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yKpoI14uk [10]
3 years ago
5

"7 out of 10 dentists recommend brand x toothpaste". this finding is based on the results of a survey of 10 randomly selected de

ntists. what is the problem with this survey?
Business
1 answer:
HACTEHA [7]3 years ago
6 0
The problem with this survey is: <span>The sample is too small so it is a flawed sampling method
The survey with this kind of small number often does not represent the truth of the general recipients simply because it does not leave enough room for margin of errors.
</span>
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Suppose an economy is modeled with a production possibilities frontier or curve (PPF) for butter (vertical axis) vs. guns (horiz
Nonamiya [84]

Answer: B - a general improvement in technology affecting production of all goods

Explanation: The Production Possibility Frontier is a curve that shows the two combination of goods an economy can produce when all its factors of production are efficiently used.

Technological progress shifts the curve outward, away from the origin as more output would be produced using the same combination of factor inputs.

Shifting of resources from butter to gun would lead to movements along the curve as more gun would be produced and less butter.

Pacifism becoming less popular which increases gun production, would cause movement along the curve.

Increase in consumer desire for butter increase the amount of butter produced . This would generate a movement along the curve

4 0
3 years ago
Camille, a buyer, wants to change the price already agreed to in a sales contract. what document should she use?
e-lub [12.9K]

She should use <u>a </u><u>New contract</u>.

A contract is a legally enforceable agreement that establishes, defines, and controls the mutual rights and obligations between parties. Contracts typically include the transfer of goods, services, money, or promises to transfer at a future date.

In the event of a breach of contract, victims are entitled to legal remedies, including damages and withdrawal. Contract law, the field of law of obligations dealing with contracts, is based on the principle that agreements must be honored.

learn more about contracts here.   brainly.com/question/984979

#SPJ4

6 0
2 years ago
You can buy property today for $2.9 million and sell it in 5 years for $3.9 million. (You earn no rental income on the property.
nignag [31]

Answer:

a)  $2, 654,000 or approximately $2.654 million

b) The investment is not attractive because the present value of the future cash flow at $2.654 million is less than the investment of $2.9 million

c) $3.413 million approximately

d) This property is attractive as the present value of $3.413 is higher than the investment of $2.9 million

Explanation:

The A part of the questions is to determine the present value of property

Information given

Future value = $3.9 million

Interest rate = 8%

The period = 5 years

The present value formula = Future value / (1+r)∧n

= $3,900,000 / 1.08∧5

= 2,654,274.46843163

= $2, 654,000 or approximately $2.654 million

b) Is the property attractive...

The investment is not attractive because the present value of the future cash flow at $2.654 million is less than the investment of $2.9 million

c) Compute a new present value based on cash flow of $190,000

The present value

= 190,000/ 1.08∧1 + 190,000/ 1.08∧3 + 190,000/ 1.08∧3 + 190,000/ 1.08∧4 +190,000/ 1.08∧5 + 3,900,000/ 1.08∧5

= 175,929.93 + 162,894.38 +   150,828.13 + 139,655.67 +  129,310.81 + 2,654,274.47= 3,412,889.38

= $3.413 million approximately

d) This property is attractive as the present value of $3.413 is higher than the investment of $2.9 million

3 0
3 years ago
AirStep Shoe Company has two retail stores, one in Gainesville and the other in Orlando. The Gainesville store had sales of $105
yuradex [85]

Answer:

to norwest shoe company has to retail stores

7 0
3 years ago
Mohinder sells small-business health insurance programs, working on straight commission. Closing the sale is an extremely stress
barxatty [35]

Answer:

He will generate no income

Explanation:

The reason is that the comission is only paid to sales team or small businesses that work on straight commission, when the sales is actually made. If the sales is not closed the income and the hardwork both are not fruitful.

7 0
3 years ago
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