(d) A large number N of people are subjected to a blood investigation. This investigation can be organized in tv vays. (1) The blood of each person is investigated separately. In this case N analyses are needed. (2) The blood of eople are mixed and the mixture is analysed. If the result is negative, then this single analysis is sufficient for k persor But if it is positive, then the blood of each one must be subsequently investigated separately, and in toto for k peopi +1 analysis are needed. It is assumed that the probability of a positive result (p) is the same for all people and that tl esults of the analysis are independent in the probabilistic sense. • What is the expectation of the number of analysis necessary in the second method of testing?
Quadratic Equation
When it comes to the concept of polynomial equations, quadratic equations can be said to be a special case. What does solving a quadratic equation mean? We will understand the quadratics and their types once we are familiar with the polynomial equations and their types.
Demand and Supply Function
The concept of demand and supply is important for various factors. One of them is studying and evaluating the condition of an economy within a given period of time. The analysis or evaluation of the demand side factors are important for the suppliers to understand the consumer behavior. The evaluation of supply side factors is important for the consumers in order to understand that what kind of combination of goods or what kind of goods and services he or she should consume in order to maximize his utility and minimize the cost. Therefore, in microeconomics both of these concepts are extremely important in order to have an idea that what exactly is going on in the economy.
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