Answer:
here is a 63.25% for winning the debate given the student distribution and the chance of success of each type of student.
Explanation:
As the student will be picked at random we can determiante the expected value by doing a weighted average:
![\left[\begin{array}{cccc}$Student&$Return&$Probability&$Weight\\$Sophomore&0.2&0.2&0.04\\$Junior&0.6&0.35&0.21\\$Senior&0.85&0.45&0.3825\\Total&&1&0.6325\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%24Student%26%24Return%26%24Probability%26%24Weight%5C%5C%24Sophomore%260.2%260.2%260.04%5C%5C%24Junior%260.6%260.35%260.21%5C%5C%24Senior%260.85%260.45%260.3825%5C%5CTotal%26%261%260.6325%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Answer:
a) subtitution effecrt as the opportunity cost for consuming Doritos increased therefore, a portion of the demand in this market will steer into other like Lays.
b) wealth effect the consumption will increase as we are given an extraordinary income
c) income effect. As the income decrease, the consumer preferences may lead to consume inferior good rather than normal good or normal goods and cut-off luxury goods.
Explanation:
A consumer will respond to the price change in such a way that it could express it marginal utility
Answer:
Answer is explained in the explanation section.
Explanation:
Hektic America Inc.
Customer Service Representative
Date: Jan 23rd, 2021 (You can add your date accordingly)
21 Lincoln St., Chester, Mass.
Dear Concern,
This is to inform you that, we have been buying your product Hektik Model 370 Water Stage Manometer order No. 26019 since a long. It is unfortunate to inform you that, it is not working up to the mark. We further can not rely on this product, as it stop working at critical moments. It's spring and drive assembly have been exhausted and it needs replacement. It has broke down several times. Unfortunately, we can not continue using this product, as it has severe repercussions on our company. Therefore, it is highly requested to replace this product with a genuine one and free of charge. Otherwise, we will be compelled to change the supplier of this product for our company.
Your's Truly,
Engineering Technologist,
H. L. Winman and Associates
