Every economic decision has "a consequence or tradeoff" - this final answer choice is correct. Every time that an individual, business, or institution makes an economic decision, they always forgo an opportunity to use the same capital or resources for other endeavors. As such, there is a tradeoff incurred by not making the decision to use the resource in another manner. This is known as opportunity cost and is one of the fundamental tenets of economic theory.
Answer:
The Z score of the person is -3.09.
Step-by-step explanation:
The standard normal deviate (Z) for a normal distribution is given by

where,
X = the value of observation
is mean of the observations and
σ = standard deviation of the score
Applying values we get

Answer: 9
Step-by-step explanation:
Based on the information given in the question, the expected number of people who pass will be calculated as:
= Probability of passing the driving test × Number of people tested
= 65% × 15
= 0.65 × 15
= 9.75
Therefore, expected number of people who pass is 9.
Answer:
The reasonable prediction for successful rolls is 4.
Step-by-step explanation:
Assuming the rolling cube is a fair 6 sided cube, so the probability of success of one roll is given as


The total success is given as

For 24 rolls it is given as

So the reasonable prediction for successful rolls is 4.