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leva [86]
3 years ago
6

If Starbucks’s marketing department estimates the income elasticity of demand for its coffee to be 2.8, how will the prospect of

an economic bust (expected to decrease consumers’ incomes by 5 percent over the next year) impact the quantity of coffee Starbucks expects to sell?
Mathematics
1 answer:
cluponka [151]3 years ago
6 0

Answer:

The percent change in quantity is -0.14%.

Step-by-step explanation:

The formula to compute the change in quantity is:

Income\ elasticity\ of\ demand=\frac{Percent\ change\ in\ qunatity\ demanded}{Percent\ change\ in\ price}

The income elasticity of demand is 2.80.

Percent change in price is -5% (since the prices decreases)

Compute the percent change in quantity demanded as follows:

Income\ elasticity\ of\ demand=\frac{Percent\ change\ in\ qunatity\ demanded}{Percent\ change\ in\ price}\\2.80=\frac{Percent\ change\ in\ qunatity\ demanded}{-5\%}\\Percent\ change\ in\ qunatity\ demanded=2.80\times(-5\%)\\=-0.14\%

Thus, the percent change in quantity is -0.14%.

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PLZZZZZ HELP ME WHOEVER ANSWERS FIRST CORRECTLY I WILL MAKE BRAINLIESTTTT
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Answer:

A-D   E-B    F-C

Step-by-step explanation:

4 0
3 years ago
One of the most fiercely debated topics in sports is the hot hand theory. The hot hand theory says that success breeds success.
Korvikt [17]

Answer:

The answer to the question is

The theory of the hot hand is valid in my opinion.

Step-by-step explanation:

The phenomenon of a "hot hand" is that a person who achieves a successful outcome at an attempt has a higher probability of coming out successful in subsequent attempts at the same event.

Based on evidence from the sampled statistics, the likelihood of achieving an increased probability of success on subsequent attempt on the condition that previous attempts were successful in my opinion is plausible. This is because the ability to score points at a game is dependent on several variables, all of which are from previous occurrence, such dependent variables include

1.  The inherent ability of the sport athlete to deliver the required input for success. This is a conditional probability for success as such this forms part of the increased acceptance level for the  "hot hand" phenomenon

2. Conditions of play may favor a particular probability than others resulting in a change in the mean, and the standard deviation of the distribution resulting in a skewed outcome

3. Increased opportunity giving to the athlete that previously had a successful attempt possibly by the athlete himself by way of confidence, the audience by way of focus on the outcome of the athletes attempt, and the administrators by way of trying to make it achievable and hence easier within the rules for the athlete have a successful attempt

The "hot hand" (also known as the "hot hand phenomenon" or "hot hand fallacy") is the purported phenomenon that a person who experiences a successful outcome has a greater chance of success in further attempts. The concept is often applied to sports and skill-based tasks in general and originates from basketball, whereas a shooter is allegedly more likely to score if their previous attempts were successful, i.e. while having "hot hands.” While previous success at a task can indeed change the psychological attitude and subsequent success rate of a player, researchers for many years did not find evidence for a "hot hand" in practice, dismissing it as fallacious. However, later research questioned whether the belief is indeed a fallacy.[1][2] Recent studies using modern statistical analysis show there is evidence for the "hot hand" in some sporting activities.[2]

7 0
3 years ago
If the simple interest on ​$7000 for 10 years is ​$6300​, then what is the interest​ rate? I will pick branliest answer with the
Roman55 [17]

Answer:

0.09

Step-by-step explanation:

So if you use the Simple interest equation it will begin with:
Interest total = Initial Amount of money x Interest rate per year x Years money is invested for.

Then substitute the values you have been given so:

$6300 = 7000 x Interest rate per year x 10.

This is simplifies to 6300 = 70,000 x Annual Interest rate

You can rearrange this to find the annual interest rate by dividing by 70,000:
\frac{6300}{70000} = Interest\ rate

Simplifying this would be:
\frac{63}{700}\\ = Interest rate.

The interest rate is 0.09.

8 0
2 years ago
An object is dropped from a bridge and allowed to freefall to the ground. The height of the object over time can be modeled usin
ioda
The height at time t is
h(t) = 144 - 16t²

When t = 0, then h = 144.
Therefore the height from the ground is 144 when the object is dropped.

When the object reaches the ground, h = 0.
Therefore
144 - 16t² = 0
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Answer:
The object reaches the ground in 3 seconds.

4 0
3 years ago
Read 2 more answers
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Answer:

68.2 miles per hour

Step-by-step explanation:

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110 kilometers = x miles

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1*x = 0.62*110

x = 68.2 miles

Cesar should drive at 68.2 miles per hour to avoid a speeding ticket

110 kilometers per hour = 68.2 miles per hour

6 0
3 years ago
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