The Answer is A. Railroad owners sold stock to investors to finance the construction of railroads
Answer:
The average number of misprints per page in a company’s annual reports is 0.4. If a page is selected
at random, find the probability that it will contain more than two misprints. (5 marks)
(b) On average, one in every four new clients approached by an insurance salesman purchases an insurance policy. Suppose that the salesman approaches five new clients.
(i) Find the probability that exactly two will buy a policy. (5 marks)
(ii) Find the probability that at least two will buy a policy. (5 marks)
If an important resource, such as oil, becomes unavailable, the production possibilities curve a. shift inwards.
"The production possibility frontier (PPF) is a curve on a graph that depicts the possible amount that can be produced or made of two products, if both are based upon the same limited resource for their creation. The Production Possibility Frontier is also termed as the production possibility curve. If it shifts inwards, it means the economy is shrinking due to a collapse in issuing resources and production capacity."
"The production possibility curve (PPC )is necessary because it helps in indicating the maximum possible production of items , in fixed resources. In macroeconomics, economists study and support a country or other organization's economic activity with its help."
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