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Illusion [34]
2 years ago
13

If countries A and B produce only either rubber bands or paper clips, their maximum outputs are shown in the accompanying produc

tion possibilities schedules.
SAT
1 answer:
katovenus [111]2 years ago
8 0

In Country A, the opportunity cost of one paper clip is 1/2. Option C

<h3>What is opportunity cost?</h3>

The opportunity cost refers to the alternative forgone in production. It means that it is the option that is chosen in the midst of other possibilities.

We can see from the table that in Country A, the opportunity cost of one paper clip is 1/2.

Learn more about opportunity cost: brainly.com/question/13036997

#SPJ1

Missing parts

If countries A and B produce only either rubber bands or paper clips, their maximum outputs are shown in the accompanying production possibilities schedules.

In country A the opportunity cost of 1 paper clip is

A.2 rubber bands.

B.1 rubber band

C.1/2 rubber band.

D.1/4 rubber band.

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mezya [45]

Answer;

a) 0.434

b) 0.983

c) 0.367

Explanation:

The exact question with the given parameters wasn't obtained online, but the same question, albeit with different parameters is then obtained. Hopefully, this Helps to solve the complete question with the required parameters.

Antique Accents tracks their daily profits and has found that the distribution of profis is approximately normal with a mean of $17,700.00 and a standard deviation of about $900.00. Using this information, answer the following questions For full marks your answer should be accurate to at least three decimal places. Compute the probability that tomorrow's profit will be

a) less than $16,791 or greater than $18,231

b) greater than $15,783

c) between $17,997 and $20,130

Solution

This is a normal distribution problem with

Mean = μ = $17,700

Standard deviation = σ = $900

a) less than $16,791 or greater than $18,231. P(x < 16,791) or P(X > 18,231) = P(X < 16,791) + P(x > 18,231)

We first standardize 16,791 and 18,231

The standardized score for any value is the value minus the mean then divided by the standard deviation.

For 16791

z = (x - μ)/σ = (16791 - 17700)/900 = - 1.01

For 18231

z = (x - μ)/σ = (18231 - 17700)/900 = 0.59

To determine the required probability

P(X < 16,791) + P(x > 18,231) = P(z < -1.01) + P(z > 0.59)

We'll use data from the normal probability table for these probabilities

P(X < 16,791) + P(x > 18,231) = P(z < -1.01) + P(z > 0.59)

P(z < -1.01) = 0.15625

P(z > 0.59) = 1 - (z ≤ 0.59) = 1 - 0.7224 = 0.2776

P(X < 16,791) + P(x > 18,231) = P(z < -1.01) + P(z > 0.59) = 0.15625 + 0.2776 = 0.43385 = 0.434 to 3 d.p

b) greater than $15,783. P(x > 15783)

We standardize 15783

z = (x - μ)/σ = (15783 - 17700)/900 = -2.13

To determine the required probability

P(x > 15783) = P(z > -2.13)

We'll use data from the normal probability table for this probability

P(x > 15783) = P(z > -2.13) = 1 - P(z ≤ - 2.13)

= 1 - 0.01659 = 0.98341 = 0.983 to 3 d.p.

c) between $17,997 and $20,130.

P(17,997 < x < 20,130)

We first standardize 17,997 and 20,130

The standardized score for any value is the value minus the mean then divided by the standard deviation.

For 17,997

z = (x - μ)/σ = (17,997 - 17700)/900 = 0.33

For 20,130

z = (x - μ)/σ = (20,130 - 17700)/900 = 2.70

To determine the required probability

P(17,997 < x < 20,130) = P(0.33 < x < 2.70)

We'll use data from the normal probability table for these probabilities

P(17,997 < x < 20,130) = P(0.33 < x < 2.70)

= P(z < 2.70) - P(z < 0.33)

= 0.99653 - 0.62930

= 0.36723 = 0.367 to 3 d.p.

Hope this Helps!!!

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The lines above is said to support a tone of somber reflection.

<h3>What does somber means?</h3>

The term somber connote a situation when a person is said to be very sad or having a somber mood.

Conclusively, When one is having somber reflection, one is said to be in a state of been dark and gloomy as a result of an issue or an event. I shall be telling this with a sigh somewhere ages and ages simplifies sadness of some sought.

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