Answer:
The correct answer is 224.75
Step-by-step explanation:
Answer:
Step-by-step explanation:
income elasticity of demand for the good X = % change in quantity demanded / % change in income of consumer = - 15 / 2 = - 7.50 negative since it is a decrease in demand.
and the good X is an inferior good since increase income brings about a decrease in quantity demanded of the goods compared to normal good where a decrease in income brings about decrease in quantity demanded and an increase in income brings about increase in quantity demanded.
Answer:
there both cercles
Step-by-step explanation:
Answer:
D. A value of 0.9 is more than 2 standard deviations from the mean
Step-by-step explanation:
In the figure attached, the distribution of data is shown.
From the picture we can see that:
- The data has a standard deviation of 0.15 (= 0.5 - 0.35 = 0.65 - 0.5)
- The mean of the data is 0.5
- A value of 0.7 is more than 1 standard deviation of the mean.
- A value of 0.9 is more than 2 standard deviations from the mean (0.8 is 2 standard deviations from the mean)