Lucky Products markets two computer games: Predator and Runway. A contribution format income statement for a recent month for th
1 answer:
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Answer:
$95.45%
Explanation:
The computation of the probability of getting a return between -28% and 64% in any one year is shown below:-
Particulars Percentage
Total probability 100%
Less:
Probability that return will be lower
than -28% 2.28%
1- (NORMDIST (-28%,18%,23%,TRUE)
Probability that return will be More
than 64% 2.28%
(NORMDIST (64%,18%,23%,TRUE)
Probability of getting a return between
-28% and 64% $95.45%
Answer:
lower per capita real gross domestic product (GDP) growth rates allow for less spending on automobiles.
Explanation:
Gross Domestic Products (GDP) is a measure of the total market value of all finished goods and services made within a country during a specific period.
Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.
Generally, the Gross Domestic Products (GDP) of a country's economy gives an insight to the social well-being of the country, such as;
Adjusting the Real gross domestic product (Real GDP) for price level changes by using a price index. This simply means, Real GDP is adjusted for inflation to measure the value of goods and services produced by a country in a specific period of time.
Mathematically,
Hence, residents of poor countries tend to have fewer automobiles per capita because lower per capita real gross domestic product (GDP) growth rates allow for less spending on automobiles.