Which of the following ways of investing/saving is the most liquid?

If small samples can reveal something that large samples might not, why not just take small samples in every situation?

swat32

Taking small samples in every situation is not always appropriate. If the populations are very large, you cannot just take small samples because it will not represent the entire population. Small samples are usually for verifications purposes that is the reason why it can detect some errors that the larger samples cannot.

8 0

3 years ago

Shawna wins the lottery and her income increases by 60 percent. she used to buy 10 pints of cottage cheese per month and now she

Dmitriy789 [7]

Answer: Her income elasticity of demand for cottage cheese is 0.3333 making it a normal and necessary good.

The income elasticity of demand is given by :

$\mathbf{YED = \frac{percentage change in demand}{percentage change in income}}$

The percentage change in income is given as 60%. We calculate the percentage change in quantity demanded as follows:

$\mathbf{percentage change in quantity demanded = \frac{Q_{1}-Q_{0}}{Q_{0}}}$

$\mathbf{percentage change in quantity demanded = \frac{12-10}{10}}$

$\mathbf{percentage change in quantity demanded = 0.2}\\$

Substituting the value above in the income elasticity demand formula we get,

$\mathbf{YED = \frac{0.20}{0.60}}$

YED = 0.33333

Since the income elasticity is positive, and since Shawna buys more cottage cheese after an increase in income, we can classify this good as a normal good.

Since the income elasticity is between 0 and 1 we can also conclude that cottage cheese is also a essential good or a necessity.

7 0

3 years ago

The following gives the number of pints of type A blood used at Woodlawn Hospital in the past 6 weeks.

Licemer1 [7]

Answer:

Attached is the solution:

3 0

3 years ago

(Last Word) Critics of the World Trade Organization (WTO) say that liberalized world trade does all of the following EXCEPT:a. p

tester [92]

The correct answer is C. Helps developing nations escape from poverty

Explanation:

The World Trade Organization (WTO) is one of the most important organizations worldwide that regulate the trade between nations, the WTO includes almost all countries in all continents and aims at facilitating trade and other economic activities. Despite this, the WTO is criticized by many for multiple reasons that include the pollution and environmental degradation due to more trade and manufacture, the irregularities in protections and conditions as some countries skip laws about workplace safety, child labor, etc. and that it supports big multinational corporations rather than small local businesses.

However, one of the reasons critics of the WTO do not mention because it is a positive aspect of the WTO and the liberalized trade is that it actually "helps developing nations escape from poverty" as it provides opportunities for all the members to trade products especially those that are exclusive from each country.

8 0

3 years ago

1) Suppose that papers for a newspaper stand cost $0.40 and sell for $0.80. They currently have no salvage value. If the stand o

lys-0071 [83]

Answer:

C) .07

Explanation:

Current cost of newspaper = C

= $0.40 / units

Current price of newspaper = P

= $0.80 / UNIT

Current salvage value = S = 0

Cost of under ordering = Cu

= P – C

= $40

Cost of over ordering = C – S

= $0.40

Critical ratio = Cu/ ( Cu + Co )

= 0.4 / ( 0.4 + 0.4)

= 0.5

Since critical ratio defines the probability of optimum demand ,

We can consider service level ( %) = Critical ratio x 100

Current service level = 50 %

When the salvage value = $0.1 ,

Cost of under ordering = Cu

= P – C

= $40

Cost of over ordering = C – S

= $0.40 - $0.1

= $0.30

Critical ratio = Cu/ ( Cu + Co )

= 0.4 / ( 0.4 + 0.3)

= 0.4/0. 7

= 0.5714

The revised service level = 0.5714 x 100 = 57.14 %

Therefore, The increase in service level is 0.07.

4 0

3 years ago