Answer:
The price elasticity of demand is calculated as the percentage change in quantity divided by the percentage change in price.
Answer:
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Best jump=4.25+0.12(4.25)=4.76
best jump=75% of winning jump
Winning jump=4.76/75×100=6.35m
The formula to calculate the z-score of a certain value is:
z = (x - (mean))/(standard deviation)
In this example, the x-value is 450, the S.D. is 100, and the mean is 500.
So, substitute these values into the formula.
z = (450-(500))/100
z=-50/100
z=-0.5
Therefore, the z-score is -0.5.