Answer: As the Oxford dictionary states it, Probability means ‘The extent to which something is probable; the likelihood of something happening or being the case’.
In mathematics too, probability indicates the same – the likelihood of the occurrence of an event.
Examples of events can be :
Tossing a coin with the head up
Drawing a red pen from a pack of different coloured pens
Drawing a card from a deck of 52 cards etc.
Either an event will occur for sure, or not occur at all. Or there are possibilities to different degrees the event may occur.
An event that occurs for sure is called a Certain event and its probability is 1.
An event that doesn’t occur at all is called an impossible event and its probability is 0.
This means that all other possibilities of an event occurrence lie between 0 and 1.
Explanation:
The first of two significant fiscal policy initiatives enacted by the government during the great recession, signed in February 2008 by President George w. bush was the Economic Stimulus Act of 2008.
During recessions, governments can adopt expansionary fiscal policies by lowering tax rates to boost aggregate demand and boost economic growth. In the face of rising inflation or other signs of economic expansion, governments can pursue contractionary fiscal policies.
Governments can use fiscal policy (increased government spending and tax cuts) to stimulate the economy during recessions. A fiscal multiplier is an estimate of the increase in output caused by a particular increase in government spending or tax cuts.
Learn more about fiscal policy at
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I really going to see if I can help you hold on????
Answer:
The yield to call is 5.07%
Explanation:
The yield to call can be computed using the rate formula in excel,which is given as :=rate(nper,pmt,-pv,fv)
nper is the number of years to call which is 6 years
pmt is the annual interest coupon payable by the bond,which is :6.75%*$1000=$67.5
The pv is the current price at which the bond is offered to investors. i.e $1,135.25
fv is the price at the bond would be called in six years i.e par value+premium
par value is $1000
premium is $67.5
call price is $1067.5
=rate(6,67.5,-1135.25,1067.5)
rate=5.07%
Answer:
B 30 percent
Explanation:
Initial cost of production = (2×$10) + (5×$4) + (8×$3) = $20+$20+$24 = $64
New cost of production = (2×$10) + (5×$8) + (8×$3) = $20+$40+$24 = $84
% rise in cost of production = (new cost - initial cost)/initial cost × 100 = (84 - 64)/64 ×100 = 20/64 × 100 = about 30%