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Mademuasel [1]
3 years ago
7

A country's balance of payments is divided up into three categories, the

Mathematics
1 answer:
FinnZ [79.3K]3 years ago
6 0

Answer:

B) the flow of goods and services

Step-by-step explanation:

Balance of payments (BOP) is a statement of all transactions made between one country and the rest of the world at a particular period of time. It is also called balance of international payment. BoP is divided into current and capital account.

1. The current account: This is account of country's net trade in goods and services, net earnings on cross-border investments, and its net transfer payments. The current account measures the flow of goods and services.

2. The capital account: This is a country's imports and exports of capital and foreign aid. It can also be called financial account.

The sum of all transactions recorded in the balance of payments should be zero.

Balance of payment deficit is when a country's import is higher than its export.

Balance of payment surplus is when a country's export is greater than its import.

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A national survey indicated that 30% of adults conduct their banking online. It also found that 40% are under the age of 50. and
Svet_ta [14]

Answer:

Step-by-step explanation:

Hello!

I'll express all the given percentages as probabilities:

Given the events:

Banking online (Bo)

Under the age of 50 (<50)

P(Bo)= 0.30

P(<50)= 0.40

P(Bo ∩ <50)= 0.25

1) What percentage of adults do not conduct their banking online?

The event "adults that do not conduct their baking online" is the complement of the event "adults that conduct their baking online" Symbolically Bo^c

P(Bo^c)= 1 - P(Bo)= 1 - 0.30 = 0.70

2) What type of probability is 25%?

The probability P(Bo ∩ <50)= 0.25 is a joint probability, it indicates the intersection between both events.

3) Construct a contingency table showing all joint and marginal probabilities.

Check attachment.

4) What is the probability that an individual conducts banking online given that the individual is under the age of 50?

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                       P(<50)            0.40

I hope it helps!

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