Two voters, al and bill, are each choosing between one of three candidates—1, 2, and 3—who are running for city council. an expe
rimental outcome specifies both al’s choice and bill’s choice, e.g., the pair (3,2). (a) list all elements of s. (b) list all outcomes in the event a that al and bill make the same choice. (c) list all outcomes in the event b that neither of them votes for candidate 2.
The number of outcomes that each of them will have to choose anyone at random is calculated below. n = 3 x 3 = 9 This is because, Al will have 3 choices and similarly, Bill will also have three choices. These outcomes are as written below. S = (1,1), (1,2), (1,3), (2, 1), (2,2), (2, 3), (3, 1), (3, 2), and (3,3)
Part B: To make the same choice, there will only be three outcomes. These are: S = (1, 1), (2, 2) and (3, 3)
Part C: If neither of them will vote for 2, there will only be four outcomes. This is because each of them will only have two choices. These are: S = (1, 1), (1, 3), (3, 1), and (3,3)
The post-closing trial balance consists only of permanent accounts. These permanent accounts are assets, liabilities, and equity. Permanent accounts are not closed when an accounting period ends. Temporary accounts (revenue, expense, dividend) on the other hand is a direct opposite as they are closed or cleared to zero when an accounting period ends.
Jeff Company issues a promissory note to David Company to get extended time on an account payable. David records this transaction by debiting <span>Accounts Payable and crediting Notes Payable.
The problem with fiscal policy that is created because of the recognition, legislative, implementation, effectiveness, and the evaluation and adjustment lags is called <u>a matter of timing.</u> The reason being that it can be difficult to time fiscal policy to shift the AD curve at the right moments.
