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Olegator [25]
4 years ago
6

Asymmetric information occurs when A. everyone has the same information. B. the information available to the people in a transac

tion is misleading or incomplete. C. people engaging in a transaction are uncertain about future events. D. one person in a transaction has more information than the other.
Mathematics
1 answer:
PSYCHO15rus [73]4 years ago
3 0

Answer:

D

Step-by-step explanation:

Asymetric information occurs when one person (in most cases the seller) in the transaction has greater knowledge about the product or service he/she is offering than the buyer or consumer.

For example, a doctor knows more about the medical terms and processes than the patient.

Above is the example of asymetric information.

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Geologist has collected 10 specimens of basaltic rock and 10th specimens of granite. The geologist instructs a laboratory assist
olya-2409 [2.1K]

Answer:

p(5)=0.00136

(a) p(x)=\frac{(10Cx)*((10)C(15-x))}{20C10}

(b)p(10)+p(5)=0.00272

(c)p(7)+p(8)=0.0584

Step-by-step explanation:

If we have N elements with k elements that we consider success and N-k elements that we consider fail, and we take a sample of n elements, the probability that there are x successes in the sample follows a hypergeometric distribution, so it is calculated as:

p(x)=\frac{(kCx)*((N-k)C(n-x))}{NCn}

In this case, N is equal to 20, k is equal to 10 specimens of granite rock, N-k is equal to 10 specimens of basaltic rock and n is 15. So, the probability that there are x specimens of granite rock in the sample or the pmf of the number of granite specimens selected for analysis is:

p(x)=\frac{(10Cx)*((10)C(15-x))}{20C10}

Now, the probability of getting exactly 5 granite specimens selected for analysis is:

p(5)=\frac{(10C5)*((10)C(15-5))}{20C10}=0.00136

On the other hand, the probability that all specimens of one of the two types of rock are selected  for analysis is the probability to select 10 granite specimens or 10 basaltic specimens. Where the probability to take 10 basaltic specimens is equal to the probability to take 5 granite specimens.

Then, the probability that all specimens of one of the two types of rock are selected  for analysis is:

p(10)+p(5)=\frac{(10C10)*((10)C(15-10))}{20C10}+\frac{(10C5)*((10)C(15-5))}{20C10}\\p(10)+p(5)=0.00136+0.00136=0.00272

For the hypergeometric distribution, the mean E(x) and standard deviation S(x) are:

E(x)=\frac{nk}{N}=\frac{15*10}{20}=7.5\\S(x)=\sqrt{\frac{nk}{N}*(1-\frac{k}{N})*(\frac{N-n}{N-1})}\\S(x)=\sqrt{\frac{15*10}{20}*(1-\frac{10}{20})*(\frac{20-15}{20-1})}=0.9934

Then, the number of granite specimens within 1 standard deviation of its mean value is:

  E(x) - S(x) ≤ mean ≤ E(x) + S(x)

7.5-0.9934 ≤ mean ≤ 7.5+0.9934

     6.5066 ≤ mean ≤ 8.4934

               7 ≤ mean ≤ 8

Finally, the probability that the number of granite specimens selected for analysis is  within 1 standard deviation of its mean value is:

p(7)+p(8)=\frac{(10C7)*((10)C(15-7))}{20C10}+\frac{(10C8)*((10)C(15-8))}{20C10}\\p(10)+p(5)=0.0292+0.0292=0.0584

8 0
4 years ago
Find the distance between points P(1, 2) and Q(4, 8) to the nearest tenth
djverab [1.8K]
The distance between the two points is 3 sqrt(5)
5 0
4 years ago
Read 2 more answers
40 employees in an office wear eyeglasses. 22 have single-vision correction, and 18 wear bifocals. If two employees are selected
ale4655 [162]

Step-by-step explanation:

The number of way to select 2 employees from 40 is 40C2.

The number of way to select 2 employees from 22 is 22C2.

So the probability of the two employees having single-vision correction is just the number of ways to select the 22 employees (22C2) divided by the total number of ways to select 2 employees (40C2).

22C2 / 40C2 = 77/260

We can use the same technique for the bifocal employees.

18C2 / 40C2 = 51/260

8 0
3 years ago
What is the linear function represented by the graph?
sergejj [24]

Answer:

y=-½x+1

Step-by-step explanation:

The slope is negative because it goes down from left to right

The y-intercept is ½ because the point where the line meets the y-axis is ½

6 0
3 years ago
You are installing a brick sidewalk. The brick portion of the sidewalk will occupy an area of 100 feet long by 4 feet wide. Each
adelina 88 [10]

Answer:

1,800 bricks are needed

Step-by-step explanation:

First convert the Length and width of the sidewalk into inches

Entire Sidewalk: L= 100x12 =1200in and W= 4 x 12 = 48in

Then we know Area = LxW, so we will do this for both the sidewalk and the brick.

Area of sidewalk: 1200 x 48 = 57600

Bricks ( no need to convert since the measurements are already in inches): 8 x 4 = 32

Now we will divide the area of the entire sidewalk by the area of a single brick to find out how many bricks you need to complete the whole sidewalk:

57600/32= 1,800 bricks

6 0
3 years ago
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