One of the three economic questions deals with deciding what goods and services must be produced from available resources.
Here are the Three Main Economic Questions
1) Who consumes the goods and services produced in society?
2) What goods and services must be produced in society?
3) How should goods and services be produced in society?
<span>These questions are very important because it deals on how available resources are allocated to produce essential goods and services demanded by consumer
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Answer:
Oh, how morbid these interest problems are.
Are you asking how much they would recieve in a year?
If so:
40000/100=400
400*60=$24000 a year
Answer:
And we can find the individual probabilities like this:
And adding we got:
Step-by-step explanation:
Previous concepts
The binomial distribution is a "DISCRETE probability distribution that summarizes the probability that a value will take one of two independent values under a given set of parameters. The assumptions for the binomial distribution are that there is only one outcome for each trial, each trial has the same probability of success, and each trial is mutually exclusive, or independent of each other".
Let X the random variable of interest, on this case we now that:
The probability mass function for the Binomial distribution is given as:
Where (nCx) means combinatory and it's given by this formula:
Solution to the problem
For this case we want to find this probability:
And we can find the individual probabilities like this:
And adding we got: