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kodGreya [7K]
3 years ago
5

QUESTION 2 of 10: Three smoothie shops exist in your town with annual sales of $300,000; $344,000; and $412,000. What is the ave

rage of their sales?
Business
1 answer:
Goshia [24]3 years ago
6 0

Answer:

352,000

Explanation:

add up all the numbers, then you divide by 3

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Answer: \dfrac{r}{n}

Explanation:

If r is the number of successes out of n trials , then the sample proportion of success = \hat{p}=\dfrac{r}{n}

For binomial experiment , if the population probability of success p on a single trial is not given , then the best point estimate for probability of success p on a single trial is the sample proportion of successes.

i.e. a point estimate for the probability of success p on a single trial :

p=\hat{p}=\dfrac{r}{n}

Hence, a point estimate for the probability of success p on a single trial = \dfrac{r}{n}

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2 years ago
Suppose that you are a member of the Board of Governors of the Federal Reserve System. The economy is experiencing a sharp rise
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As a member of the Federal Reserve Board, in an inflationary situation I would suggest a change in the federal funds rate that would be accomplished by raising the base interest rate of the US economy. This would make bonds more attractive and people would stop consuming to invest in public debt securities. In addition, raising interest rates would discourage credit, causing banks to lend less. Since inflation is a monetary phenomenon caused by the excess of currency in circulation, these measures would have a downward effect on inflation, as they reduce the amount of money in circulation in the economy.

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