Consider the following cumulative distribution function for the discrete random variable X. X P(X sx) O 0.44 O 0.56 O 0.14 1 O 0.30 0.30 What is the probability that X equals 2? 2 0.44 4 3 0.72 4 1.00

Q: why do we minus the 30,000? cant we just only add up the cost iccured by this decision?

A: Opportunity cost means the forgone income.  It means what actual amount we have lost in acquiring…

Q: 5) A consumer has a fixed weekly budget (B) of $100 to spend on two goods (X and Y). Given unit…

A: “Since you have asked multiple questions, we will solve only one question for you i.e. question…

Q: did you get 0.2Y?

A: The aggregate expenditure is the sum total of consumption, investment, government expenditures.

Q: What ethical issues could an online venture that sells Houdoran coffee beans address, encounter, or…

A: The objective of the question is to identify and discuss the potential ethical issues that an online…

Q: What are the similarities and differences betweenthe product and retail life cycles?

A: The lifecycle of the product can be described as the phases that a newly launched product achieves…

Q: What is the role of the procurement or negotiations professional?

A: To work out a deal, negotiations professionals play a crucial role and they are much critical in…

Q: What about 2& 3?

A: In an economy, an individual will make his consumption decision based on his preferences and that…

Q: What will be the Savings given that income is $3200 and APS is 0.48

A: The data presented in the question above is:- Income = $3200 Average propensity to save = 0.48…

Q: The cost (supply) of each "unit" of NPR (National Public Radio) is P=9. Derek's valuation for each…

A: MC of NPR = 9 Derek's Valuation : Pd = 20 - 2Qd Qd = (  20 - Pd)/2 Kim's Valuation : Pk = 10 - Qk…

Q: 20+100+200000

A: 100+20+200000120+200000200120

Q: allon) $2.20 $2.00 $1.80 $1.60 $1.40 $1.20 $1.00 D i. 300 400 500 600 700 800 Quantity of Gasoline…

A: Disclaimer :- since you asked multipart questions we are solving first 3 subparts as per given…

Q: Provide a brief description of what a Solar panel Tech does.

A: Because of solar panel tech,solar energy can be converted into electricity. Solar panels are used on…

Q: How does cocooning affects the Logistic & Transportation of products & services in the Hospitality…

A: Cocooning: It refers to the people who are mostly living in the home. It is the leisure time of the…

Q: What is land property

A: Land: It refers to the asset of the people. More land with the people shows that are rich. The less…

Q: Government-imposed taxes cause reductions in the activity that is being taxed, which has important…

A: There are many sub-parts of the question. As per honor code, we can only provide solution of first…

Q: Q4/ A factory for the production of ceiling fans employs 500 labors with an annual productivity 80…

A: Production efficiency refers to the extent to which a production process is able to convert inputs…

Q: Where did the 1/2 come from or what is it.

A: Producer surplus is the area below price and above supply curve.  Producer surplus is the area of…

Q: If you want to minimize interest payments on a loan, you'll need one that has a simple interest rate…

A: When talking about the future worth of an investment, it can be said that the future worth depends…

Q: What is the AW of the outside treatment

A: The annual worth is the net of all the profits and costs incurred over one year. Thus we present the…

Q: A sweater was on sale at 40% off the regular price. Ella saved $20 by buying the sweater on sale.…

A: A sweater was on sale at 40% off the regular price. Ella saved $20 by buying the sweater on sale.…

Q: Explain ZONING AND LAND USE?

A: Zoning is when government used some restriction and condition to use the land that’s called zoning.

Q: device that cost 50000 at the start of the year lose 10% of its value each year. find out how much

A: It is given that  Present value = 500000 Reduced value = x Rate of depreciation = 10% p.a. Number of…

Q: What about calculating 2-6?

A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…

Q: Sector What is

A: An economy is an area that engages in production and distribution of goods and services. The term…

Q: Who are your manpower

A: It is advisable to retain a large number of staff in surplus in software service-oriented…

Q: how did you get 30.205?

A: Consumption in first period:q1=15.385Consumption in next period:q2=15.205

Q: How to calculate hourly recovery tariff

A: Hourly recovery tariff, also known as an hourly recovery rate, is a term used in cost accounting and…

Q: hi you have not specified how you got 1.152

A: Given information: The UK inflation rate is predicted to be 10% The Eurozone inflation rate is…

Q: o written by hand solution Charmaine buys candy that costs $6 per pound. She will buy more than 7…

A: Cost of Candy = 6 she will buy 7 more candy

Q: The product was in regards to bread

A: When talking about economic rent, it refers to the additional benefits that a firm collects due to…

Hypothesis Testing

In statistics, there are two ways to calculate the sample data. One is descriptive statistics and the other is inferential statistics.  In descriptive statistics, all of the information is defined through graphs and charts. In inferential statistics, it allows one to test the hypothesis and it is always used to predict the data. Inferential statistics has two main areas: estimating parameters and hypothesis testing. A hypothesis is a statement about the unknown parameter of the population which we want to verify from the information available from the sample. The premise may or may not be true. The estimation of the whole population would be a reasonable way of deciding if the statistical hypothesis is valid. There are two types of hypotheses. They are null hypothesis and alternative hypothesis.