Every economic decision has "a consequence or tradeoff" - this final answer choice is correct. Every time that an individual, business, or institution makes an economic decision, they always forgo an opportunity to use the same capital or resources for other endeavors. As such, there is a tradeoff incurred by not making the decision to use the resource in another manner. This is known as opportunity cost and is one of the fundamental tenets of economic theory.
Less by far because 3.5 cups would be less than half
The answer is: b - lies in quadrant II when graphed.
Explanation:
Any number less than zero is a negative number.
Example: -1
Any number greater than zero is a positive number.
Example: 1
(a, f(a))
(-1,1)
When these example points are graphed, they are placed in the second quadrant.
The probability the 51st call arriaves within 150hours is 0.0431, the probability the next call arrives within the next 2 hours 0.5488, the probability the sum of these 50 numbers is less than 356 is 0.4165.
Data;
- Mean rate = 0.3
- x = 50
- standard deviation = ?
<h3>Poission Rule</h3>
Using poission formula,
Let's substitute the values into the formula.
For 50 calls in 150 hours
For 150 hours = x = 0.3 * 150 = 45
b)
The probability the next call arrives after 2 hours.
c)
The number of calls recieved each day is recorded for 50 consecutive days.
for 50 days;
The mean = 360
The standard deviation is given as
The probability the sum of these 50 number is less than 356 is
Learn more on poission formula here;
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