Given that <span>Kathy
wants to buy a house at least 2,500 square feet in size. She looks at
Pat's house. Pat honestly and reasonably believes the house has 2,600
square feet of floor space, and he tells her that. Kathy agrees to buy
the house. When the house is measured, she learns that it has 2,400
square feet of floor space. Kathy can seek to rescind the contract on
the basis of Pat's innocent misrepresentation.</span>
Answer:
the sample of individuals from whom content is gleaned may not be statistically representative of the marketplace.
Explanation:
The product that is promoted by Marketing team tend to be suitable only for costumers with specific set of characteristics. (Could be depended on their age, income, gender, etc)
The data that is gained from internet more often than not will come from anonymous Account. You can never be sure about the account's owner identity and characteristic.
Which mean that the person from which the data is taken do not necessarily represent the market demographic that the marketing team want to target.
Answer:
6.9%
Explanation:
The May be life insurance corporation is trying to sell an investment policy
This policy will pay $33,000 per year forever
A sales associate mention that the policy would cost $478,000
Therefore, the interest rate at which it will be a fair deal can be calculated as follows
Interest rate= Annual inflows/present value
= 33,000/478,000
= 0.0690×100
= 6.9%
Hence the interest rate at which it would be a fair deal is 6.9%
The possible problem of a free-rider befalls when those who avail of resources, well-founded, or services do not pay for them, which leads to an underprovision of those goods or services. For example, a free-rider may often ask for accessible parking lots from the ones who have already paid for them, in order benefit from free parking.
