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algol13
4 years ago
8

According to a study conducted by an​ organization, the proportion of americans who were afraid to fly in 2006 was 0.10. a rando

m sample of 1 comma 1001,100 americans results in 9999 indicating that they are afraid to fly. explain why this is not necessarily evidence that the proportion of americans who are afraid to fly has decreaseddecreased.
Business
1 answer:
faust18 [17]4 years ago
3 0

Answer:

This is not necessarily evidence that the proportion of Americans who are afraid to fly has  decreaseddecreased  because belowbelow  0.10 because the proportion of sample, is nothing very close to 0.10.

Explanation:

n = 1100

p = 0.10

Using the formula np(1-p), we will have

= 1100(0.10)*(1 - 0.10)

= 1100*0.10*0.90

= 99

99 ≥ 10

This satisfies normal distribution condition. That is, proportion of sample are normally distributed.

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Question 4
mariarad [96]

Answer:

true

Explanation:

7 0
4 years ago
Read 2 more answers
Both Amy and Brad produce and consume apple pie and ice cream. In one hour, Brad makes five apple pies or ten gallons of ice cre
Arte-miy333 [17]

Answer:

Amy has absolute advantage in the production of Apples pies and ice cream.

Amy has comparative advantage in the production of Apple pies.

Brad has a comparative advantage in production of ice creams

Amy should specialise in the production of Apple pies, brad should specialise in the production of icecream

Explanation:

A person has comparative advantage in production if he produces at a lower opportunity cost when compared with other people.

Brad's opportunity cost:

In producing apple pies = 10 / 5 = 2

In producing ice cream :5 / 10 = 0.5

Amy's opportunity cost:

In producing apple pies : 15/15 = 1

In producing icecreams : 15/15 = 1

Amy has the lower opportunity cost when compared with Brad in producing apples pies. Therefore, she has comparative advantage in the production of Apple pies.

Brad has the lower opportunity cost when compared with Amy in producing ice cream. Therefore, he has comparative advantage in the production of ice cream.

A person should specialise and trade the good for which she has a comparative advantage.

A person has absolute advantage in the production of a good or service If he produces more quantity of the good when compared with other people.

Amy has absolute advantage in the production of both goods.

6 0
3 years ago
Inefficiency exists in a market when a good is
ddd [48]

Answer:

d. being consumed by buyers who value it most highly."

Explanation:

Since the efficiency arises when optimal amount of each good and service is being produced and consumed in the economy.

Hence it can be said that inefficiency exists in the economy when a good not being consumed by the consumer who value it highly.

3 0
3 years ago
A portfolio is comprised of two stocks. Stock A comprises 65% of the portfolio and has a beta of 1.21. Stock B has a beta of .95
Lapatulllka [165]

If a  portfolio is comprised of two stocks. Stock A comprises 65% of the portfolio and has a beta of 1.21. The portfolio beta is 1.119.

<h3>Portfolio beta</h3>

Using this formula

Portfolio beta=(Stock A portfolio×beta)+[(1-Stock A porfolio)× Stock B beta]

Let plug in the formula

βp = (.65 × 1.21) + [(1 - .65) × .95]

βp = (.7865) + [.35 × .95]

βp= .7865+ .3325

βp = 1.119

Therefore the portfolio beta is 1.119.

Learn more about  portfolio beta here:brainly.com/question/14986133

8 0
2 years ago
flash receives a distribution of long-term capital gain property worth $40,000 (basis to the s corp of $10,000) from the s corpo
Alexus [3.1K]

Flash's basis in the S corporation after the distribution will be equal to $27000.

Within any organization or firm, there are multiple shareholders of the firm. Each shareholder has a share in the company's profit and even has the say whenever any important decision has to be taken. Flash is also a shareholder in S corporation. Now, at first Flash increases his basis by 50% of the gain on property distribution by S corporation. This is expressed as

Increased basis = (Capital worth - Basis to S corporation) × 50%

Increased basis = ($40000 - $10000) × 0.5

Increased basis = $15000

Now, Flash reduces the basis as

Reduced basis = Basis before distribution + Increased basis - Capital worth

Reduced basis = $52000 + $15000 - $40000

Reduced basis = $27000

Learn more about Shareholder at:

brainly.com/question/13187927

#SPJ4

3 0
1 year ago
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