Solve.

for simplicity, let X=M G = 1 I = 2 if you like decimals C = 3 + 0.75Y or if you prefer fractions C = 3 + 3/4Y the simple multip

serg [7]

Answer:

the simple multiplier is equal to 4

Step-by-step explanation:

In an economic model,

Y= C + I + G + (X - M)

the average expenditure Y must be equal to the totality of the output

If C = 3 + 0.75Y

where;

marginal propensity to consume MPC = 0.75

Then,

Y = 3 + 0.75Y + 2 + 1

Y = 6+0.75 Y

Y - 0.75 Y = 6

0.25 Y = 6

Y = 6/0.25

Y = 24

However, the simple multiplier can be expressed as:

$=\dfrac{1}{1 - MPC}$

$=\dfrac{1}{1 - 0.75}$

$=\dfrac{1}{0.25}$

= 4

7 0

3 years ago

A driver has three ways to get from one city to another. There is an 80 % chance of encountering atraffic jam given he is on rou

lukranit [14]

Answer:

The probability is 0.64

Step-by-step explanation:

What we want to calculate here is conditional probability.

Let P(A )= Probability of using route A = 50% = 0.5

Let P( B )= probability of using route B = 25% = 0.25

Let P (C )= probability of using route C = 25% = 0.25

Let T be the probability that he will be in a traffic Jam

The probability that he will be in a traffic Jam if he uses route A = 80%

Mathematically this is written as P( T | A) which is read as probability of T given A

so P( T | A) = 0.8

Same way for B and C which can be written as follows;

P( T | B) = 60% = 0.6

P( T | C) = 30% = 0.3

Now, what do we want to calculate?

He is in a traffic Jam, and we want to find the probability that he used route A. This means we want to find P(A) given T which can be written mathematically as P ( A | T)

We can find this using the other parameters and especially the equation below;

P ( A | T) = P(A) • P( T| A) / {P(A) • P ( T | A) + P(B)• P(T| B) + P(C) • P(T|C)

P( A | T) = (0.5 * 0.8)/ ( 0.5)(0.8) + (0.25)(0.6) + (0.25)(3) = 0.4/(0.4 + 0.75 + 0.075) = 0.4/0.625 = 0.64

4 0

3 years ago

Trigonometry Special Right Triangles Find the exact value of tan 30* + sin 90* + cot 60*.

fredd [130]

Answer:

1 + 2sqrt(3)/3

Step-by-step explanation:

tan(30) = sqrt(3)/3

sin(90) = 1

tan(60) = sqrt(3)

cot(60) = 1/sqrt(3) = sqrt(3)/3

sqrt(3)/3 + 1 + sqrt(3)/3

1 + 2sqrt(3)/3

3 0

3 years ago

The ANOVA procedure is a statistical approach for determining whether or not the means of:______.

Mandarinka [93]

Answer:

a. two or more samples are equal.

Step-by-step explanation:

ANOVA (Analysis of Variance) is a statistical procedure that could be used to compare two or more population means are equal.

Remember, the means referred to here is the expected value or average value of a set of numbers, which is calculated by summing the values in a given set divided by the number of values. Also, put simply, the analysis of variance is a measure of how much differences exist out a data set.

7 0

3 years ago

You give 1/2 up a $46,000 salary to go back to school for 5 years. The total cost for going to school is $22,000. How much money

Ket [755]

The individual needs to earn $74,750 salary per year in order to recover the investment in 4 years.

What salary amount makes the individual as they were without a salary cut?

By the time the individual resumes back for work after 5 years, they need to earn their previous salary of $46,000 and recover the lost salaries, which is half of $46,000 lost in the last 5 years.

Total salaries lost=1/2*$46,000*5years

Total salaries lost=$115,000

Because the salaries lost needs to be recovered over 4 years, the extra earnings over and above the $46,000 in 4 years is the total salaries lost divided by 4 years

extra salary per year=$115,000/4

extra salary per year=$28,750

Total salary now=prior salary+ extra salary per year

Total salary now=$46,000+$28,750

Total salary now=$74,750

Find out more about investment payback on:brainly.com/question/23149718

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4 0

2 years ago