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AleksAgata [21]
3 years ago
11

In a national survey on substancein a national survey on substance abuse commaabuse, modifying 66.4 % with underline66.4% of res

pondents who were full dash timeof respondents who were full-time college students aged 18 to 22 reported using alcohol within the pastcollege students aged 18 to 22 reported using alcohol within the past month.month. nothing is the value a parameter or a​ statistic?
Business
1 answer:
ollegr [7]3 years ago
5 0

Answer: The value is a statistic .

The term ‘survey’ in statistics refers to a method of inferring some information about a population by collecting data from a sample that is from the same population.  

The numerical inferences from a <u>sample are known as statistics</u>, while the numerical inferences from a <u>population are known as parameters.</u>

Since the study referred to in the question above is a survey, the numerical value given above is a statistic.


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If a CobbDouglas production function has alpha​ = 0.34 and beta​ = 0.42, then a​ 1% increase in inputs results in a​ ________ ch
vampirchik [111]

Answer:

0.76%

Explanation:

Firstly we write out the production function to be

Y = K^0.34L^0.42.

So if we have inputs that are increased by 1%, we will now have a new production function which is

Y = (K + 0.01 of K)^0.34 (L + 0.01 of L)^0.42

We write this in terms of growth rate

The Growth rate of Y = 0.34 x the growth rate of K + 0.42 x the growth rate of L

This gives us the Growth rate of Y = 0.34 x 1% + 0.42 x 1%

= 0.34+0.42

= 0.76%

6 0
2 years ago
. Department C is the first stage of Cohen Corporation's production cycle. The following equivalent unit information is availabl
allsm [11]

Answer:

1,657,000 units

Explanation:

The FIFO method is concerned with the work done in the current production period.

<u>Equivalent Units of Production - Conversion Costs</u>

To finish Opening Work In Process ( 85,000 x 80%)              68,000

Started and Completed [(1,430,000 - 85,000) x 100%]       1,345,000

Ending Work In Process 305,000 x 80%                               244,000

Total Equivalent Units of Production - Conversion Costs   1,657,000

therefore,

the equivalent units for the conversion cost calculation are:  1,657,000 units

6 0
3 years ago
What is equilibrium wage?
slavikrds [6]

Answer:

This means that the equilibrium wage rate and employment will be determined by the intersection of the horizontal labour supply curve, and the downward sloping MRP (D) curve. The wage rate is determined by the whole market, and this sets the wage rate for all firms in the market.

Explanation:

hi :)

3 0
1 year ago
Read 2 more answers
A check drawn by a credit union on its account at a federally insured bank would be an example of a:
Ivenika [448]
A check drawn by a credit union on its account at a federally insured bank would be an example of a cashier check. It is a type of check that is being issued by the bank being withdrawn from the own funds of the bank and being signed by the cashier of the bank. These are classified as guaranteed as funds since it is the bank that is held responsible for the payment of the amount. These are usually used in real estate and transactions pertaining to brokerage. This type of check has the name of the bank that issued it in an obvious location and it has improved security features like color shifting ink, security thread and watermarks.
8 0
3 years ago
If an organizational capability or resource is valuable and unique, but it is easy to imitate: A. It cannot be a source of compe
MaRussiya [10]

Answer:

<h2>In this case,the answer would be option D. or It can be a source of competitive advantage for a period of time.</h2>

Explanation:

  • In Production Economics,any organizational input in the production process can provide competitive advantage to any firm or company for a sustainable period of time only if it provides commercial or economic value to the firm or company,it is unique and it cannot be completely imitable or substituted through other equivalent resource/s by other market competitors.
  • Therefore,if any organization resource or input is easily imitated then it cannot ensure long term or sustainable competitive advantage for any firm or company in the market.
  • However,it can provide some temporary market advantage or competitive edge to any particular firm or company until the time it is fully imitated and implemented by its competitors or rivals.
3 0
3 years ago
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