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yanalaym [24]
2 years ago
15

Decide whether the following example applies descriptive or inferential statistics:

Business
1 answer:
Anastasy [175]2 years ago
3 0

Answer:

Inferential statistics.

Explanation:

Inferential statistics involves making use of data to make generalisations.

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Suppose a firm produces with a technology that exhibits constant returns to scale at all levels of production. The firm's inputs
GREYUIT [131]

Answer:

Not change

Explanation:

In the long run we expect firms to earn zero profits. With competitive markets for both inputs and output, and with constant returns to scale, a doubling of all inputs would lead to twice as much output, twice as much revenue, and twice as much cost.

3 0
2 years ago
Match each type of GDP with its definition. the market value of all final goods and services produced by resources owned by citi
Firdavs [7]

Answer:

The market value of all final goods and services produced by resources owned by citizens of a particular country in a given year gross GDP

GDP adjusted to base year prices <em>real GDP</em>

GDP divided by population  GDP per capita

GDP adjusted for differences in the cost of living in different countries

<em>GDP power purchase parity</em>

the market value of all final goods and services produced by resources located in a particular country in a given year <em>gross national product GNP</em>

<em></em>

Explanation:

We are mathcing the definition with the term so it is self-explanatory

6 0
2 years ago
If it takes a fan 20 minutes to walk to her seat in the last section in the stadium and it takes 5 minutes to get to the lowest-
jenyasd209 [6]
The last section in the stadium
 t1 = 20min
 the lowest-level
 t2 = 5min
 The average between those two sections of the stadium to find a seat is:
 A = (t1 + t2) / (2)
 A = ((20) + (5)) / (2)
 A = (25) / (2)
 A = 12.5min
 Answer:
 The average time to find a seat in these two sections at the stadium is
 12.5min
5 0
1 year ago
Imagine that Stella deposits $25,000 in currency (which she had been storing in her closet) into her checking account at the ban
lapo4ka [179]

Answer:

The required reserves increases by $6.250

Explanation:

Step 1. Given information.

Stella deposits $25.000

Required reserve 25%

Step 2. Formulas needed to solve the exercise.

Required reserves = deposits * reserve ratio

Excess reserves = deposits - required reserves

Step 3. Calculation.

Required reserves = 25.000 * 0.25  = $6.250

Excess reserves = 25.000 - 6.250  = $18.750

Step 4. Solution.

The required reserves are $6.250 and the excess reserves is $18.750

5 0
1 year ago
In investments, each type of depreciation is defined by a particular event. Which of the following best describes a depreciation
Marysya12 [62]

Answer:

b. Economic depreciation is often tied to physical deterioration.

Explanation:

Based on the information provided within the question it can be said that the option that best describes this is Economic depreciation is often tied to physical deterioration. This is because physical deterioration refers to the loss of value that an asset has as it ages. Therefore as an asset's value decays this causes economic depreciation as it can no longer buy the same amount of goods and services in the market as before.

5 0
1 year ago
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