Answer:
The probability that the sample mean is less than $56,000 is 0.0375.
Explanation:
Let <em>X</em> = teacher's salary in Connecticut.
The random variable <em>X</em> follows a Normal distribution with parameters <em>μ</em> = $57,337 and <em>σ</em> = $7,500.
A random sample of <em>n</em> = 100 teacher's salaries are selected.
The sample mean of every sample of 100 salaries will follow a normal distribution with mean <em>μ</em> and standard deviation <em>σ</em>/√n.
Compute the probability that the sample mean of the 100 salaries is less than $56,000 as follows:
*Use a <em>z</em>-table for the probability.
Thus, the probability that the sample mean is less than $56,000 is 0.0375.
We would expect that the rebuilding at the end of World War II in many European countries increased aggregate demand for capital goods in <u>a. Both the US and Europe.</u>
<h3>What is aggregate demand?</h3>
Aggregate demand refers to the total demand for goods and services within an economy.
Because of the Marshall Plan initiated by the United States for rebuilding Europe after the Second World War, aggregate demand increased in both the United States and Europe.
<h3>Answer Options:</h3>
a. Both the US and Europe
b. The US, but not Europe
c. Europe, but not the US
d. Neither the US nor Europe
Thus, the rebuilding at the end of World War II in many European countries increased aggregate demand for capital goods in <u>a. Both the US and Europe.</u>
Learn more about aggregate demand at brainly.com/question/1490249
A study of supply and demand conditions in the market for orange juice lies primarily within the realm of microeconomics.
<h3><u>
Explanation:</u></h3>
Micro economics is the field of study that deals with the choices that are made by individuals. It deals with study of how the decisions are made by individuals, household and companies regarding the utilization of resources. It always deals with the markets that are associated with the good and services and also with the economic issues associated with individuals.
Adam Smith is the father of micro economics. In the examples given, A study of supply and demand conditions in the market for orange juice is an example of the micro economics. This is because, it deals with the supply and demand conditions in the market of the orange juice that are consumed by individuals.
Answer: False.
Explanation:
Fraud examination and forensic accounting as a career is not only restricted to government employment alone: a fraud investigator and forensic accountant can also work in an insurance companies to investigate damages payment claims, and also they can be employed by companies to ensure no financial abnormalities are going on in their firm.
There may be presence of challenge in an individual or a
company when an action is triggered such as having to trigger unwarranted by
facts in which will rise challenge and rivalries among the group or in the
company itself.
