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The Machine Learning is known to be a textbook that was written by Tom Mitchell, McGraw Hill in the year 1997.
<h3>What is the book about?</h3>
This book is known to give student a kind of single source introduction to the scope or field of machine learning.
Note that It is said to be a kind of a well written text book that is made for advanced undergraduate, graduate students, and also it can be used by developers and researchers in regards to artificial intelligence or statistics is assumed.
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1) how does everyone’s belief system different based on their culture?
2)how has bio diversity affected ecosystem loss?
3)how can changing communities affect a person?
4)how has technology and the digital world affected generations in the last 10 years?
5)how do family’s live out and make up there own custom traditions?
6) how have humans affected our environment and everything around us?
7)how can sustainable living affect a person who has not had sustainable living there whole life?
8) how can trade aid different countries?
The price elasticities of demand of sugar-free gummy bears and of ordinary gummy bears is -0.8 and -2.3 respectively.
<h3>How to calculate price elasticity</h3>
Change in price of gummy bears = $2. 60 to $3
Elasticity of demand of sugar-free gummy bears =
[(273-379 / (273+379)/2] ÷ [(3.00-2.60)/(3.00+2.60) / 2]
= [-18/166] / [0.4/2.8]
= -0.10843373493975 / 0.14285714285714
= - 0.75903614457826
Approximately, -0.8
Elasticity of demand of regular gummy bears:
Sugar free = [(273-379) / (273+379)/2] ÷ (3.00 +2.60) / 2]
= [-106/326] / [0.4/2.8]
= -0.32515337423312 / 0.14285714285714
= -2.2760736196318
Approximately, -2.3
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