An economist wants to estimate the mean per capita income (in thousands of dollars) for a major city in California. Suppose that the mean income is found to be $22.4 for a random sample of 2128 people. Assume the population standard deviation is known to be $9.3. Construct the 98% confidence interval for the mean per capita income in thousands of dollars. Round your answers to one decimal place.

Answers

Answer 1

Answer:

[21.9, 22.9] in thousands of dollars

Step-by-step explanation:

The formula for Confidence Interval

= Mean ± z score × standard deviation/√n

Mean = $22.4

Standard deviation = $9.3

n = 2128

z score of 98% confidence interval = 2.326

Confidence Interval = 22.4 ± 2.326 × 9.3/√2128

= 22.4 ± 0.469

Confidence Interval =

22.4 - 0.469

= 21.931

≈ 21.9 in thousand of dollars

22.4 + 0.469

= 22.869

≈ 22.9 in thousands of dollars

Hence, the 98% confidence interval =

[21.9, 22.9] in thousands of dollars


Related Questions

Find the total amount due on a loan of $5,000 for 8 years at 10% simple interest.
$4,000
$5,500
$9,000
$9,500
$5,400

Answers

10% of 5000 is 500 and 500 times 8 is 4000 so the total amount due would be 9000 :)

HELPPP ASAP PLEASEEE THANK YOU

HELPPP ASAP PLEASEEE THANK YOU

Answers

Step 1: Find the slope

Slope formula = (y2 - y1) / (x2 - x1)

---You can choose any two points when finding the slope!

Point 1 = (-2,-10)

Point 2 = (-1,-3)

Slope = (-3 - - 10) / (-1 - - 2)

Slope = 7 / 1

Slope = 7

Step 2: Find the y-intercept

Now that we have the slope, we'll plug that and one point into slope-intercept form. Then, we'll solve for b.

Slope-Intercept Form: y = mx + b

---m is the slope, b is the y-intercept

Point = (-1, -3)

Slope = 7

-3 = 7(-1) + b

-3 = -7 + b

b = 4

Step 3: Put it all together

Now that we know the slope and y-intercept, all that's left to do is plug them into slope-intercept form.

Slope-Intercept Form: y = mx + b

Slope = 7

Y-Intercept = 4

Line: y = 7x + 4

Correct Answer: A

Hope this helps!

1. Oceanside Bike Rental Shop charges $16 plus $6 an hour for renting a bike. Melanie paid $70 to rent a bike. How many hours did she pay to have the bike checked out? Select the correct equation to represent this situation.

A) 16x+6x=70
B) 16+ 6x=70
C) 16x+6=70

2. Jason bought 9 new baseball trading cards to add to his collection. The next day his dog ate half of his collection. There are now only 42 cards left. How many cards did Jason start with? Select the correct equation to represent this situation.

A) 1/2(x+9)=42
B) 9x+1/2=42
C) 1/2x+9=42

3. Jason sold half of his comic books and then bought 6 more. He now has 17. How many did he begin with? Select the correct equation to represent this situation.

A) 1/2(x+6)=17
B) 1/2x+6=17
C) 1/2x+6x=17

4. Dan spent half of his allowance going to the movies. He washed the family car and earned $9. What is his weekly allowance if he ended with $15? Select the correct equation to represent this situation.

A) 1/2x+9=15
B) 1/2(x+9)=15
C) 9-1/2x=15

Answers

Answer:

1 = C

2 = B

3 = B

4= C

Step-by-step explanation:

Im not 100% sure but.. i tried

Answer:sike i lied i must provide

Step-by-step explanation: its ez just do it

3.) Find the volume of a triangular prism with a length
of 5 units, a width of 6 units, and a height of 4 units.

Answers

Answer:

Volume V = 18.735 m3

Step-by-step explanation:

hope this helps

10. The set of prime numbers greater than 11 with the cardinality of 5.​

Answers

The set of prime numbers greater than 11 with the cardinality of 5 is {13, 17, 19, 23, 29}

How to determine the set

From the question, we have the following parametes that can be used in our computation:

Set = prime numbers

Cardinality = 5

The cardinality implies that the number of elements in the set is 5

5 prime numbers greater than 11 are 13, 17, 19, 23, 29

Hence, the set is {13, 17, 19, 23, 29}

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what is inequalities​

Answers

Inequalities are used in various branches of mathematics, as well as in real-world applications such as economics, physics, and social sciences, to describe relationships, make comparisons, and analyze data.

