Answer:
Expected value is 5.5
Explanation:
Expected value = sum of X*P(x)
= 1/4*2 + 1/4*4 + 1/4*6 + 1/4*10
= 0.5 + 1.0 + 1.5 + 2
.5
= 5.5
Answer:
35.29%
Explanation:
Data provided in the question:
Market price of the used book = $85
Discounted price = $55
Now,
The percentage change in the book price will be calculated as:
=
on substituting the respective values, we get
=
= 35.29%
Hence,
the percentage change in the book price is 35.29%
Answer:
Value of nominal GDP ; PY = $ 1380 ans.
Explanation:
Monetarism is an economic school of thought that stresses the primary importance of the money supply in determining nominal GDP and the price level. The "Founding Father" of Monetarism is economist Milton Friedman. He said that Inflation is always and everywhere a monetary phenomenon.
We begin with the equation of exchange. This is the building block for monetarist theory. It says that
M × V = P × Y
where M is the quantity of M1
V is velocity of M1, or the average number of times that the dollar turns over in a given year on the purchase of final goods and services
P is the price level, and Y is real output.
Now changes in M V will change the nominal GDP ; P Y
Initially, we have M V as 200 ( 6) =$1200
Now , we have M = $200 and V = 6 + 15% ( 6 )
V = 6 + 0.9 ; V = 6.9
MV = PY
MV = 200 ( 6.9 ) ; MV = $1380
Hence, value of nominal GDP ; PY = $ 1380 ans.
Luwam is convinced that her product idea has great potential. She has decided to produce the product herself, but will use other companies who specialize in storing and transporting products to help her move the product from where it is manufactured to the final consumer. These specialists Luwam uses will be part of her: "channel of distribution".
<h3>What is channel of distribution?</h3>
A product or service could travel down a distribution channel to reach the market. A corporation can sell to customers directly through a direct distribution channel, which is typically a website or physical store.
Some characteristics of channel of distribution are-
- A distribution channel is a network of businesses or middlemen where the final consumer buys a product or service.
- Wholesalers, retailers, distributors, and the Internet are examples of distribution channels.
- The manufacturer sells directly to the customer through a direct distribution channel. Before the product reaches the customer, indirect routes use a number of middlemen.
- The product, promotion, and price are other components of a company's marketing plan, which also includes a distribution channel, usually referred to as placement.
Therefore, the length of a distribution channel depends on how many middlemen are needed to distribute a good or service.
To know more about the distribution channel, here
brainly.com/question/15101442
#SPJ4
