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SCORPION-xisa [38]
3 years ago
14

An industrialization policy of restricting imports in order to boost local production for local consumption of goods that would

otherwise be imported is known as ________
Business
1 answer:
raketka [301]3 years ago
4 0

Answer:

The correct answer is letter "A": import substitution.

Explanation:

Import substitution is the strategy by which a government sets restrictions on imports so the same products being imported are consumed domestically instead of being exported. This approach is implemented to boost domestic production which increases the employment rate of a country.

<em>Protectionist countries</em> tend to impose tariffs on other countries' imports in an attempt to prioritize the industries within their borders.

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"In a mid-size company, the distribution of the number of phone calls answered each day by each of the 12 receptionists is bell-
viva [34]

Answer:

z= \frac{51-37}{7}=2

z= \frac{23-37}{7}=-2

So then as we can see we want the probability that the values would be within 2 deviations from the mean. And from the empirical rule we know that within two deviation from the mean we have at least 95% of the data.

So then we can answer this question like this:

P(23

Or 95%

Explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The empirical rule, also referred to as the three-sigma rule or 68-95-99.7 rule, is a statistical rule which states that for a normal distribution, almost all data falls within three standard deviations (denoted by σ) of the mean (denoted by µ). Broken down, the empirical rule shows that 68% falls within the first standard deviation (µ ± σ), 95% within the first two standard deviations (µ ± 2σ), and 99.7% within the first three standard deviations (µ ± 3σ).

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".  

Solution to the problem

For this case we know that the the random variable X represent the number of phone calls answered by each of the 12 receptionists is bell shaped with a mean \mu = 37 and a standard deviation of \sigma = 7.

And for this case we want to find this probability:

P(23

And the best way to solve this is using the z score formula given by:

z = \frac{x-\mu}{\sigma}

Because the z score quantifies how many deviation we are from the mean.

For the value fo 51 we have this:

z= \frac{51-37}{7}=2

And for the 23 we got:

z= \frac{23-37}{7}=-2

So then as we can see we want the probability that the values would be within 2 deviations from the mean. And from the empirical rule we know that within two deviation from the mean we have at least 95% of the data.

So then we can answer this question like this:

P(23

Or 95%

5 0
3 years ago
1.14 When the wages per worker in the metal-working industry increases, the supply curve of
yuradex [85]

Answer:

false it will shift to the left

6 0
3 years ago
Keith Inc. has 4 product lines: sour cream, ice cream, yogurt, and butter. Demand of individual products is not affected by chan
pochemuha

Answer:

Dropping Sour would lead to a net loss of $(1,900)

Explanation:

To determine whether or not it will be profitable to drop a loss making product, we compare the savings in fixed cost to the lost contribution from dropping it.

It is noteworthy that only the fixed cost attributed to the product would be saved should it be discontinued.

The incremental analysis is done as follows:

Direct fixed cost of Sour = 30%× 7,000 = 2,100

Lost contribution = sales value - variable cost = 10,000-6,000= 4,000

                                                                 $

Lost contribution                                      (4,000)

Savings in fixed cost                               <u> 2,100</u>

Net loss in contribution                           <u>(1,900</u>)

Dropping Sour would lead to a net loss of $(1,900)

8 0
3 years ago
Expanding operations in countries where verbal expressions and gestures do not have the same meaning illustrate one of the main
motikmotik

Answer: globalization

Explanation:

Globalization is simply the process by which organizations or businesses start

their operations on international scale or start having international influence.

Despite the advantages of globalization such as allowing several goods and services to be affordable in different countries, improvement in productivity, employment opportunities etc, one challenge is that expanding operations in countries where verbal expressions and gestures do not have the same meaning could pose a difficulty.

7 0
3 years ago
Bridgett received her bank statement with a previous balance of $181.36. Total deposits were $475.00. Total checks written were
Inessa [10]

Answer:

$484.11

Explanation:

Calculation to determine How much money does Bridget have in her checking account?

Previous balance of $181.36

Add Total deposits $475.00

Less Total checks written $165.25

Less service charge $7.00

Checking account balance $484.11

Therefore How much money does Bridget have in her checking account is $484.11

8 0
3 years ago
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