Answer:
B. They like Donna and Faith’s values, Emilio’s experience, and Abby’s abilities.
Answer:
Explanation:
B. They like Donna and Faith’s values, Emilio’s experience, and Abby’s abilities.
b. The oil should be changed a total of 3 times during the 30-week season.
c. The oil should be changed a total of 6 times during the 30-week season.
d. The oil should be changed a total of 10 times during the 30-week season.
B.)Progressive
C.)Proportional
D.)Regressive
Answer:
EV = $-0.125
For one game, the outcome cannot be predicted, even though you are more likely to lose money.
For 100 games, you are expected to lose about $12.50
Explanation:
Expected value is the sum of the product of all possible outcomes by their payouts. In this case, there are only 2 possible outcomes. You either win by tossing 3 three heads with three coins or lose.
The probability of winning (P(w)) is:
Therefore, the probability of losing (P(l)) is:
The expected value (EV) for the game is:
For one game, the outcome cannot be predicted, even though you are more likely to lose money than win. As for 100 games, since the expected value is negative, you are expected to lose money (about $12.50).
The expected value of the game, where you win $6 if you get three heads on three coin tosses and lose $1 otherwise, is -$0.62. This indicates that you will lose, on average, about 62 cents per game, making it an unwise game to play if the aim is to win money.
The subject of this question is the expected value concept in mathematics, specifically in probability theory. To calculate the expected value of the game, you need to multiply the probability of winning by the amount won and subtract the product of the losing probability and the amount lost. In this case, you are given 6 to 1 odds against tossing three heads with three coins, meaning you win $6 if you succeed and you lose $1 if you fail.
The possible outcomes when tossing three coins are: 3 heads, 2 heads-1 tail, 1 head-2 tails, or 3 tails. Each of these outcomes has an equal probability of 1/8 or 0.125 because there are 8 possible outcomes. The only way to win the game is to get 3 heads, so the probability of winning is 0.125 and the probability of losing is 1 - 0.125 = 0.875.
To calculate the expected value, multiply the probability and the respective payoff (gain or loss). Therefore it is: Expected Value = (0.125) * ($6) - (0.875) * ($1) = -$0.62. This means that on average, you'll lose about 62 cents per game, so it would not be a good idea to play this game if the goal is to make money.
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Answer:
The correct answer is option c.
Explanation:
Because of a hurricane, there is a sense of pessimism among the consumers regarding their future incomes. This sense of pessimism would cause consumers to reduce their spending and save money for the future.
This causes the consumption expenditure to decline. This reduction in the consumption expenditure will cause the aggregate demand to decrease as well. This will cause the aggregate demand curve to move to the left.
This leftward shift in the aggregate demand curve will further cause the equilibrium price and quantity to decline.
Increased pessimism about future income levels (prompted by events like Hurricane Katrina) leads to a shift to left in the aggregate demand curve, leading to a lower real GDP and lower price level. However, in the long run, these shifts only temporarily impact output and unemployment, as the real GDP is determined by potential GDP and aggregate supply.
In response to increased pessimism about future income, often prompted by events like Hurricane Katrina, the aggregate demand curve in the economy would shift to the left, option c. This is mainly due to decreased consumer spending which results in a lower real GDP and a lower price level.
This movement can occur in the aggregate supply curve's relatively flat or relatively steep portion, which determines the overall changes in output and price level. Ultimately though, in the long run, shifts like these in aggregate demand have a short-run impact on output and unemployment. The long-run size of real GDP is determined by potential GDP and aggregate supply when wages and prices are flexible.
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Answer: A. Depository institutions earn money from what customers put into the institution.
Explanation:
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b) false
Answer:
a) true
Explanation:
Internal control system is the whole system of control financial and otherwise established by management in order to carry on the business of the enterprise in an efficient and orderly manner and to secure the integrity of the records and books of accounts.
The internal control is a management control tools used to ensure efficiency in operations.