Job training had a positive effect on the Group 1 and it would be beneficial for the second group to have had it too.
Explanation:
In series analysis one compares two set of data in terms of their initial points and their final results and within if there are fluctuations in the matter during the series. In ere, the data given is of two points that is the initial data and the final data.
The two data points clearly show that the two groups were equivalent in 2003 but the first group which received job raining ended up progressing more than the second group so it is beneficial to get the job training that was offered.
Answer:
Quantity demanded of B/percentage change in price of A.
Explanation:
Cross price elasticity of demand is calculated as follows:
= Percentage change in quantity demanded for Good B ÷ Percentage change in price of good A
Cross price elasticity of demand is positive for the substitute goods and negative for the complimentary goods.
For Substitute goods:
It states that there is a positive relationship between the price of a good and the quantity demanded for its substitute goods.
For complimentary goods:
It states that there is an inverse or negative relationship between the price of a good and the quantity demanded for its complimentary goods.
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Answer:
Exact flow time = 14.5 hours
Value added percentage of flow time = 0.0020
Explanation:
Exact Flow time is calculated as :
1 + 2+ 2+ 3+ 2+ 2+ 05+ 2 hours + [1.75 minutes / 60] hours = 14.50 hours
14.50 * 60 = 871.75 minutes
Value added percentage of flow time calculations :
1.75 minutes / 871.75 minutes = 0.0020 or 0.2%