Inequalities are mathematical statements that describe a relationship between two values or expressions, indicating that one is greater than, less than, or not equal to the other. Inequalities are used to compare quantities and express their relative sizes or order.

The most common symbols used in inequalities are:

">" (greater than): indicates that the value on the left side is larger than the value on the right side.

"<" (less than): indicates that the value on the left side is smaller than the value on the right side.

"≥" (greater than or equal to): indicates that the value on the left side is greater than or equal to the value on the right side.

"≤" (less than or equal to): indicates that the value on the left side is less than or equal to the value on the right side.

"≠" (not equal to): indicates that the values on both sides are not equal.

Inequalities can be represented using variables, constants, and mathematical operations such as addition, subtraction, multiplication, and division. Solutions to inequalities are often expressed as intervals or sets of values that satisfy the given inequality.

Inequalities are used in various branches of mathematics, as well as in real-world applications such as economics, physics, and social sciences, to describe relationships, make comparisons, and analyze data.

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Solve the equation using the distributive property and properties of equality.
1/2(x+6) = 18
What is the value of x?
O 6
O7 1/2
O 14 1/2
0 30​

Answers

Answer:

x = 30

Step-by-step explanation:

1/2(x+6) = 18

Expand brackets or use distributive law.

1/2(x) + 1/2(6) = 18

1/2x + 6/2 = 18

1/2x + 3 = 18

Subtract 3 on both sides.

1/2x + 3 - 3 = 18 - 3

1/2x = 15

Multiply both sides by 2.

(2)1/2x = (2)15

x = 30

Answer:

30

Step-by-step explanation:

find the number of ways to put eight different books in five boxes, if no box is allowed to be empty.

Answers

The number of ways to put eight different books in five boxes can be calculated by using probability formula which is 6660 ways.

Probability means possibility. It is a branch of mathematics that deals with the occurrence of a random event.

The value is expressed from zero to oneAlso it is a measure of the likelihood that an event will occur.

No box is allowed to be empty.

So, we can put one book in each box in  mays.

Now remaining 3 books we can put in by  ways

Total number of ways will be

Now calculating the value,

(8!)/(8-5)!  - (5!)/(5-3)!

(8!)/(3!) - (5!)/(2!)

(8*7*6*5*4) - (5*4*3)

6720 - 60

6660

There can be 6660 ways to put eight different books in five boxes.

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A Cepheid variable star is a star whose brightness alternately increases and decreases. Suppose that Cephei Joe is a star for which the interval between times of maximum brightness is 4.4 days. Its average brightness is 4.2 and the brightness changes by +/-0.45. Using this data, we can construct a mathematical model for the brightness of Cephei Joe at time t , where t is measured in days: B(t)=4.2 +0.45sin(2pit/4.4)
(a) Find the rate of change of the brightness after t days.
(b) Find the rate of increase after one day.

Answers

(a) The rate of change of the brightness after t days is dB/dt = (2π/4.4) * 0.45 * cos(2πt/4.4).

(b) The rate of increase after one day is  0.22 radians/day.

For the given case the equation for the brightness of cepheid joe is  B(t)=4.2 +0.45sin(2pit/4.4). This equation tells us that the brightness of the star is determined by the sine of the time multiplied by a constant. Since the sine of a number is always changing, the brightness of the star is always changing too.

Therefore, the rate of change of the brightness is given by the derivative of the equation, which is   2π/4.4)*0.45*cos(2πt/4.4), when t is  1 day, we can plug this value into the equation to get the rate of increase after one day, which is dB/dt = (2π/4.4) * 0.45 * cos(2π/4.4) = 0.22 radians/day.

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Fill in the table using this function rule.
y=-4x+3
X
-2
0
2
4

Fill in the table using this function rule.y=-4x+3X-2024

Answers

Answer:

  y = {11, 3, -5, -13}

Step-by-step explanation:

You want the value of y for various values of x, given that y = -4x +3.

Function evaluation

Put the value of x where x is in the function rule and do the arithmetic.

  y = -4x +3

  y = (-4)(-2) +3 = 8 +3 = 11 . . . . for x = -2

  y = (-4)(0) +3 = 0 +3 = 3 . . . . for x = 0

  y = (-4)(2) +3 = -8 +3 = -5 . . . . for x = 2

  y = (-4)(4) +3 = -16 +3 = -13 . . . . for x = 4

__

Additional comment

You will notice that the change in y is -4 times the change in x. This means each increase of 2 in the value of x will result in a decrease of 8 in the value of y. Realizing this, you only need to subtract 8 from the previous y-value to get the next one.

