How do economists measure a nation's standard of living

1 answer:

6 0

<span>One of the main ways that economists measure a nation's standard of living is by looking at their GDP (Gross Domestic Product). Specifically they look at the GDP per capita because it shows how much the country is producing (in dollar figures) per individual. This can show both the wealth and standard of living for a country in an easily comparable form.</span>

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What equation do you get when you solve 2x+3y=12 for y? (show the process)

kiruha [24]

Answer:

Step-by-step explanation:

2x+3y=12

÷2. ÷2

X+3y= 6

÷3. ÷3

X+y= 2

6 0

3 years ago

Assume that power surges occur as a Poisson process with rate 3 per hour. These events cause damage to a computer, thus a specia

lidiya [134]

Answer:

a) 0.30327

b) 0.07582

Step-by-step explanation:

This is a Poisson distribution problem

Poisson distribution probability function is given as

P(X = x) = (e^-λ)(λˣ)/x!

where λ = mean = 3 power surges per hour

x = variable whose probability is required

a) If a single disturbance in 10 minutes will crash the computer, what is the probability of the computer crashing, that is probability of a single disturbance (power surge) in 10 minutes?

λ = 3 disturbances per hour = 1 disturbance per 20 minutes = 0.5 disturbance per 10 minutes.

P(X = x) = (e^-λ)(λˣ)/x!

λ = 0.5 disturbance per 10 minutes

x = 1 disturbance per 10 minutes

P(X = 1) = (e^-0.5)(0.5¹)/1! = (e⁻⁰•⁵)(0.5)/1!

= 0.30327

b) If two disturbances in 10 minutes will crash the computer, what is the probability of the computer crashing, that is probability of two disturbances (power surges) in 10 minutes?

λ = 3 disturbances per hour = 1 disturbance per 20 minutes = 0.5 disturbance per 10 minutes.

P(X = x) = (e^-λ)(λˣ)/x!

λ = 0.5 disturbance per 10 minutes

x = 2 disturbance per 10 minutes

P(X = 2) = (e^-0.5)(0.5²)/2! = (e⁻⁰•⁵)(0.25)/2!

= 0.07582

Hope this Helps!!!

3 0

4 years ago

A farmer plans to fence a rectangular corral. The diagonal distance from one corner of the corral to the opposite corner is five

garik1379 [7]

Answer:

Length of diagonal is 7.3 yards.

Step-by-step explanation:

Given: The diagonal distance from one corner of the corral to the opposite corner is five yards longer than the width of the corral. The length of the corral is three times the width.

To find: The length of the diagonal of the corral.

Solution: Let the width of the rectangular garden be <em>x</em> yards.

So, the length of the diagonal is $x+5$