Answer:
North Korean economy is centralized planned economy, North Korean economic activity is control by its government and its majority of economic budget is received by North Korean military.
Explanation:
North Korean economy is based on a centrally planned arrangement, where the purpose of market allocation plans is restricted, although rising. As of 2020, North Korea remains its basic adherence to a centralized command economy.
North Korea's economy is strictly commanded by its government. the state regulates all means of production, and the government establishes preferences and importance in economic growth.
North Korean military received the majority of its country's budget because of ongoing tension between the South and North Korea and of-course because of North Korea's nuclear missiles programs.
Answer:
Mean of sampling distribution=3.5
Standard error of sampling distribution=0.219
Explanation:
We know that
The average of catching fish per fishing trip=μ=3.5
and
The standard deviation of catching fish per fishing trip= σ=1.2.
We have to find the mean and standard error of sampling distribution of 30 fishing trips i.e. μxbar=? and σxbar=?
Mean of sampling distribution=μxbar=μ=3.5
Standard error of sampling distribution=σxbar=σ/√n
Standard error of sampling distribution=σxbar=1.2/√30
Standard error of sampling distribution=σxbar=1.2/5.4772
Standard error of sampling distribution=σxbar=0.219
Thus, the mean and standard error for a sampling distribution of 30 fishing trips are 3.5 and 0.219.
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