Answer:
First quartile
Explanation:
Usually, in determining pay or reward for a group of workers, the technical term usually used refers to the salary range and quartiles.
It’s pretty seeming like statistics right?
Just like statistics, the pays that are given to a particular section of workers differ and it is divided into a number of quartiles. Part of all these quartiles is where we have the first quartile.
The first quartile of the salary range is usually reserved for a set of people in the labor force who has no prior or little experience, and thus require additional training to enhance their fusion into the job role to which they have applied for.
This set of unskilled workers that are to be employed by abundance nurseries fall into this particular category.
Answer:
And we can find this probability using the normal standard distribution table or excel and we got:
Explanation:
Previous concepts
Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".
The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".
Solution to the problem
Let X the random variable that represent the expected return, and for this case we know the distribution for X is given by:
Where and
We are interested on this probability
And the best way to solve this problem is using the normal standard distribution and the z score given by:
If we apply this formula to our probability we got this:
And we can find this probability using the normal standard distribution table or excel and we got:
Answer:
Break-even price = $7
Explanation:
<em>The break-even price is the price at which the the total contribution from the sale is equal to the fixed cost of $300,000.</em>
(x- 4)× 100,000 = 300,000
100,000X - 400,000 = 300,000
100,000X = 300,000 + 400,000
x= 700,000/100,000
X = $7
Break-even price = $7
Countries participate in foreign trade because it does not have the comparative advantage in the production of all goods.
<h3>What is comparative advantage?</h3>
A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. For example, some countries do not have crude oil, so it would have to import from countries that produce crude oil. It would be more efficient for these countries to import crude oil.
To learn more about comparative advantage, please check: brainly.com/question/10606157