Answer:
i) the intercept is - 124.84 and it is negative because when the income of individuals is zero their consumption = - 124.84 (i.e. consumer borrows 124.84 ).
ii) $25465.16
iii) attached below
Explanation:
Given that the equation is
^cons = -124.84 + .853 * inc
<u>i) Interpret the intercept in this equation and comment on its sign and magnitude</u>
intercept : the intercept is - 124.84 and it is negative because when the income of individuals is zero their consumption = - 124.84 (i.e. consumer borrows 124.84 ).
The slope = .853 is positive because consumption is will increase by 0.853 whether the income rises or decreases by the value of 1
<u>ii) Determine the predicted consumption when family income = $30000</u>
^cons = -124.84 + 0.853 * ( 30000 )
= 25465.16
hence when family income = $30000 the predicted consumption = 25465.16
<u>iii) Draw a graph of the estimated MPC and APC ( inc on the x-axis )</u>
MPC = 0.853 ( constant )
APC = Cons / inc
attached below is the required graph
Answer:Expected value = - 94661.45
Explanation:
The Policy pay out is $95000 ,if a client is in life threatening accident insurance company will loose $95000, if the client is not in a life threatening accident the insurance company will gain $250
Probability (Client is in a threatening accident) = 0.999063
Probability (not in a life threatening accident)= 1 - 0.999063 = 0000937
Insurance Premium = $250
Insurance Payout = $95000
expected value = 0.999063 x (- (95000 - 250)) + 0.000937 x (250)
expected value = 0.999063 x (-94750) + 0.000937 x (250)
expected value = - 94661.21925 + 0.23425 = - 94661.44675
expected value = - 94661.45
Answer:
The correct answer here is Personal information managers.
Explanation:
PIM or personal information manager is a software application which is used by individual, groups and organizations to manage contacts, calendar, reminders, alerts, notes , making appointments, project management etc through its PIM tools and these tools can vary according to the need. So it can be said that this personal information manager acts as a personal organizer.
The answer to this question is <span>determinate
In </span><span>determinate sentencing practice, the amount of years that imposed to the convicted could not be influenced by parole or other agencies.
But, the amount of years could be reduced if the convicted displayed Good behavior or have to sign up for work-related release.</span>
