24+357/1000 = 24.357. Just remember decimals are in tenths, hundredths and in this case thousandths
Answer:0.28divide by7
Step-by-step explanation:
Answer:
-2; Inferior good
Step-by-step explanation:
Given that,
Initial Quantity = 10 boxes
New Quantity = 8 boxes
Percentage increase in Sally's income = 10%
Change in consumption:
= 8 boxes - 10 boxes
= - 2 boxes
Percentage change in quantity demanded:
= (Change in quantity demanded ÷ Initial quantity) × 100
= (-2 ÷ 10) × 100
= - 20%
Therefore,
Income elasticity of demand:
= percentage change in quantity demanded ÷ Percentage change in income
= - 20% ÷ 10
= -2
Inferior goods are generally have a negative income elasticity of demand which means that an increase in the income of the consumer will lead to reduce the quantity demanded for inferior good and vice versa.
Hence, the good is a inferior type of good.
Answer:
Type 1 error:
D)Reject the null hypothesis that the percentage of high school students who graduate is equal to 55 % when that percentage is actually equal to 55 %.
Type 2 error:
B,)Fail to reject the null hypothesis that the percentage of high school students who graduate is equal to 55 % when that percentage is actually less than 55 %.
Step-by-step explanation:
When something that is true, is been rejected, then it's reffered to as Type I, on the other hand when
Whensomething that is false is been failed to be rejected then it's reffered to as that is Type II
Type I ;
This is to reject Hypothesis when Hypothesis is true, i.e rejecting of the null when it's true.
For instance from the question,
The percentage of high school students who graduate is equal to 55%. Then to get the Type1 , One would say the percentage of high students who graduated is not 55% when it is in actual sense
Type II ;
This is happen when we accept a false null hypothesis which means it takes place when We fail to reject Hypothesis when it is False.
For instance, from the question which says The percentage of high school students who graduate is equal to 55%. Then for type II to occur One would say it is 55% when it is really not 55%.
