The next day, you charge $3.50 for each bracelet. You have a supply of 30 bracelets, and exactly 30 customers demand them. At the end of the day, there is no excess demand or excess supply. So, $3.50 must be the <u>equilibrium price</u>
the correct answer is the bolded, underlined words. I hope this helps, have a great day, chao!!
Answer:
$35.90
Step-by-step explanation:
It is easy homie
Answer:
A. 
= 
Step-by-step explanation:
of the students wore shorts.
of the students wore jeans.
Converting the fractions of the students who wore shorts and jeans respectively;
= 0.25
= 0.25
This means that the ratio of students who wore shorts is the same as that of students who wore jeans.
i.e =
2.5 is the mean of this distribution.
What is the distribution's mean?
- The expected value, commonly known as the mean of a statistical distribution with a continuous random variable, is calculated by integrating the product of the variable's probability as described by the distribution.
- The lowercase Greek letter mu () stands for the expected value. A probability of 50% equals zero standard deviations, and the mean is in the middle of the normal distribution.
Given: p = 0.05 and n= 50
Mean of the binomial distribution = n×p = 50 × 0.05 = 2.5
Therefore, option a is the correct answer. Other options are incorrect because these are irrelevant.
Learn more about binomial distribution
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