The aggregate demand curve shows that, if other factors are held constant, the higher the price level, the

Suppose you are going to receive $13,800 per year for six years. the appropriate interest rate is 8.7 percent. what is the prese

Dmitry_Shevchenko [17]

$13.800 \times 6 \div 8.7\%$

6 0

3 years ago

Natalie had a very busy December. At the end of the month, after journalizing and posting the December transactions and adjustin

gizmo_the_mogwai [7]

Answer:

My money its real my life

3 0

3 years ago

Thirty percent of households say they would feel secure if they had $50,000 in savings. You randomly select 8 households and as

marin [14]

Answer: a) 0.04667544

b) 0.01129221

c) 0.98870779

Explanation:

Binomial probability formula :-

$P(x)=^nC_xp^x(1-p)^x$ , where P(x) is the probability of getting success in x trials, n is the total number of trials and p is the probability of getting success in each trial.

Given : The probability of households say they would feel secure if they had $50,000 in savings = 0.30

Total number of households selected = 8

a) The probability that the number that say they would feel secure is exactly five will be :-

$P(5)=^8C_{5}(0.30)^5(0.70)^3\\\\=56(0.3)^5(0.7)^3=0.04667544$

b) The probability that the number that say they would feel secure is more than five :-

$P(x>5)=P(6)+P(7)+P(8)\\\\=^8C_{6}(0.30)^6(0.70)^2+^8C_{7}(0.30)^7(0.70)^1+^8C_{0}(0.30)^8(0.70)^0\\\\=28(0.30)^6(0.70)^2+8(0.30)^7(0.70)^1+(0.30)^8\\\\=0.01129221$

c) The probability that the number that say they would feel secure is at most five :-

$P(x\leq5)=1-P(x>5)\\\\=1-0.01129221=0.98870779$

7 0

3 years ago

All countries benefit from trade. If they did not, they would not trade. Based on this week's Reading Assignment, apply what you

jarptica [38.1K]

The idea of international trade is one of the factors that binds the world together. Trade between nations fosters peace and brings about, wealth creation, Cultural diffusion and inclusiveness.

<h3>What is International trade?</h3>

International trade refers to the exchange of goods, services and other commodities between countries of the world.

International trade is possible because, goods and services produced in one country is needed by citizens of other countries.

The idea of international trade is beneficial to both countries involved in such trade. It creates a long supply chain starting from manufacturers, logistics, middle men, and local traders.

This supply chain created benefits both the sellers and the buyers and this creates employment opportunities in both countries.

It is important to note that not everyone within a country may benefit directly from international trade, however, it can be said that everyone will benefit indirectly because the proceeds from such trade affects the GDP of both countries and this brings about prosperity especially when trade is not one sided.

Learn more about International trade at brainly.com/question/15115779

#SPJ1

8 0

1 year ago

Rachael works in a matrix organization, and although she found it confusing at first, she has seen the inherent opportunities. I

postnew [5]

The strengths of a matrix organization is more career choices on both sides of the organization.

<h3>What is a Matrix organization?</h3>

This involves individuals reporting to more than one leader and the line of communication is usually unlimited and doesn't adhere to a singular line of command.

The roles are usually interchanged which is why she will benefit from the more career choices on both sides of the organization.

Read more about Matrix organization here brainly.com/question/7437866

8 0

2 years ago