Hello there!
<span>When playing games of chance like slot machines or roulette, people often say that a particular outcome is "due," implying that one outcome is more likely because it hasn't happened in a while. this is a fallacy because in these examples the outcome of each trial is: Independent
Games or chance are random in nature. That is, the outcomes are influenced not by the previous outcome, but by probabilistic statistics. In slot machines or roulette, the outcome of each trial is Independent, meaning that it isn't influenced by any previous trial and that if an outcome doesn't happen in a while, it will not increase the chances that it will happen in the next trial.
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Explanation:
The most appropriate reply would be the Meeting increased competition in Europe with the recent recession leading to the weakening of the euro is going to be a challenge. Because of the increased competition in Europe and the recession the value of Euro is gone down because of which it will be very difficult to predict the pricing objective of work.
Rest of the options are incorrect as prestige pricing will not be suitable here, probability can be accurately judged by primary and secondary research and also last option is not very relevant to the subject.
Answer:Price ceiling is when the government of a country mandates producers to sell their commodities below market or equilibrium price.
Explanation:Price ceiling leads to excess demand as consumers will excessively demand for products with a low price. Economically,the lower the price ,the higher the quantity demanded.
Also,Price ceiling will make producers produce inferior commodities as they will drastically reduce their cost of production which by using counterfeit raw materials.
Lastly,Price ceiling leads to supply shortage as producers are not willing to produce.
Answer: It is important to identify the problems since this is the first step to their solution.
Explanation: The faster a problem is identified, the faster it is to find a solution. From my personal experience, I can say that problems must be resolved as soon as they appear. When problems are not solved, they can interfere with the person's daily life since they can spend it thinking and it is difficult for them to carry out their daily activities.
B most likely:) hope this helps