Fill in the table using this function rule.y=-4x+3X-2024

Find each missing length to the nearest tenth.​

Find each missing length to the nearest tenth.

Answers

9514 1404 393

Answer:

  6.7

Step-by-step explanation:

The Pythagorean theorem tells you the square of the hypotenuse is the sum of the squares of the other two sides.

  x^2 = 6^2 +3^2 = 45

  x = √45 ≈ 6.7

The missing side length is about 6.7 units.

Answer:

The missing side length s 6.7 units.

Step-by-step explanation:

hope it helps

Find the approximate area of the shaded region of the figure below.A. 489.44 cm squaredB. 181.72 cm squared C. 27.86 cm squaredD. 49.07 cm squared

Find the approximate area of the shaded region of the figure below.A. 489.44 cm squaredB. 181.72 cm squared

Answers

To answer this question, we need to find the area of the rectangle with sides 14 cm and 9 cm, and, then, we need to subtract from this area, the area of the semicircle with radius = 7 cm (that is, 14 cm /2 = 7 cm).

Therefore, we have:

1. Find the area of the rectangle:

\(A=14\operatorname{cm}\cdot9\operatorname{cm}=126\operatorname{cm}^2\)

2. Find the area of the semicircle:

The area of a circle is given by:

\(A=\pi\cdot r^2\)

Therefore, for a semicircle, we have:

\(a=\frac{\pi\cdot r^2}{2}\Rightarrow a=\frac{\pi\cdot7^2}{2}\Rightarrow a=76.9690200129\operatorname{cm}^2\)

Then, we need to subtract this value from the obtained in calculating the area of the rectangle:

\(126\operatorname{cm}-76.96902\operatorname{cm}=49.03098\operatorname{cm}^2\)

From the question, the answer is option D, 49.07 cm squared.

simplify equation: 6x2+7x−3x2−2x

Answers

Answer:

8x+4

Step-by-step explanation:

find the sum of all two-digit natural numbers which are not divisible by 3。Want formulas and algorithms​

Answers

The sum of all two-digit numbers which are not divisible by 3 is 2240.

What is Arithmetic progression?

An arithmetic sequence or progression is defined as a sequence of numbers in which for every pair of consecutive terms, the second number is obtained by adding a fixed number to the first one.

The sum of two-digit number in AP is Sn = n/2[2a+(n-1)d]

First, sum of  two digit number 10, 11.....99 is

n = 90, a = 10 an= 99

Sn = n/2[2a+(n-1)d]

Sn = 90/2[2(10)+(90-1)1]

Sn = 45[20+89]

Sn= 4905

Now, the sum of two digit number divisible by 3 =

12, 15,...99

a = 12, n = 30, d = 3

Sn = n/2[2a+(n-1)d]

Sn=30/2[2(12)+(30-1)3]

Sn= 1665

Hence, sum of two digit number not divisible by 3 are 4905-1665

=2240

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4
A system of equations is shown below.
5x + 2y = -15
2x - 2y = -6
What is the solution to the system of equations?
A
(-3,0)
B
(0, -3)
С
(-3,6)
D (6,-3)

Answers

Answer:

the answer for this question is

A(-3,0)

How many percent is the change in the price, if:The price was $160 and now it is $40?

Answers

Answer:

  75% reduction

Step-by-step explanation:

The price dropped by $120. As a percentage of the original price, that is ...

  -$120/$160 × 100% = -75%

The price changed by -75%.

Answer:

75% decrease.

Step-by-step explanation:

The original price is $160 and we went to $40.

That means the price got reduced by $120 in the process.

$120/$160 = 0.75 = 75%.

So in other words, we lost 75% of the price ($120) and got left with 25% of the price ($40).

I hope this helps!

y is directly proportional to t. y = 20 when t=4 t is inversely proportional to the square of x. t = 8 when x = 2 Find a formula for y in terms of x. Give your answer in its simplest form.​

Answers

The formula for y in terms of x is y=160​/x^2.

We are given that;

y = 20 when t=4

And t = 8 when x = 2

Now,

To find the value of k by using the fact that y = 20 when t = 4:

20=k⋅4

k=5

Also, y=5t

Next, we use the fact that t is inversely proportional to the square of x. We can write:

t=x2k​

where k is a constant of proportionality. We can find the value of k by using the fact that t = 8 when x = 2:

8=22k​

k=32

Now we know that:

t=x232​

Substituting this into the equation for y:

y=5t=5⋅x232​=160​/x^2

Therefore, by proportions the answer will be y=160​/x^2.

