In experiments employing the minimal group paradigm, a majority of participants are more interested in maximizing their relative gain than in maximizing their absolute gain.
<h3>What is the minimal group paradigm? </h3>
The minimal group paradigm refers to a method employed in social psychology. Although it may be used for a variety of purposes, it is best known as a method for investigating the minimal conditions required for discrimination to occur between groups. Experiments using this approach have revealed that even arbitrary distinctions between groups, such as preferences for certain paintings, or the colour of their shirts, can trigger a tendency to favour one's group at the expense of others, even when it means sacrificing in-group gain.
There are some variations, but the traditional minimal group study consists of two phases.
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Answer:
$302.
Explanation:
FIFO is an inventory management method. As the name says, First-In First-Out, it assumes that the oldest recorded inventory is sold first. This can be the assumption of management as the goods sold can be the ones that were recently purchased. So, the cost of oldest inventory is to be charged Cost of Goods Sold first and then that of the recent ones, if any.
<u>Calculation</u>
Gadgets Sold = 10 + 50 - 8 = 52 gadgets were sold during the period. Under the FIFO cost flow assumption, the cost of oldest gadgets that is $50 (10 * 5) is to be charged to P&L first and then of the newer ones which is $252 (42 * 6). This makes the total cost of goods sold for month to be $302 (252 + 50).
Answer: 0.75
Explanation:
Mean(μ) = 300
Standard deviation(σ) = 20
Find the z-score of a person who scored 315 on the exam ;
Raw score (x) = 315
Z = (raw score - mean) ÷ standard deviation
Z = (x - μ) ÷ σ
Z = (315 - 300) ÷ 20
Z = 15 ÷ 20
Z = 0.75
Answer:
credit to interest revenue for $132
Explanation:
given data
face value = $8,800
interest rate = 6 %
time = 90 days
solution
if we see here journal entry that is
date particular debit credit
October 30 cash A/C $8932
to notes payable $8800
to interest revenue $132
( $8800× 6% × 
)
so here credit to interest revenue for $132
<span>If the required reserve ratio, m, is 20 percent, then the oversimplified money multiplier is five. The money multiplier is also called as the monetary multiplier and the multiplier effect. It usually depends on the amount of the various deposits. </span>
