Answer:
Gambler's hot-hand
Explanation:
This fallacy appears when individuals belief that in a small series the sample will be disproportioned to the actual odds and thus, not correlated. This means the person will expect a given result (heads for the first and tails for the second) will continue with a long-streak ("hot-hand")
This fallacy comes from people that state random small sequences will disclosure a higher deviation than greater sequences and thus, higher streak of one result over another.
Answer:
a. is a measure of inflation
Explanation:
The GDP or gross domestic product is a macroeconomic measure that expresses the monetary value of the production of goods and services of final demand of a country (or a region) during a certain period of time.
It is one of the most widely used macroeconomic measures. It falls within what is called national accounting.
There are two types of GDP:
Nominal GDP: this is the monetary value of all goods and services produced by a country in the year in which the goods themselves are produced. If the nominal GDP is studied over time, in an inflation situation, a substantial increase in this indicator results, resulting in an increase in prices.
Real GDP: is the monetary value of all goods and services produced by a country at constant prices. This indicator is taken from constant prices as the basis for comparisons.
Answer:
245 free throws
Explanation:
x will be number of times Audreys makes a shot, and let y be total number of the shots.
x/y = .875
(x+13)/(y+20) = .860
Let solve for x in equation 1
x = .875y
We will plug the for x in the equation 2
(.875y+13)/(y+20)
= .860
.875y + 13
= .860y + 17.2
.015y = 4.2
y = 280
Audreys has taken 280 shots.
We will Plug that back into the equation 1 in order to find out how many Audreys made.
x/280 = .875
x = 245
Hence :
Audreys made 245 free throws
Answer:
$1,575
Explanation:
We will clasify the item "revenue" or "not":
- Received $1,050 cash for services provided to a customer during July -> yes, this is revenue
- Received $5,000 cash investment from Bob Johnson : not revenue
- the owner of the business Received $900 from a customer in partial payment of his account receivable which arose from sales in June: not revenue for July, but June which was booked in June revenue already
- Provided services to a customer on credit, $525: yes, this is July revenue though it's still on account receivable
- Borrowed $7,500 from the bank by signing a promissory note: not revenue
- Received $1,400 cash from a customer for services to be rendered next year: not July revenue, it's customer advace and might be next year revenue once services are completed
So the amount of revenue for July = Received $1,050 cash for services provided to a customer during July + Provided services to a customer on credit, $525
= $1,050 +$525
= $1,575
Answer:
fixed cost
Explanation:
given data
cost of the writing camp = $200,000
solution
As cost includes recording studios cost and hotel rooms etc
so this cost is fix cost because fixed cost does not change with the increase or decrease in the quantity of goods or services produced or sold. Fixed costs are expenses that a company must pay independently of any specific business activity.