The probability that the first student dressed inappropriately for the football game will be the 10th student checked is <u>3.182%</u>.
<h3>What is probability?</h3>
Probability refers to the chance that an outcome occurs given the possibility of many outcomes.
As a measure, probability represents the ratio of the outcomes from a set of equally likely outcomes.
<h3>Data and Calculations:</h3>
Estimated proportion of students dressed inappropriately = 7%
Number of players for a football game = 22 (11 x 2)
Probability that the first one dressed inappropriately will be the 10th = 0.031818 (0.07 x 10/22).
Thus, the probability that the first student dressed inappropriately for the football game will be the 10th student checked is <u>3.182%</u>.
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Answer:
$7.23
Explanation:
Basic Earnings per share = (Net Income - Preferred Dividend) / Weighted average of outstanding common shares
Basic Earnings per share = ($7,350,000 - $195,000) / 990,000 shares
Basic Earnings per share = $7,155,000 / 990,000 shares
Basic Earnings per share = 7.22727273
Basic Earnings per share = $7.23
So, the amount of Angel's basic earnings per share for 2021 is $7.23.
Answer:
d. percentage change in the quantity demanded of one good divided by the percentage change in the price of another good.
Explanation:
Price-demand elasticity measures the demand sensitivity of a good when a change in the price of another good occurs. For example, what happens to the demand for bread when the price of butter varies? This depends on the cross elasticity of demand since these goods tend to be complementary.
The price elasticity of cross demand between two goods is easily calculated by a formula where the numerator is the change in the quantity of a good and the denominator is the percentage change in the price of the complementary good.
If the calculation of elasticity is greater than 1, it means that the amount demanded for bread is sensitive (elastic) to the price of butter and tends to vary sharply. If the result is between 0 and 1, the demand is inelastic, that is, the amount of bread demanded will not change considerably when the price of butter varies. If the calculation is equal to 1, then the demand for bread varies perfectly with the price of butter.
Answer:
produces
increases
trade-offs
Explanation:
The law of increasing opportunity cost states that when firms decide to make additional units of a certain product by reallocating resources, they do that at a higher opportunity cost than the previous production. The major traceable reason for this is inefficiency in resource reallocation.
This increase in opportunity cost is associated with increasing and increasing trade-off.
Answer:
There is no balanced budget provision in the U.S. Constitution, so the federal government is not required to have a balanced budget and Congress usually does not pass one. Several proposed amendments to the U.S. Constitution would require a balanced budget, but none have been enacted.
