Answer:
here is a 63.25% for winning the debate given the student distribution and the chance of success of each type of student.
Explanation:
As the student will be picked at random we can determiante the expected value by doing a weighted average:
![\left[\begin{array}{cccc}$Student&$Return&$Probability&$Weight\\$Sophomore&0.2&0.2&0.04\\$Junior&0.6&0.35&0.21\\$Senior&0.85&0.45&0.3825\\Total&&1&0.6325\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%24Student%26%24Return%26%24Probability%26%24Weight%5C%5C%24Sophomore%260.2%260.2%260.04%5C%5C%24Junior%260.6%260.35%260.21%5C%5C%24Senior%260.85%260.45%260.3825%5C%5CTotal%26%261%260.6325%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Answer: Cross Shopping
Explanation: Cross shopping is a technique there a single consumer plays around different suppliers to get the goods of his/her liking. It involves having conflicting needs and purchasing premium and budget products. In this case,Calvin loves eating at mcdonald's claiming they have the best fries, but for dessert he likes to eat cakes only at kaminsky's. Since, Calvin is shopping from different suppliers to get the products of his liking his behavior will be called cross shopping.
Answer: The three types of investors in a business are pre-investors, passive investors, and active investors. Pre-investors are those that are not professional investors. These include friends and family that are able to commit a small amount of capital toward your business.
You just add up all the numbers and you get the answer which is 23.60