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2 + 2. what is the sum​

Answers

Answer: 4

Step-by-step explanation:

Answer:4

2+2=4 if I have two apples and pick up two more I now have 4 total

What is the meaning of "the universal class V is a proper class"?

What is the meaning of "the universal class V is a proper class"?

Answers

The statement "the universal class V is a proper class" means that class V, which represents the universal set that contains all sets, is not itself a set but rather a proper class.

We have,

In set theory, a proper class is a class that is not a set.

A class is a collection of objects, and a set is a class that can be a member of other classes.

On the other hand, a proper class cannot be a member of another class.

The statement "the universal class V is a proper class" means that class V, which represents the universal set that contains all sets, is not itself a set but rather a proper class.

This means that V cannot be an element of any other class or set within the context of the set theory being considered.

The concept of proper classes is used to prevent paradoxes and contradictions that can arise when unrestricted comprehension is allowed in set theory.

Thus,

The statement "the universal class V is a proper class" means that class V, which represents the universal set that contains all sets, is not itself a set but rather a proper class.

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The list of numbers 41, 35, 30, X, Y, 15 has a median of 25. The mode of the list of numbers is 15. To the nearest whole number, what is the mean od the list?

Answers

Answer:

1.2

Step-by-step explanation:

1.Arrange the numbers in order by size.

15,20,25,30,35,41

2.If there is an odd number of terms, the median is the center term.

with these numbers they are even (6 numbers total)

3.If there is an even number of terms, add the two middle terms and divide by 2.

30 ÷ 25=1.2

Lea is making a mosaic picture that is 3/4 foot tall and 11/12 foot wide what is the area of her mosaic

Answers

Not enough info. But assuming it’s a rectangular, area = length * width
3/4*11/12 = 33/48 = 11/16 square feet

8 and 5 are factors of what number?​

Answers

Answer:

40

Step-by-step explanation:

8 and 5 are factors of 40. (8 x 5 = 40)

PLEASE HELP I NEED TO PASS


4 + 4

Answers

Answer:

This a hard one. I think it is 8. XD

Step-by-step explanation:

PLEASE HELP ASAP!!! I WILL GIVE YOU BRAINLIST PLEASE Due in like 10 minutes


Which algebraic rule describes the translation of quadrilateral HIJK to quadrilateral H'I'J'K'?

PLEASE HELP ASAP!!! I WILL GIVE YOU BRAINLIST PLEASE Due in like 10 minutesWhich algebraic rule describes
PLEASE HELP ASAP!!! I WILL GIVE YOU BRAINLIST PLEASE Due in like 10 minutesWhich algebraic rule describes

Answers

The algebraic rule describes the translation of quadrilateral HIJK to quadrilateral H'I'J'K' is (x, y) => (x+1, y-8)

How to determine the algebraic rule that describes the translation of quadrilateral?

Translation is defined as the movement on a straight line

Given: quadrilateral HIJK to that translated H'I'J'K'

To determine the algebraic rule, we need to get the coordinates of  HIJK and H'I'J'K' and then subtract them to get the translation:

                                         

H => (x, y) = (4, 6)  |  H' => (x, y) = (5, -2)

I =>  (x, y) = (6, 4)   |  I' =>  (x, y) = (7, -4)

J => (x, y) = (4, 2)   |  J' => (x, y) = (5, -6)

K => (x, y) = (4, 2)  |   K' => (x, y) = (3, -6)

Using points H and H' (you can use any point):

The difference in x is 5-4 = +1 => x+1

The difference in y is -2-6 = -8 => y-8

Therefore, the algebraic rule describes the translation is (x, y) => (x+1, y-8). Option C is the answer

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Answer:

(x, y) => (x+1, y-8)

Step-by-step explanation:

PLEASE I NEED HELP

Use composition to prove that f(x) and g(x) are inverses. Check your work

PLEASE I NEED HELPUse composition to prove that f(x) and g(x) are inverses. Check your work

Answers

F and G are inverse if both of them satisfy the condition h(x)=x. f(g(x))=g(f(x))=x, as we discovered. The argument f(x) and g(x) are inverse functions is thus established.

How do you verify that f x and G x are inverses?

