The probability that four or five of the upcoming flights would be overbooked, which is calculated as the sum of those probabilities, is 0.446.
What is probability?The area of mathematics known as probability deals with numerical representations of the likelihood that an event will occur or that a statement is true.
The probability of having at least 4 flights overbooked can be defined as :
P(X ≥ 5) = P(X = 4) + P(X = 5)
From the probability distribution on the histogram :
P(X ≥ 5) = 0.332 + 0.114 = 0.446
Thus, the probability of having 4 flights overbooked ls 0.446.
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The original price of a box of facial tissues is $3, the original quantity is 8000 boxes. The new price is $3.50 and the new quantity is 7500 boxes. Find the price elasticity of demand. Is it elastic or inelastic?
Question 4 options:
.375, inelastic
2.67, elastic
2.14, inelastic
.467, elastic
Answer:
0.467, inelastic
Explanation:
The price elasticity of demand can be calculated using the following formula:
% Change in Quantity Demanded / % Change in Price
Using this formula:
(7500 - 8000) / 8000 = -0.0625
(-0.0625) / (3.5 - 3) / 3 = -0.467
So the price elasticity of demand is -0.467.
When the price elasticity of demand is between -1 and -0, it is considered inelastic. Since -0.467 is between -1 and -0, the demand is considered inelastic.
Therefore, the answer is 0.467, inelastic
The price elasticity of demand is 0.467, and it is inelastic in nature. When the price elasticity of demand is between -1 and -0, it is considered inelastic. Since -0.467 is between -1 and -0, the demand is considered inelastic.
Thus, the last option is the correct answer.
What is price elasticity of demand?The price elasticity of demand is the ratio of the percentage change in quantity demanded to the percentage change in price for a product. Economists use it to understand how supply and demand change when the price of a product changes.
The price elasticity of demand can be calculated using the following formula:
% Change in Quantity Demanded / % Change in Price
% Change in Quantity Demanded= (7500 - 8000) / 8000 = -0.0625
Price elasticity of demand = (-0.0625) / (3.5 - 3) / 3
= -0.467
Therefore, the price elasticity of demand is -0.467.
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This chapter emphasizes how broad the discipline of anthropology is and how many different kinds of research questions anthropologists in the four subdisciplines pursue. What do you think are the strengths or unique opportunities of being such a broad discipline? What are some challenges or difficulties that could develop in a discipline that studies so many different things?
Answer:
Explanation:
The strengths or unique opportunities of being such a broad discipline like Anthropology is that it allows for a wide range of research questions to be explored and studied. Anthropologists can study various topics such as human evolution, culture, language, and social organization, to name a few. This diversity of research questions allows for a better understanding of human nature and the complexity of the human experience. Additionally, the holistic approach of anthropology allows for understanding human cultures and societies in their entirety, rather than focusing on one specific aspect.
However, one of the challenges or difficulties that could develop in a discipline that studies so many different things is that it can be difficult to establish a common ground or shared understanding among anthropologists. Anthropologists may have different research methods, theories, and perspectives, which can lead to a lack of consistency within the discipline. Additionally, the breadth of the discipline can also make it difficult to gain recognition and funding for certain research projects or to establish a clear career path for anthropologists.
SOAPstone for the powdered wife by John smith?
The chapter tells the tale of a husband who, during a period of famine in Virginia, killed and ate his wife and juxtaposes it with the adage "never married as if you were going to Virginia."
What is The powered wife?
Some people who ventured into the woods in search of relief perished while looking for it and were eaten by others who discovered them dead. They meant salted when they said powder.
In its minutes from that year, the General Assembly of Virginia recorded that one man had killed and powdered up his wife in order to consume her, for which he had been burned.
Therefore, the chapter tells the tale of a husband who, during a period of famine in Virginia, killed and ate his wife and juxtaposes it with the adage "never married as if you were going to Virginia."
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a) Identify the counties (regions) with the most export-related jobs and those with the highest proportion of export-related jobs.
b) Draw a conclusion about the relative importance of exports on jobs in Ohio and in Florida.
c) Based on the information graphic, discuss a potential political or electoral impact of export-related jobs in Ohio and in Florida.
Answer:
Explanation:
Ans:- a) The country(region) with most export related job can be found in the region of Detroit country involved is Ohio. As the graph shows the majority of blue mark nearby the region of Detroit so, majority of export activity involves most jobs
a) The country(region) with most export related job can be found in the region of Detroit country involved is Ohio.
b) As we observed that most of the jobs are created due to export activity in Florida and people are much more dependent of export despite less volume of export activity.
c) In Ohio potential political or electoral has more impact and can serve as greater importance in Export related job as the government can imply polices and programme to increase the jobs in Export sector.
What is an exports?Exports are goods and services produced in one country and sold in another. International trade is made up of exports and imports. Instead of limiting themselves to their own borders, countries frequently seek out external markets all over the world for commerce.
Exports are critical to modern economies because they provide people and businesses with access to a wider range of markets. One of the primary functions of government diplomacy and foreign policy is to promote economic trade, encouraging exports and imports for the benefit of all trading parties.
Export agreements are frequently heavily strategic, with countries exchanging agreements to ensure that their own country not only receives the goods they require through exports, but also distributes goods for increased domestic revenue through imports.
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Complete question:
Use the information graphic here to answer the questions.
a) Identify the counties (regions) with the most export-related jobs and those with the highest proportion of export-related jobs.
b) Draw a conclusion about the relative importance of exports on jobs in Ohio and in Florida.
c) Based on the information graphic, discuss a potential political or electoral impact of export-related jobs in Ohio and in Florida.