Probablity is (desired outcomes)/(total possible)
desired is your tickets: 5
total possible=500
probability is 5/500=1/100=1%
Answer: The value of cross price elasticity is 1.6.
Step-by-step explanation:
Since we have given that
Percent change in price = 10%
Percent change in quantity = 16%
So, we need to find the cross price elasticity between the two movie club memberships.
As we know the formula for cross price elasticity :

Hence, the value of cross price elasticity is 1.6.
Answer:
3.2 in fraction form is 3 1/5
if the . is a multiplication sign then it is 6
For this case we can use the following rule of three:
$ 500 ---------> 100%
$ 400 ---------> x
Clearing x we have:
x = (400/500) * (100) = 80%
Therefore, the percentage of decrease in the rent is:
p = 100-x
p = 100-80
p = 80%
Answer:
a proportion can be used to calculate p is:
p = 100 - ((400/500) * (100))
Answer:
Impossible.
Step-by-step explanation:
You cannot divide by a 0.