.3333 is considered a rational number. What makes this number rational? Explain your reasoning.
1 answer:
You might be interested in
Answer:
The total number of samples that give this outcome is 5.
Step-by-step explanation:
Since Y takes values in {0,1,2,3}, For us to have that implies that all of them are zero but one. The one that is non-zero necessarily is equal to 1. To calculate the number of samples that give this outcome is equivalent to counting the total number of ways in which we can pick the i-index such that
. Note that in this case we can either choose Y1 to be 1, Y2 to be 1 and so on. So, the total number of samples that give this outcome is 5.
Answer:
eY is positive +0.1 therefore bagels are a normal good.
Step-by-step explanation:
Given data:
when, 10% rise in cheese price, 3% fall in bagels quantity observed
when, 10% rise in income, 1% fall in bagels quantity observed
from formula for cross price elasticity of demand, determine
As, eAB is negative, bagels $ cream cheese are complements.
By formula for income elasticity of demand,
we find that
Since eYis positive, bagels are a normal good.