Answer:
-0.34
Explanation:
Given that,
Percentage increase in prices = 5%
Initial quantity demanded = 30,000
New quantity demanded = 2,500
By midpoint method,
Average quantity :
= (Initial quantity + New quantity) ÷ 2
= (30,000 + 2,500) ÷ 2
= 16,250
Change in quantity = (2,500 - 30,000)
= -27,500
Therefore, the price elasticity of demand is as follows:
= (Change in demand ÷ Average quantity demanded) ÷ Percentage increase in prices
= (-27,500 ÷ 16,250) ÷ 5
= -1.69 ÷ 5
= -0.34
Answer and Explanation:
The adjusting entry is as follows:
Supplies expense ($1,823 + $4,344 - $286) $5,881
To supplies payable $5,881
(being the supplies expense is recorded)
Here the supplies expense is debited as it increased the expense and supply payable is credited as it also increased the liabilities
This question seems incomplete. Here is the detailed and complete question:
A work-mode-choice model is developed from data acquired in the field in order to determine the probabilities of individual travelers selecting various modes. the mode choices include automobile drive-alone (dl), automobile shared-ride (sr), and bus (b). the utility functions are estimated as follows: udl = 2.6 - 0.3(costdl) - 0.02(travel timedl) usr = 0.7 - 0.3(costsr) - 0.04(travel timesr) ub = -0.3(costb) - 0.01(travel timeb) where cost is in dollars and time is in minutes. the cost of driving an automobile is $5.50 with a travel time of 21 minutes, while the bus fare is $1.25 with a travel time of 27 minutes. how many people will use the shared-ride mode from a community of 4500 workers, assuming the shared-ride option always consists of three individuals sharing costs equally?
Answer: 828 workers will use the shared - ride mode.
Explanation: You can see the attached for a more detailed explanation.
In a month the month of February, their first renewal cycle begins again
This is further explained below.
<h3>What is the renewal cycle?</h3>
In most cases, the execution of any given strategy will inevitably waste some of the available time.
Both the free and premium plans will become invalid one month and one year, respectively, following the most recent renewal of either one of them.
These stretches of time are referred to as "renewal cycles" quite frequently in common parlance.
An example of a renewal cycle we witness in our day to day life, one that is a perfect example of the image we are trying to portray is the monthly subscription of the Dstv cable or Tv show provider subscription. which allows us to have uninterrupted access to our favourite s
To summarize, the first cycle of their rejuvenation begins once more in the month of February.
Read more about the renewal cycle
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Answer:
<em>Hypothesis Testing</em>
Explanation:
<em>The use of statistics to assess the probability of a given assumption being accurate </em>is <u>hypothesis testing</u>. The typical hypothesis testing process is made up of four stages.
- Establish the hypothesis null.
- Recognize a test metrics which can be used to determine the null hypothesis truth.
- Calculate the P-value, that is the likelihood that if the null hypothesis is true, a test result would be obtained at least as large as the one observed.
- Measure the p-value with an appropriate alpha value.
