1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ipn [44]
3 years ago
5

In a survey, 80% of people own a smart phone, 40% of people own a tablet computer, and 25% of people own both. what is the proba

bility that a person owns a tablet computer given that he or she owns a smart phone?
Business
2 answers:
Alika [10]3 years ago
5 0
To get the probability of a single random event, this formula must be followed 

Probability = event/s  /  number of outcomes 

In this problem, the number of outcomes is 80%  40% and 25%. The event is that a person owns a tablet computer that owns also a smartphone. 

.8 +.4+.25  = 1.45 x 100 = 145% 

Probability = .25 / 1.45= 0.1724 x 100 = 17.24%

Therefore, the probability that a person owns a tablet computer and smartphone is 17.24%. 
Aleksandr-060686 [28]3 years ago
4 0
25 % of people own a smart phone and a tablet computer. So,the probability that a person owns a tablet computer given that he or she owns a smart phone is the probability that this person has a tablet computer and a smart phone. 25% is 1/4 probability. 
You might be interested in
How much interest is earned in just the third year on a $1,000 deposit that earns 7% interest compounded annually?
Sav [38]

Answer:

Interest earn= $80.14

Explanation:

Giving the following information:

PV= $1,000

i= 7%

n= 3

<u>First, we will calculate the future value at the second year:</u>

FV= PV*(1+i)^n

FV= 1,000*(1.07^2)

FV= 1,144.9

<u>Now, for the third year:</u>

FV= 1,144.9*1.07= 1,225.04

Interest earn= 1,225.04 - 1,144.9= $80.14

4 0
2 years ago
The "market clearing price" is most closely associated with
mel-nik [20]

The market clearing price is the price that balances the amount buyers want to buy with the amount sellers want to sell. This price balances the amounts demanded and supplied. The "market clearing price" is most closely associated with market equilibrium, because it exists when a market is clear of shortage and surplus, or is in equilibrium, when the demand curve and supply curve intersect.

4 0
3 years ago
Read 2 more answers
Which statement best summarizes the law of demand ?
Verizon [17]

Answer:

The answer is D

Explanation:

6 0
3 years ago
Conduct a horizontal analysis by calculating the year-over-year changes in each line item, expressed in dollars and in percentag
Iteru [2.4K]

Answer:

Computer Tycoon, Inc.

1. Horizontal Analysis, calculating the year-over-year changes in each line:

Computer Tycoon, Inc. Income Statements  For the Year Ended December 31    

                                                      2016         2015            Dollars      %

Sales Revenue                             $108,000  $132,000  -$24,000  -18.2%

Cost of Goods Sold                         64,000      74,700   -$10,700  -14.3%

Gross Profit                                      44,000     57,300   -$13,300  -23.2%

Selling, General, & Administrative

                         Expenses               36,800     38,600   -$1,800      -4.7%

Interest Expense                                  580           515     $65         +12.6%

Income before Income Tax Exp.      6,620       18,185  -$11,565     -63.6%

Income Tax Expense                         1,500       5,800   -$4,300     -74.1%

Net Income                                      $5,120    $12,385   -$7,265    -58.7%

2-A. Vertical analysis by expressing each line as a percentage of total revenues:

Computer Tycoon, Inc. Income Statements  For the Year Ended December 31    

                                                      2016            %             2015             %

Sales Revenue                             $108,000     100        $132,000    100

Cost of Goods Sold                         64,000      59             74,700     56.6

Gross Profit                                      44,000       41             57,300     43.4

Selling, General, & Administrative

                         Expenses               36,800       34           38,600       29.2

Interest Expense                                  580       0.5                515      0.4

Income before Income Tax Exp.      6,620        6              18,185      13.8

Income Tax Expense                         1,500       1.4             5,800       4.4

Net Income                                      $5,120       4.7         $12,385      9.4

2-B No. It made less profit per dollar of sales in 2016 compared to 2015.

Explanation:

a) Horizontal analysis is the analysis of financial statements to show changes in the amounts of corresponding financial statement items over a period of time.  It is used to evaluate the trend situations, using financial statements for two or more periods.

b) Vertical analysis is another technique for analyzing financial statements with each line item being listed as a percentage of a base figure within the statement.  For income statement, the base figure is usually the Sales Revenue, while for balance sheet, the base figure is the total assets.

8 0
3 years ago
This occurs when one party repeatedly holds out for a better deal.
Debora [2.8K]
A breakdown in bargaining happens when one party repeatedly holds our for a better deal. In this cases, private solutions to this kind of externalities is deemed necessary. Though bargaining is quite common among transactions made by economists, it cannot be helped that there are certain problems that arise from this.
8 0
3 years ago
Other questions:
  • Titanium Metals Company had 20,000,000 shares of $0.01 par value common stock outstanding which had been sold for an aggregate a
    7·1 answer
  • According to OSHA standards, a competent person is defined as one who is capable of identifying existing and predictable hazards
    13·1 answer
  • Squeaky Clean Car Wash has a goal of increasing its repeat customers by 30% over the next year. It began by looking at ways to s
    9·1 answer
  • Robert has a list of characteristics that he wants his new house to have, and he has listed every item in that list in their ord
    8·1 answer
  • 2. One of the most fundamental determinants of the exchange rate is ______________ whereby the exchange rate between the currenc
    13·1 answer
  • The Millennials or Gen Ys, along with their younger counterparts, the iGeneration, are "digital natives" who grew up in technolo
    11·1 answer
  • As indicated in the chapter, return on investment (ROI) is well entrenched in business practice. However, its use can have negat
    6·1 answer
  • When you take your first job, you decide to start saving right away for your retirement. You put $5,000 per year into a saving p
    12·1 answer
  • Which of the following is NOT a benefit of a social media presence for a brand? Group of answer choices Social media allows comp
    10·1 answer
  • Alcorn Service Company was formed on January 1, 2018.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!