Answer:
0.216
Step-by-step explanation:
Given that a certain new type of business succeeds 60% of the time.
3 such businesses are tested for success.
Since these three businesses open (where they do not compete with each other, so it is reasonable to believe that their relative successes would be independent). we can say X no of successful businesses is Binomial
with p = 0.6 and n =3
Required probability
=The probability that all 3 businesses succeed is:
= 
2,640 this year
2,112 last year
the 1760 is 20% less than - so 120% of 1760 is the previous year:
1760 * 1.2 = 2112
2112 increased by 25% is a total of 125%:
2112 *1.25 = 2640
Answer:
41/3
Step-by-step explanation:
6 + 6 + 5/6 + 5/6
Production would take place at a point inside the production possibility frontier
The Production possibilities curve is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.
The PPC is concave to the origin. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
Points inside the production possibilities curve means that the nations resources are not being fully utilised
When the unemployment rate increases, it means that labour resources are not been fully utilized. As a result, production would take place at point inside the production possibilities curve
Point outside the curve or to the right of the curve means that the production level is not attainable given the level of resources
Learn more about the production possibility curve here : brainly.com/question/12047178?referrer=searchResults
Answer:
I Cant See
Step-by-step explanation:
