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Governments would decrease government expenditures to fight an inflationary gap and due to this change in G, the budget balance (BB) would reduce.
<h3>What is budget?</h3>
It should be noted that a budget simply shows the revenue and expenditure for a period of time.
In this case, governments would decrease government expenditures to fight an inflationary gap and due to this change in G, the budget balance would reduce.
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The Chester company is likely implementing a strategy called
the niche differentiation. This is the process in which helps a specific
organization or company to coexist by having to use their environment in a
different way in when they are to compete.
Answer:
(1) If you get a promotion, what is the probability that you will also get a raise?
25% or 0.25
(2) Are getting a raise and being promoted independent events? Explain using probabilities.
yes, they are independent events because you a given one probability for getting a raise (40%) and another one for getting both a raise and a promotion (25%). If they were dependent events, the probability would be the same but they are not.
(3) Are these two events mutually exclusive? Explain using probabilities.
No they are not, again the probability of getting both a raise and a promotion is 25%.
