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Lilit [14]
3 years ago
13

One of the variables most often included in surveys is income. Sometimes the question is phrased​ "What is your income​ (in thou

sands of​ dollars)?" In other​ surveys, the respondent is asked to​ "Select the circle corresponding to your income​ level" and is given a number of income ranges to choose from. Complete parts a and b below. a. In the first​ format, explain why income might be considered either discrete or continuous. Choose the correct answer below.
A. Income in thousands of dollars can be considered discrete because the number of thousands of dollars of income have values that can be placed into​ categories, but also be considered continuous because the values can be ordered.
B. Income in thousands of dollars can be considered discrete because the values have a true zero​ point, but also be considered continuous because the values can be ordered.
C. Income in thousands of dollars can be considered discrete because the number of thousands of dollars of income can be​ counted, but also be considered continuous because there are many income amounts between each thousand that can be measured to different levels of precision.
D. Income in thousands of dollars can be considered discrete because the number of thousands of dollars of income have values that can be​ counted, but also be considered continuous because the values have a true zero point.
Business
2 answers:
zepelin [54]3 years ago
6 0
The answer is D i hope this can help you on your test good luck because it worked on him ;)
storchak [24]3 years ago
4 0

Answer:

D

Explanation:

income in thousands of dollars can be considered discrete because the number of thousands of dollars of income have values that can be​ counted, but also be considered continuous because the values have a true zero point.

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What is the expected value when a $1 lottery ticket is bought in which the purchaser wins exactly $10 million if the ticket cont
Nadusha1986 [10]

We expect to lose $0.37 per lottery ticket

<u>Explanation:</u>

six winning numbers from = { 1, 2, 3, ....., 50}

So, the probability of winning:

P(win) = \frac{ no of favorable outcomes}{no of possible outcomes}

P(win) = \frac{1}{^5^0C_6} \\\\P (win) = \frac{6! X (50 - 6)!}{50!} \\\\P(win) = \frac{6! X 44!}{50!} \\\\P(win) = \frac{1}{15,890,700}

The probability of losing would be:

P(loss) = 1 - P(win)

P(loss) = 1 - \frac{1}{15,890,700} \\\\P(loss) = \frac{15,890,699}{15,890,700}

According to the question,

When we win, then we gain $10 million and lose the cost of the lottery ticket.

So,

$10,000,000 - 1 = $9,999,999

When we lose, then we lose the cost of the lottery ticket = $1

The expected value is the sum of the product of each possibility x with its probability P(x):

E(x) = ∑ xP(x)

= 9,999,999 X \frac{1}{15,890,700}  + ( -1 ) X \frac{15,890,699}{15,890,700} \\\\=- \frac{5,890,700}{15,890,700} \\\\= - \frac{58,907}{158,907} \\\\= - 0.37

Thus, we expect to lose $0.37 per lottery ticket

7 0
3 years ago
Juan believes that battles such as the french revolution are necessary for a country to preserve liberty, to maintain or gain la
Alla [95]
The fact that Juan believes that battles such as the French Revolution are necessary for a country to preserve liberty, to maintain or gain land, and will ultimately lead to a more even distribution of wealth among a population means that Juan's thoughts from conflict theory sociological perspective. The conflict theory states that conflict are result of the competition for limited resources.
3 0
3 years ago
Vacations by plane are a normal good and people's incomes rise. At the same time, the price of jet fuel rises. The equilibrium p
PtichkaEL [24]

Answer:

Increase, Increase

Explanation:

Normal goods experience a rise in demand if the consumer's income increases or economic conditions improve. Normal goods are sometimes referred to as necessary goods.

Jet fuel can be considered as input the cost of vocations.  An increase in jet fuel will result in a rise in the cost of vacations.  A rise in the cost of vacation leads to an increase in their equilibrium price.

If vacations are normal goods, an increase in people's income will increase their demand. Therefore, the equilibrium quantity of vacations will increase.

3 0
3 years ago
On January 2, 2012, Grouper Corporation issued $1,100,000 of 10% bonds at 98 due December 31, 2021. Interest on the bonds is pay
Gnom [1K]

Answer:

bonds payable           660,000 debit

loss on redemption      13,200 debit

       cash                                  666,600 credit

       discount on bonds payable 6,600 credit

Explanation:

discount at issuance:

face value      1,100,000

issued at 98: 1,078,000

discount           22,000

the discount is amortized with straight line method

discount at call date:

2017 - 2012 = 5 year

22,000 x 5/10 = 11,000 discount at Jan 2nd,2017

discount of 660,000 bonds at Jan 2nd,2017

1,100,000   -->    11,000

  660,000 -->     6,600

carrying value 660,000 - 6,600 = 653,400

bonds are called at 101

660,000 x 101/100 =   666,600‬

loss on redemption:

653,400 - 666,600 = 13,200

3 0
3 years ago
Lakeside Rides is adding a new roller coaster to its amusement park. The firm expects this addition to increase its overall tick
s2008m [1.1K]

Answer:

b. change in ticket sales for the existing roller coaster

c. change in ticket sales for the boat ride

d. change in food and beverage sales

Explanation:

The side effects that along with the  new roller coaster is as follows:

a. There should be the change in the sale of the ticket with respect to the existing roller coaster

b. There should be the change in the sale of the ticket with respect to the boat ride

c. Also, there should be the change in the sale for food & beverages

So the above represent the side effects

Hence, b, c and d are the correct options

6 0
3 years ago
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