Answer:
We do not have enough information to answer this question.
Explanation:
The price elasticity of demand measure the elasticity of anything when there is a change in the quantity demanded of that thing relative to the percentage change in price of it.
The formula for Price elasticity of demand is,
=> Percentage change in QTY demanded / Percentage change in price.
Hence it can be concluded that although we have the change in price but we do not have the quantity mentioned in the question anywhere.
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Answer:
$857
Explanation:
Calculation for the present value
Using this formula
Present value = FV / (1+ r)^ n
Let plug in the formula
Present value= 1,000 / (1+.08)^2
Present value= 1,000 / (1.08)^2
Present value= 857.34
Present value=$857 (Approximately)
Therefore the Present value is $857
Answer:
the net cost for delaying the project will be of 36,120 dollars.
Explanation:
4,300,000 investment
if delayed will increase by 9%
4,300,000 x 0.09 = 387,000 inrease in cost
this cost will be mitigated by the revenue on the interest.
the funds will be placed at 4% per year during two years:
4,300,000 x (1.04^2 - 1) = 350.880 interest revenue
net : 36,120
Answer:
True.
Explanation:
ISO 9000 is a certification program attesting that a factory, laboratory, or office has met the rigorous requirements set by the International Organization for Standardization.
Basically, the ISO 9000 is a tripartite continuous process that involves planning, controlling and documentation of quality in a business firm or organization.
This ultimately implies that, the ISO 9000 is a set of standards that typically guides an organization in ensuring that they meet both the stakeholders and consumer requirements or needs with respect to their products and services under statutory and regulatory requirements at a specific period of time.
The 95% confidence interval will be wider than the 90% confidence interval.
In statistics, the likelihood that a population parameter will fall between a set of values for a certain percentage of the time is referred to as a confidence interval. Analysts frequently employ confidence ranges that include 95% or 99% of anticipated observations. Therefore, it may be concluded that there is a 95% likelihood that the real value falls within that range if a point estimate of 10.00 with a 95% confidence interval of 9.50 - 10.50 is derived using a statistical model.
- The level of certainty or uncertainty in a sampling process is measured by confidence intervals.
- Additionally, they are employed in regression analysis and hypothesis testing.
- To determine statistical significance, statisticians frequently combine confidence intervals with p-values.
- 95% or 99% confidence levels are most frequently used in their construction.
Learn more about Confidence interval, here
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