The expected value is the sum of products of probability and value.
.. 0.40*(-$25000) +0.25*($0) +0.35*($25000) = -$1,250
The expected value is a loss of $1250.
Answer:
X=4.5
Explanation:
It is 4.5 because 1\2 of 4x is 2x. 1\2 of 2 is 1. Then you need to subtract 1 from 10. Then you need to divide 9 by 2.
Answer:
Aggregate demand in Maggietopia will shift to the left if there is an increment of the lump-sum taxes to about $2 Billion.
A lump-sum tax refers to taxes where everyone has to pay a fixed amount. Regardless of how it designed, taxes serve to reduce disposable income. When disposable income reduces, there are adjustments to demands.
Cheers!
According to a different source, this question refers to the text "The Chinese Civil Service Exam System” by Ichisada Miyazaki.
In this text, we learn that the Chinese civil service examination system originated in Ancient China nearly fourteen hundred years ago. Therefore, it is one of the oldest examination systems in the world.
The system was intended to identify the most capable young men in China, and educate them so that they might become part of the government. However, this was a long, difficult and tedious process, and many students and tutors found useful shortcuts to learning. For example, rapid-study methods were devised, such as compiled collections of examination answers.
The Chinese government was aware of such methods, which were strongly condemned. Students who employed them were failed. The government also issued frequent prohibitions of the publication of such materials. However, the success of the business meant that such prohibitions were often unsuccessful.