The mean is the average.
Add the 4 prices together and then divide by 4.
1.25 + 1.45 + 1.10 + 1.32 = $5.12
5.12 / 4 = 1.28
The mean price is $1.28
A.) VCR
VCRs are considered a e-waste.
The correct answer is Overconfidence bias
Explanation:
Overconfidence bias is the result of an excessive and unrealistic estimation of one's skills, knowledge, ideas, etc even to the point the individual considers himself better than others or does not have an objective perception about himself. This type of bias can lead to negative consequences, for example, by overestimating his ability to pass a test a student might choose not to study at all and then fail the test. Moreover, this can be avoided by assessing realistically one's skills, judgments, etc. According to this, the type of bias that can be avoided is overconfidence bias.
Answer:
-Income of buyers
-Consumer expectation
-Taste of consumers
-Price of the goods or services
-Price of related goods or services
Explanation:
Income of buyers: When there is a rise in income of buyer then demand would increase. Also when there is a fall in buyer's income, demand would decrease.
Consumer expectation: If consumers perceive that there would likely be an amount increase in price of certain commodities then demand for such commodities would increase now.
Taste of consumers: If the taste, preference or emotions of buyers changes in favour of a product then there would be increase in demand for such product and vice versa.
Price of the goods or services: The higher the price of a product, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
Price of related goods or services: When there is an increase in the price of goods that are related, demand for the goods with lower price will increase
An example of frivolous lawsuits would be when overweight people file suit against manufacturers, distributors or sellers of food products, charging these parties with responsibility for their obesity.
Explanation:
- This does not have serious purpose or view
- The mistake or the complaint cannot be proved
- There is a little possibility of winning but most of the cases people fail to win
- There is no legal merit given to this
- There are so many examples, where people complaint without any valid proof or with the things where they cannot bring proof
- The complaints are not even facts
So, frivolous lawsuits are associated with complaints which cannot be proved.
