Answer:
3.33%
Explanation:
Data provided in the question:
Real per capita GDP in South Korea in 1957 = $400
per capita GDP in South Korea in 1978 = $800
Total number of years taken to double the GDP = 21 years
Now,
Using the Rule of 70, which states that
Number of years to double the GDP = 70 ÷ (average annual economic growth rate )
thus,
21 years = 70 ÷ average annual economic growth rate
or
Average annual economic growth rate = 3.33%
Answer:
There is a 0.2419% for a foreman to earn either $1,100 or $900
Explanation:
We calculate the probability of a normal distribution of 0;1
(X-mean)/deviation = Z
(1,100 - 1,000)/100 = 100/100 = 1
900 - 1,00/100 = -100/100 = -1
Given the zame Z value, we have the same probability of a foreman to earn 1,100 or 900
As we are asked for the foreman salary, wewill calcualte the Z for non cumulative, just the probability of a foreman to earn 1,100 or 900 dollars.
We look into the normal distribution table for the value of z = -1 or 1
0.002419707 = 0.2419%
According the utilitarian approach actions and plans should be taken<span> in a way that will produce the greatest benefit to society and produce the least harm at lowest cost and</span> judged by their consequences. The utilitarian approach proposes that actions and plans should be judged by their consequences. research reveals that stakeholders who have the ability to affect the company have the most power; whereas stakeholders that have legitimacy have a legal or moral claim on company resources.
