Answer:
approximately 2 weeks
Explanation:
Assuming normal distribution, we have
mean m = 30.8
standard deviation s = 2.6
The standard random variable is given by Z = (x - 30.8)/2.6
where x denotes the number of cases lost
we are to evaluate probability of losing more than 36 i.e P(x > 36)
This will be P(Z > (36 - 30.8)/2.6) = P(Z > 2)
using the z-score table, we have this probability to be 0.0228
so the number of weeks is given by 52*0.228 = 1.19
which is approximately 2
The correct answer is that Reserve banks are <u>regional banks</u> that help the <u>central bank</u> to carry out its duties.
<u>Summary: </u>Due to the United States economy represents a very large geographical area, <em><u>the Federal Reserve</u></em> operates in <em><u>twelve regions or districts throughout the nation.</u></em> Those districts are located in Atlanta, Boston, Chicago, Cleveland, Dallas, Kansas City, Minneapolis, New York, Philadelphia, Richmond, San Francisco, and St. Louis. Every district has three main responsibilities:
1. Supervise the implementation of the<em><u> Federal Reserve's</u></em> monetary policy.
2. Provide financial services and lend money to regional banks within its district.
3. Collect and analyze data to be used by the<em><u> Federal Reserve Board (FRB) or the Federal Open Market Committee (FOMC).</u></em>
Answer:
Not only did the railways provide greater opportunity through extending markets, but they also stimulated more people to start businesses and thereby enter the markets. An extended marketplace provided a greater number of individuals the opportunity to produce and sell goods.
Explanation:
