Foundations of Economics, Student Value Edition (8th Edition)
Foundations of Economics, Student Value Edition (8th Edition)
8th Edition
ISBN: 9780134489230
Author: Robin Bade, Michael Parkin
Publisher: PEARSON
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Chapter 1, Problem 6IAPA
To determine

To explain:

The way a hurricane hitting Central Florida can affect the incentives and the choices of people.

To determine

To explain:

The way a series starting at a night with a storm warning can affect the incentives and the choices of people.

To determine

To explain:

The way price of personal computer can affect the incentives and the choices of people.

To determine

To explain:

The way a situation of unrest due to which price of gas falls to $5 a gallon can affect the incentives and the choices of people.

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An actuary analyzes a company’s annual personal auto claims, M and annual commercialauto claims, N . The analysis reveals that V ar(M ) = 1600, V ar(N ) = 900, and thecorrelation between M and N is ρ = 0.64. Compute V ar(M + N ).
Don't used hand raiting
Answer in step by step with explanation. Don't use Ai.
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