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BlackZzzverrR [31]
3 years ago
11

In order to overcome the free rider problem, many interest groups offer material benefits. what are material benefits?

Business
1 answer:
Rina8888 [55]3 years ago
7 0
Benefits given only to group members
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Find the mean, median and mode for the above set of data
qwelly [4]

Answer:

a. Mean = 35.2 ≈ 35

b. Median = 35.6 ≈ 36

c. Mode = 36.6 ≈ 37

Step-by-step Explanation:

==>Given:

Class of ages in yrs

No. of cases of each class = f

Midpoint of each class = x

Product of midpoint and no. of cases of each class = fx

==>Required:

a. Mean

b. Median

c. Mode

==>SOLUTION:

a. Mean = (Σfx)/Σf

Σf = sum of no. of cases = 5+10+20+22+13+5 = 75

Σfx = 47.5+195+590+869+643.5+297.5 = 2,642.5

Mean = 2,642.5/75 = 35.2 ≈ 35

b. Median = Lm + [((Σf/2) - Cfb)/fm]Cw

Our median is between the 37th and the 38th term, which can be found in the class interval 35-44. This is our median class.

Lm = Lower class boundary of the median class = lower limit of the Medina class + upper limit of the class before the median class ÷ 2 = (35+34)/2 = 34.5

Σf/2 = 75/2 = 37.5

Cfb = Cumulative frequency of class before the median class = 5+10+20 = 35

fm = frequency of the Medina class = 22

Cw = Class width = upper class boundary - lower class boundary = 44.5-34.5 = 10

Median = 34.5 + [(37.5-35)/22] × 10

= 34.5 + [2.5/22] × 10

= 34.5 + [25/22]

= 34.5 + 1.1

= 35.6 ≈ 36

c. Mode = Lm + [∆¹/(∆¹+∆²)]Cw

Modal class = (35-44) [i.e. the class with the highest frequency, which is where our mode falls in]

Lm = lower class boundary of the modal class = lower limit of the modal class + upper limit of the class before the modal class ÷ 2 = (35+34)/2 = 34.5

∆¹ = difference between the frequency of the modal class & the frequency of the class before the modal class = 22 - 20 = 2

∆² = difference between the frequency of the modal class & the frequency of the class after the modal class = 22 - 13 = 9

Cw == Upper class boundary - Lower class boundary = 44.5 - 34.5 = 10

Mode = 34.5 + [2/(2+9)] × 10

= 34.5 + [2/11] × 10

= 34.5 + [20/11]

= 34.5 + 1.8

Mode = 36.6 ≈ 37

8 0
3 years ago
Which of the following selections effectively use the "you" view. Check all that apply.
Bas_tet [7]

Answer:

A. Your name will be automatically entered in the raffle if you attend the annual company BBQ.

B. Your satisfaction is important to us. Please complete the customer satisfaction survey.

Explanation:

The you view is used to emphasise the receiver of the message and give less attention to the sender. The other two options use 'we' indicating focus on the sender. While the correct options use 'your' with emphasis on the receiver.

8 0
3 years ago
The owner of Mercury Appraisal Company held a ribbon-cutting event when he opened his new business. He invited city dignitaries,
cestrela7 [59]

Answer:

create awareness

Explanation:

Based on this scenario it can be said that the main goal of this promotion was to create awareness. This means grabbing the attention of as many individuals as possible in order to spread the company's reach. Doing so allows a wider population to get to know the company which in term leads to more clients doing business with Mercury Appraisal Company, and more business means more profits.

4 0
4 years ago
To minimize the temptation for managers to act in their own self-interest, governance mechanisms exist for implementation consid
soldier1979 [14.2K]

Answer:

A board of directors that act in the best interests of the shareholders to create long term value.

Explanation:

Sarbane oxley acts is a law law that was created to protect the interest of every shareholder . One of its requirement is a good composition of the board of directors considering their skills and independent requirement. It also emphasize the need for strong compliance with ethical standard in the interest of the shareholders.

Therefore , one of the key responsibilities of the board of directors is to act in the best interests of shareholders to create long term values. By so doing , managerial behavior will be monitored for compliance to ethical standard

3 0
3 years ago
Suppose that businesses buy a total of $120 billion of the four resources (labor, land, capital, and entrepreneurial ability) fr
Bingel [31]
To consider this question, we must consider the relationship between the resources and their costs.
Labor: The price that companies pay for labor is the wage. The businesses paid $68 billion for labor
Land: The price of land that business pay is rent (assuming they do not own the land). The business paid $14 billion for land. 
Capital: The cost of using capital is the interest paid on that capital. The businesses paid $24 billion for using capital. 

This leaves entrepreneurial ability. It is more difficult to discern the payment for this resource, as it is less tangible and thus has a less direct cost. From the payment for other resources and the total payment to households, we can infer the payment for entrepreneurial ability:
120 - 68 - 14 - 24 = $14 Billion
7 0
4 years ago
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