Answer:
0.75
Explanation:
P(no lifting) = 0.4
P(moderate lifting) = 0.5
p(heavy lifting) = 0.2
P(Claim | no lifting) = 0.05
P(Claim | moderate lifting) = 0.08
P(Claim | heavy lifting) = 0.2
<u>Using BAYE Theorem</u>
P(no lifting claim) = P(Claim | no lifting)*P(no lift) / P(Claim)
P(Claim) = (Claim | no lifting)*P(no lifting) + P(Claim | moderate lifting)*P(moderate lifting) + P(Claim | heavy lifting)*p(heavy lifting)
P(Claim) = (0.05)*(0.4) + (0.08)*(0.5) + (0.2)*(0.1)
P(Claim) = 0.08
P(no lifting claim) = (0.05)*(0.4) / 0.08
P(no lifting claim) = 0.25
P(Heavy or moderate lifting | Claim) = 1 - 0.25
P(Heavy or moderate lifting | Claim) = 0.75
Answer:
Sales 2,250,000
variable cost 1,250,000
25 x 50,000
Gross Profit 1,000,000
Fixed Cost
Selling & Administrative 300,000
Operating income 700,000
interest expense
10,000
non- controllable expenses 10,000
non-controllable income 690,000
income taxes 200,000
net income 490,000
Explanation:
the interest expense is not part of the operating cost, those cost are not part of the business activity. It is on the non-controllable expenses
Your answer to question 1: is A
Your answer to question 2: is B
Answer:
B. Canada has an absolute advantage in the production of oranges because it has higher productivity in oranges. C. Australia has an absolute advantage in the production of apples because it has higher productivity in apples.
Explanation:
A country has absolute advantage when it produces greater quantity of a product at the same cost when compared to another country.
Australia produces more apples; 75 tons when compared to 60 tons produced by Canada.
Canada produces more oranges; 150 bushels when compared to 60 bushels produced by Australia.
Australia has an absolute advantage in the production of Apples and Canada has an absolute advantage in the production of oranges.
I hope my answer helps you.
The False statement about BRICS is The BRICS countries have joined together to form a trading bloc.
Brazil, Russia, India, China, and South Africa are the five major emerging economies that make up the term BRICS. The governments of the BRICS states have had formal summit meetings every year since 2009. On July 24, 2022, China virtually held the most recent 14th BRICS meeting.
The BRICS Forum was established in 2011 as an independent international group promoting collaboration in business, politics, and culture between the BRICS countries. The BRICS mechanism aims to promote peace, security, development and cooperation.
To know more about BRICS visit the link:
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