If f (x) and g (x) are inverse functions, it can be determined using one of two ways. For more information, see the explanation.

Explanation:

Instance 1

Inverse functions of both functions can be found using the first method.

Example.

Inverse of f (x) = x + 7 is what we're looking for.

We attempt to determine x using the equation y = x + 7.

y = x + 7

Inferring that g (x) is the inverse of f (x) from the fact that x = y 7

Finding g (x inverse )'s is now necessary.

g( x ) = x − 7

y = x − 7

x = y + 7

As a result, we discovered that f (x) is the inverse function of g (x).

f and g are equal if g is inverse of f and vice versa.

The second approach entails locating the compound functions f ( g ( x ) ) and g ( f ( x ) ). In this case, f and g are inverse if they are both h (x ) = x.

Example:

f ( g ( x ) =  [ x − 7 ] + 7

G ( x ) placed as x is the expression in brackets.

f ( g ( x ) ) = x − 7  + 7 = x

g (f ( x ) =  [ x + 7 ] − 7

f ( x ) inserted as x is the expression in brackets.

g ( f ( x ) ) = x + 7 − 7 = x

The equation f ( g ( x ) ) = g ( f ( x ) ) = x was what we discovered. The argument f (x) and g (x) are inverse functions is thus established.

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HELP ME OUT PLS!!!!!

What is the volume of this cone? Use 3.14 for and round your answer to the nearest tenth. In your answer, give the volume of the cone rounded to the nearest tenth, and then explain how you calculated it. (Note: type out all of your work AND type out your explanation for FULL credit.)​

HELP ME OUT PLS!!!!! What is the volume of this cone? Use 3.14 for and round your answer to the nearest

Answers

We observe that the

height of the cone is 8 in.

radius of the cone is 2 in.

Volume of a cone = 1/3 π r² h

where R = radius and h = height

Using the formula we get :

Volume = 1/3 π 2 × 2 × 8

= 32 / 3 π cm³

= 33.5 cm³ ( rounded to 10)

how do I calculate the total volume for the objects below using V=l×w×h​

how do I calculate the total volume for the objects below using V=lwh

Answers

Answer:

V=12m

Step-by-step explanation:

V=l×w×h​

V=3×4×1

V=12m

Answer:

4m*3m*3m - 2m*2m*2m

Step-by-step explanation:

what is the answers to these questions?
a=?
f(a)=?
f(4.5)=?
under? or over?

what is the answers to these questions?a=?f(a)=?f(4.5)=?under? or over?

Answers

The all filled values according to the graph are: a = 4, f(a) = 3a - 5, f(4) = 7, f (4.5)  = 8.5

Define the term linear graph?

A linear equation, which is an equation that describes a straight line, is shown graphically on a graph called a linear graph. The relationship between two variables, typically depicted on the x and y axes, is proportional and follows a straight line in this type of graph. In science and mathematics, linear graphs are frequently utilized for data display, scenario modeling, and problem solving. Understanding the relationship between variables, predicting outcomes, and making decisions based on data analysis are all made easier with their assistance.

here, y = 3x - 5 and also x = a

So, x = 4,  then a = 4

f(a) = 3a - 5

f(4) = 3×4 - 5

f(4) = 7

f (4.5) = 3×4.5 - 5

f (4.5)  = 8.5

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Use Pascal's Triangle to expand (x^2-3y)^4

Answer

Use Pascal's Triangle to expand (x^2-3y)^4Answer
Use Pascal's Triangle to expand (x^2-3y)^4Answer

Answers

The expanded form of (x²-3y)⁴ using Pascal's Triangle is x⁸ - 12x⁶y² + 54x⁴y⁴ - 108x²y⁶ + 81y⁸.

What is Pascal's triangle?

Pascal's Triangle is a triangular array of numbers in which the value in each cell is the sum of the two numbers directly above it.


To expand the given expression (x²-3y)⁴ as per Pascal's triangle:

First, write down the fourth row of Pascal's Triangle as:

1 4 6 4 1

The above numbers represent the coefficients of the terms in the expansion of (a+b)⁴, where a is x² and b is -3y. Therefore, it can be written as,

1×(x²)⁴ + 4×(x²)³×(-3y) + 6×(x²)²×(-3y)² + 4×(x²)(-3y)³ + 1(-3y)⁴

Simplify each term,

x⁸ - 12x⁶y² + 54x⁴y⁴ - 108x²y⁶ + 81y⁸

Therefore, the expanded form of (x²-3y)⁴ using Pascal's Triangle is x⁸ - 12x⁶y² + 54x⁴y⁴ - 108x²y⁶ + 81y⁸.

