X would equal -1/4 because you would do an opposite reciprocal
U={0,1,2,3, 4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19}
N={1,2,3,6,9,18}
Answer:
p - 0.05p
Step-by-step explanation:
The price of the car is p.
You must subtract from p the amount of 5% of p.
5% of p = 5% * p = 0.05p
5% of p is the same as 0.05p.
Now we subtract 0.05p from p.
p - 0.05p
Answer: 9.2 years
Step-by-step explanation:
Given the following :
Mean(m) = 11.7 years
Standard deviation (s) = 1.2 years
Recall the z-score formula :
Z = (x - m) / s
We can find the z-score by locating the value of 2% in the negative z-table, then solve for x.
2% = 0.02
0.02 falls most closely to 0.02018whuch is under - 2.05.
Using the z-score value in the formula above :
-2.05 = (x - 11.7) / 1.2
Cross multiply
(-2.05 × 1.2) = x - 11.7
-2.46 = x - 11.7
x = - 2.46 + 11.7
x = 9.24 years
Keep in mind that we're framing it based on what the first sentence says, which is "If the cost of a competing factor of production, such as a machine that also could do the job, rises".
So if the cost of getting a machine part, various parts, or the entire machine cost rises, then demand for the machine will go down. This will make employers seek out substitutes. In this case, those substitutes would be human labor. As employers demand for labor goes up, the wages will rise assuming the supply of workers is held constant. If the supply of workers increased, then you could argue the wages could go down. So that's why I'm assuming the supply is held in check.
