Answer:
After the result obtained through the hypothesis test, I have sufficient evidence to reject the null hypothesis.
Explanation:
The null hypothesis is the statement that two (or more) parameters have no relation to each other.
X= estimated proportion new cars owner tha purchase the knee airbag
Y= they would have purchased the knee airbag
Z= the new compact owners
X= Y/Z
Hypothesis
H0= 0,30 (equal 30% .They would have purchased a knee airbag if it had been available)
H1≠0,30 (different to 30% .They would have purchased a knee airbag if it had been available)
Survey
Y=79
Z=200
X= 79 /200
X=0,395 ( 39,5% .They would have purchased a knee airbag if it had been available)
<h3>Two advantages of budgeting;</h3>
i. Manage your money effectively.
ii. Monitor performance.
<h3 /><h3 /><h3>Two disadvantages of budgeting;</h3>
i. Time required.
ii. Gaming the system.
iii. Blame of outcomes.
Answer. ok
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Answer:
B. Δk = sf(k) – (δ + n)k.
Explanation:
The Solow Growth Model, developed by Robert Solow, a Nobel Prize winning economist. It was the first neoclassical growth model which was was built upon the Keynesian Harrod-Domar model. The modern theory of economic growth is given by the Solow Model.
The equation below gives us the change in capital stock per worker with population growth at rate n;
Δk = sf(k) – (δ + n)k.
Where k: capital stock per worker in period t
s: savings rate
δ: rate of depreciation of capital
n: labor or number of workers
sf(k): savings per capita multiplied by a fraction of income saved.
