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Ber [7]
3 years ago
8

Suppose an economy experiences an increase in unemployment across all industries. What is the result of this increase in unemplo

yment on the production possibilities curve?
Mathematics
1 answer:
Nastasia [14]3 years ago
6 0

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

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At least 96.00​% of the data in any data set lie within how many standard deviations of the​ mean? Explain how you arrived at yo
zheka24 [161]

The answer assumes that the question is about the <em>normal distribution</em>.

Answer:

96% of the data in any data set <em>normally distributed</em> is 2.05 <em>standard deviations</em> <em>above</em> and <em>below</em> the mean.

Step-by-step explanation:

The key to solving this question is having into account that exists the <em>standard normal distribution</em> that permits obtaining any probability from any normally distributed data, doing the following transformation:

\\ z = \frac{x-\mu}{\sigma}

That is, in this case, we subtract a given value <em>x</em> from the <em>population mean</em> and then divide the result by the <em>population standard deviation</em>. This is a z-score, and this value is associated with the probability for a <em>standard normal distribution</em>, with a population mean = 0 and population standard deviation = 1.

Fortunately, for the <em>standard normal distribution</em>, there is associated a ubiquitous <em>standard normal table</em> for possible values of <em>z</em> and the corresponding probability. Then, knowing that the data are <em>normally distributed</em> and having both distribution <em>parameters</em>, namely, the <em>population mean</em> and <em>population standard deviation</em>, we can consult any standard normal table to find the probabilities for any data distributed following the normal distribution.

However, even without previously know the values of the normal parameters, the standard normal distribution can tell us how many standard deviations from the mean are 96.00% of the data for every normally distributed population.

<h3>Solving the question</h3>

Having all this information at hand, we know that <em>the z-score value tells us how many standard deviations</em> <em>from the mean</em> are the data normally distributed. As a result, we can determine how many standard deviations below and above the population mean represent the 96.00% of the cases for this normal distribution consulting a <em>cumulative standard normal table from the mean</em>.

If we divide 96.00/2 = 48, that is, 0.48, we need to find the z-score for this probability consulting a <em>cumulative standard normal table from the mean</em>. The values for a z-score for that probability is z=2.05, approximately. So, since the normal distribution is also symmetrical, those values are above and below the mean, that is, z =2.05 (above) and z=-2.05(below).

Thus, 96% of the data in any data set normally distributed is 2.05 <em>standard deviations</em> <em>above</em> and <em>below</em> the mean.  

 

5 0
3 years ago
Using {0,1,3,4,5,6,9}, how many four-digit numbers with different digits can be produced between 4000 to 5000, if the numbers mu
bogdanovich [222]

Answer:18

Step-by-step explanation:

8 0
3 years ago
!!!!!!!!!! !!!!!!!!!!!!
jeyben [28]

Answer:

B

Step-by-step explanation:

6.5 * 24 = 156

Therefore B

4 0
3 years ago
The midpoint of AB is M(0, 3) If the coordinates of A are (4, - 1) , what are the coordinates of B?
Harlamova29_29 [7]

-4;4

XB=0*2-4

YB=3*2-(-1)

3 0
3 years ago
PLEASEE HELP ME!!!!
Svet_ta [14]

The angle would be 35 degrees (the complement is 90-35 = 55 degrees.)  Hope this helps!

3 0
3 years ago
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