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Annette [7]
2 years ago
3

Your friend says, “I have some extra money, but I’m not sure if I should save or invest it.” What key questions would you ask yo

ur friend to help them figure out what to do?
Business
1 answer:
Readme [11.4K]2 years ago
4 0

Answer:

Explanation:

1. Are you a risk taker?

In the investing world, the expected return that you get tends to come at corresponding with level of risk while saving provides almost at no return but have a lowest level of risk.

Of your friend say yes, let invest in somthing.

2. How old are you?

Age has a great influcen on a person's decision. If your friend are at middle age or above that age, he tends to prefer havving a safty solution. So saving may be the better option in both. On contrary, he should invest in something if he is still young.

3. Do you have any plans in short term that needs money?

Saving is the process of putting cold, hard cash aside so it can be used in the short-term, while investing is the process of putting money to work over a long term and holding or buying assets that will grow from compouded interest.

If he says yes, so let choose saving because this type has a higher liquidity

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The participants in a television quiz show are picked from a large pool of applicants with approximately equal numbers of men an
IgorLugansk [536]

Answer:

a) P(X \leq 2)= P(X=0)+P(X=1)+P(X=2)

P(X=0)=(11C0)(0.5)^0 (1-0.5)^{11-0}=0.00049

P(X=1)=(11C0)(0.5)^1 (1-0.5)^{11-1}=0.0054

P(X=2)=(11C0)(0.5)^2 (1-0.5)^{11-2}=0.027

And adding we got:

P(X \leq 2)= 0.033

b) P(X \geq 2)= 1-P(X

And replacing we got:

P(X \geq 2)= =1-[0.00049 +0.0054] = 0.994

c) P(X \leq 1)= 1-P(X

And replacing we got:

P(X \leq 1)=0.00049 +0.0054= 0.0059

Explanation:

Previous concepts

The binomial distribution is a "DISCRETE probability distribution that summarizes the probability that a value will take one of two independent values under a given set of parameters. The assumptions for the binomial distribution are that there is only one outcome for each trial, each trial has the same probability of success, and each trial is mutually exclusive, or independent of each other".

Solution to the problem

Let X the random variable of interest "number of women", on this case we now that:

X \sim Binom(n=11, p=0.5)

The probability mass function for the Binomial distribution is given as:

P(X)=(nCx)(p)^x (1-p)^{n-x}

Where (nCx) means combinatory and it's given by this formula:

nCx=\frac{n!}{(n-x)! x!}

Part a

For this case we want to find this probability:

P(X \leq 2)= P(X=0)+P(X=1)+P(X=2)

P(X=0)=(11C0)(0.5)^0 (1-0.5)^{11-0}=0.00049

P(X=1)=(11C0)(0.5)^1 (1-0.5)^{11-1}=0.0054

P(X=2)=(11C0)(0.5)^2 (1-0.5)^{11-2}=0.027

And adding we got:

P(X \leq 2)= 0.033

Part b

For this case we want this probability:

P(X \geq 2)

And we can use the complement rule and we got:

P(X \geq 2)= 1-P(X

And replacing we got:

P(X \geq 2)= =1-[0.00049 +0.0054] = 0.994

Part c

For this case we want this probability:

P(X \leq 1)

And we can use the complement rule and we got:

P(X \leq 1)= 1-P(X

And replacing we got:

P(X \leq 1)=0.00049 +0.0054= 0.0059

6 0
2 years ago
"Suppose you are the owner of a small t-shirt printing business. While conducting a cost analysis of your business, you find tha
Bad White [126]

Answer:

The average total cost of production will decrease.

Explanation:

Average total costs consists of total fixed cost plus the total variable cost divided by the number of output/unit produced.

Now, since the fixed cost is fixed and doesn't change due to the change in output, the fixed cost per unit or the average fixed cost will decrease when the output will increase. Hence, resulting in the decrease of the average total cost of production.

I hope I cleared your concept above.

Best of luck and Good luck.

3 0
2 years ago
Read 2 more answers
Which of the law ideas might be created under the Elastic Clause?
lara31 [8.8K]
<span>#1) Which of the law ideas might be created under the Elastic Clause?

Answer:
First we have to understand that the Elastic Clause is a statement in the constitution, Clause in Article I, Section 8 of the Constitution that gives Congress the right to make all laws “Necessary and Proper”. Its interpretation has caused many debates regarding the bounds of Congress in passing laws that are not expressly covered in the Constitution. Out of all the options that are available the most likely to be created under the elastic clause is A) rules for approving foreign treaties.

<span>I hope it helps, Regards. </span></span>
6 0
2 years ago
Read 2 more answers
Mr. Josh Kenney, a U.S. citizen and resident of Vermont, owns 100 percent of the stock of JK Services, which is incorporated und
Alekssandra [29.7K]

Answer:

a. Taxpayers in the scenario:

There are three (3) taxpayers and these are:

  • Mr. Josh Kenny
  • JK Services
  • JK Realty

b. Governments with jurisdiction:

  • Mr. Josh Kenny falls under the State of Vermont where he is a resident.
  • JK Services falls under the State of Vermont where it is incorporated and operates.
  • JK Realty falls under the City of Boston where it is operates.

4 0
2 years ago
National Family Opinion (NFO) contacts several hundred members of its consumer panel and provides them with a printed descriptio
netineya [11]

Answer: concept test

Explanation:

Based on the information given, we can infer that National Family Opinion (NFO) is conducting a concept test.

Concept testing is the process whereby surveys are used in the evaluation of the acceptance of a new product by the consumers before the product is introduced to the market.

Since the consumers are given a survey which contains different multiple-choice questions about their attitudes toward the new product,

Therefore, the correct option is B.

7 0
2 years ago
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