Answer:
not set aside the agreement based on the adequacy of the consideration.
Explanation:
Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
The probability that a randomly selected graduate will have a starting salary of $50,000 or more is 10.56%
Explanation:
The formula for calculating a z-score is:
Z=
Where:
x=Score in this case is $50,000
μ=Mean or average of the salary: $45,000
σ= standard deviation of $4,000.
Z=
Z= 1.25
This value has an associated probability of 0.8944= 89.44%, this means 89.44% of graduates will have a starting salary of $50,000 or less.
But if we want to know the probability that the graduate has a salary of $50,000 or more, taking into account a population of 100%=1
1-0.8944= 0.1056
Which represents that 10.56% of population of graduates will earn $50,000 or more.
Answer:
A. The definition of a market in determining the price elasticity of demand.
Explanation:
Price elasticity of demand is the height of responsiveness of demand or purchase to changes in price. It shows how consumers or buyers would react to the demand for a product when the price of their favourite brand increases.
Reaction of consumers in the market place is one of the determinants of price elasticity of demand. It tells how buyers will switch to different brand of products if the price of their favourite brand increases. It also shows how consumers will adjust their spending abilities if the price of all the brands are increased at the same time.
Alternatively, consumers would demand for the brand that falls within the limit of their spending.