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Combine like terms.

9 + 12t – 6t

Question 3 options:

9 – 12t


21


21t


9 + 6t

Answers

The expression can be simplified to obtain as 9 + 6t.

What is an Algebraic expression?

An algebraic expression can be obtained by doing mathematical operations on the variable and constant terms.

The variable part of an algebraic expression can never be added or subtracted from the constant part.

The given algebraic expression is 9 + 12t – 6t.

It can be simplified as follows,

9 + 12t – 6t

Here 9 is a constant.

And, the terms 12t and 6t have the same variable t.

Which implies they are like terms.

Since the like terms in an expression can be added to subtracted, the given expression can be simplified as below,

9 + 12t – 6t

⇒ 9 + 6t

Hence, the simplification of the given expression results as 9 + 6t.

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The supply chain may include: O a. Distribution. O b. Integration. O c. Operations. O d. All the above. Using what mechanism below can the non-repudiation of an e-mail and its content be enforced?1. Symmetric encryption2. Private encryption3. Asymmetric encryption4. Elliptic encryption if a family spends its entire budget in a given time frame, the family can afford either 1 hospital stay or 10 visits to the doctor. assuming the family spends its entire budget on just these two services, what is the opportunity cost of one visit to the doctor in the time frame? note: opportunity cost can be calculated as the ratio of amounts of each good or service that could be consumed if the entire budget were spent only on that good or service. please round your answer to two decimal places. When professionals have a professional and ethical obligation to their clients, duties that override their own personal interests, they are said to have:A. statutory duties.B. executive rights.C. creditor claims.D. fiduciary duties. which country was to be divided after the war into east and west?a,USSR b, Germanyc,Poland d,Francee,none of the above 4/ How did the French & Indian War impact the colonies? Bao's brother wants to better his memory. He asks her whether it is possible for him to improve or if he is stuck with the memory ability he was born with. Based on the reading in the text, what might BEST describe what Bao should tell her brother the sides of a triangle have lengths 15, 20, 25. find the length of the shortest altitude of the triangles. State whether each of the following statements is TRUE or FALSE. 1. Negotiation is an involuntary activity where both parties cannot break away once they enter into a discussion. 2. Karl Max conflict theory advocates for domination, coercion and power exercise in the society. 3. Dominating conflict management approach allows parties to maintain their own aspirations. 4. Third parties are only used to deal with labor disputes in a negotiation process. 5. Red conflict resolution style focuses on conflict collaborative approach while blue resolution style depends on domination, coercion and ploys. 6. Information power is usually knowledge based. 7. Communication is insignificant in the negotiation process. 8. Bluffing is an example of unethical conduct in the negotiation process. 9. Globalization has an impact on the international negotiation process. 10. There is interdependence and interpersonal relationship in the negotiation process. How do you interpret air masses on a weather map? Find the value of x. Find the slope of the line below . Enter your answer as a fraction or decimal. Use a slash mark ( / ) as the fraction bar if necessary 3.2 less than a number m what natual resources were important to the indians of the norther coastal region Is my teacher allowed to kick us out of the meets and mark as absent if we don't come in even if cant A triangle undergoes an enlargement as shown in thediagram below. What is x?Please help Ill give brainliest Mr. Han is trying to decide how many new copies of a book to order for his students each book weighs 6 ounces which ordered pair is a variable solution if X represents the number of books he ordered and Y represents the total weight of the book in ounces Belvedere PLC is considering whether to invest in one of two mutually exclusive projects (X or Y). These projects are of a similar risk to the existing activities of the company. The estimates for the investment outlay and the resulting cash inflows for the two projects are described on Table 1: Table 1 Cash inflows Year 2 Year 3 Investment outlay (Year 0) Year1 600,000 250,000 300,000 300,000 Project X Project Y 1,000,000 450,000 450,000 450,000 (a) If the opportunity cost of capital for Belvedere PLC is 11%, calculate the net present value (NPV) and internal rate of return (IRR) for the two projects. Which project(s) would you recommend for investment? Justify your answer (show all workings). (9 marks) (b) Explain the implications of the different discount rates used in the NPV and IRR methods. (6 marks) Why do you think it is important to understand GDP? What is a reliable resource to check out information on nutritional values and healthy eating?