Based on the payoffs and the probabilities given, we can calculate the mean to be <u>0.8 shots made. </u>
<h3>What is the mean?</h3>
The mean in this scenario will be a weighted average of the probabilities that a number of shots will be made.
The mean will be:
<em>= ∑ (Number of shots x Probability of number of shots)</em>
= (0 x 0.36) + (1 x 0.48) + (2 x 0.16)
= 0.8 shots
In conclusion, the mean is 0.8 shots.
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Because of the difference between the discipline imposed by market competition and the discipline imposed by political decisions, there is bound to be A. difficulty managing public investment so it's done in a cost-effective way.
<h3>What is a competitive market?</h3>
This is s a structure in which no single consumer or producer has the power to influence the market
The characteristics of a competitive market are:
- Homogeneity of product.
- No existence of buyers or sellers.
- Access to information.
- No charge fr yranascation cost.
- No barries to entry or exit.
Hence, because of the difference imposed by the market and political decisions, the government borrowing cannot be reduced neither will there be an increase in the tax budget nor will the government budget hide the rate of private investment.
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The real return is the difference between the nominal and actual rate of inflation. Therefore, the real return revived by Luigi will be 6%.
<u>Given</u><u> </u><u>the</u><u> </u><u>Parameters</u><u> </u><u>:</u>
- <em>Nominal rate = 7% </em>
- <em>Actual rate of inflation = 1%</em>
<em>Real return = Nominal rate - Actual rate of return </em>
Real Return = 7% - 1% = 6%
Therefore, the real return on Luigi's money would be 6%
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Answer:
A. Earth's rate of rotation and revolution
