours a day at $20 an hour, they would make $160 that day (before taxes).
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A company is a devout follower of Confucian ethics. Hence, it hires people who live by similar principles. What is most likely to be a characteristic of this company?
The most likely characteristic of this company, which is a devout follower of Confucian ethics is : not blind loyalty
What is loyalty?Loyalty is the act of choosing one company's products and services consistently over their competitors. It means that one would stick to a company's product no matter what is being offered by others.
Here, the company is not blind by loyalty because it has a principle. The principle is that whosoever live by their principle will be hired irrespective of whether they are loyal to the company or not.
Hence, the most likely characteristic of this company, which is a devout follower of Confucian ethics is not blind loyalty.
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