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harkovskaia [24]
2 years ago
7

explain why the percentage of poeple with $300,000 or more increase so substantially across the age groups​

Business
1 answer:
Tpy6a [65]2 years ago
8 0

Because in <u>accumulation of wealth, older people have an advantage</u>.

Explanation:

Older people tend to have more money simply because:

<u>1. they have had longer careers and hence are expected to have better salaries with better positions</u>

<u>2. they have had more time to save up capital and invest.</u>

Every age group chronologically is more able to collect money in their working years. Young people starting their careers are less likely to be able to accumulate wealth to have a worth that much.

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Naomi is sixteen and she would like to open a savings account. Select each of the steps she will need to take.
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I think its all the above except for they might be trying to trick you because at sixteen a guardian or parent has to sign aswell.
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2 years ago
Ward Doering Auto Sales is considering offering a special service contract that will cover the total cost of any service work re
kodGreya [7K]

Answer:

a. The probability that any one customers service costs will exceed the contract price of $200 is 0.0228

b. Warda expected profit per service contract is $50

Explanation:

a. In order to calculate  the probability that any one customers service costs will exceed the contract price of $200 we would have to calculate first the z value as follows:

z=x-μ/σ

z=$200-$150/$25

z=2

Therefore, probability that any one customers service costs will exceed the contract price of $200 is p(x>$200)=p(z>2)

=1-p(z≤2)

=1-0.9772

=0.0228

The probability that any one customers service costs will exceed the contract price of $200 is 0.0228

b. To calculate Warda expected profit per service contract we would have to make the following calculation:

Warda expected profit per service contract=service charge per contract-expected cost

Warda expected profit per service contract=$200-$150

Warda expected profit per service contract=$50

Warda expected profit per service contract is $50

4 0
2 years ago
Joe takes a dollar from the cash register every day and does not tell anyone about it. Sara’s cash register is $2 short because
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6 0
2 years ago
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Answer:

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Pani-rosa [81]

Answer:

The correct answer are option D for both questions.

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While during expansion, there is a boost in economy. So, with increase in investment and production, the unemployment rate falls. There is a rise in inflation rate as well.

Though even in the stages of recovery, the unemployment rate continues to increase because some firms are pessimistic and are operating below their capacity. Also, the rate of growth of labor force is higher than rate of employment growth, which leads to increase in unemployment.  

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