Which of the following is not an approach to assigning probabilities? The Classical approach The Trial and error approach The Relative frequency approach The Subjective approach All of the above are approaches to assigning probabilities.

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Answer 1

All of the mentioned approaches (Classical, Trial and error, Relative frequency, and Subjective) are valid methods for assigning probabilities.

All of the approaches listed—Classical, Trial and error, Relative frequency, and Subjective—are valid methods for assigning probabilities. Let's break down each approach:

1. The Classical approach: This approach is based on theoretical reasoning and assumes that all outcomes in a sample space are equally likely. It is typically used in situations where the sample space is small and well-defined, such as flipping a fair coin or rolling a fair die.

2. The Trial and error approach: This approach involves conducting repeated experiments or trials to determine the probability of an event. By observing the outcomes over many trials, probabilities can be estimated. This method is often employed when direct theoretical calculations are not feasible or when there is a need for empirical evidence.

3. The Relative frequency approach: This approach relies on historical or observed data to calculate probabilities. It involves determining the frequency of an event occurring relative to the total number of observations. By examining past occurrences, probabilities can be estimated based on the observed frequencies.

4. The Subjective approach: This approach involves assigning probabilities based on personal beliefs, opinions, or judgments. It is subjective in nature and varies from person to person. Subjective probabilities are often used in decision-making or situations where empirical data is scarce or unreliable.

In conclusion, all of the mentioned approaches—Classical, Trial and error, Relative frequency, and Subjective—are legitimate methods for assigning probabilities. The choice of approach depends on the available information, the nature of the problem, and the preferences of the individual or the context in which probabilities are being assigned.

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Related Questions

Benson, incorporated manufactures a single product and uses the plantwide overhead rate method. the company's plantwide overhead rate is $25 per machine-hour (mh) used. their single product uses 10,000 mh, has direct material cost per unit of $10.96 and direct labor cost of $3.84 per unit. the total overhead cost is expected to be:

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Benson Inc. employs the plantwide overhead rate technique and produces a single product. A total of $250,000 is anticipated for overhead expenses.

The sum of a company's indirect operating expenses is known as its total overhead costs. These expenses are required for the operation of the business even if they are not directly connected to the creation of a particular item or service. Rent, utilities, insurance, administrative salaries, and office supplies are a few examples of overhead expenses.

Total overhead cost = Predetermined overhead cost × Actual machine hours used

= $25 × 10,000

= $250,000

The direct materials and direct labor per unit will be used to compute the overall production cost per unit.

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Conduct research on cases and issues in global trade. What types of businesses are best suited for doing business online?
Why? What type of issues might an online business deal with in the global market?

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Operating a business online entails dealing with technical obstacles, security concerns, and consumer distrust.

Research based problem:

While you can avoid or at least mitigate these difficulties, it's critical for company owners to keep an eye on prospective concerns in order to avoid big calamities.

Because the main providers they provide are information-based, professional service based firms are well-suited for the Internet.

Because the provision of these services necessitates the provider's physical presence, a household chores or lawn maintenance service company is not well suited for the Internet.

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loans requiring periodic payments of interest and principle are referred to as

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they are referred to as installment notes

Installment loans are those that call for regular interest and principle payments.

What are the two available funding options?

The two main forms of external funding are equity financing and debt financing, the latter of which refers to funds that must be repaid, frequently with interest. Money is provided in exchange for a stake in the business and possible earnings in the future.

What is a good illustration of debt financing?

Debt finance consists of bank loans, loans from relatives and friends, loans guaranteed by the government (such as SBA loans), credit cards, lines of credit, mortgages, and loans for equipment.

What steps are involved in repaying a loan with reoccurring payments?

Loan amortization is the process of reducing debt over time through consistent principal and interest payments. For instance, if you pay a mortgage each month, part of the payment goes toward debt reduction and part toward interest.

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Why should good investing be boring?

Answers

Answer:

Good investing should be backed by history and science as opposed to over-ambitious, loophole-filled plots.

Explanation:

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If an engine has a Base Timing of 10° BTDC, but is currently firing at 5°, which is it

Answers

Based on the principle of starting engine, the correct answer is turbocharged engine

Turbocharged engine

Starting a turbocharged engine, the timing is reduced to compel the peak starting pressure later in the combustion stroke.

In conclusion, we can conclude that the correct answer is turbocharged engine.

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Allen Furniture Company is considering offering an inexpensive line of college dorm and apartment furnishings. If they move forward, they will renovate part of their store to accommodate this new stock. Before spending the money to redesign the store, they first want to find out customer interest. In a short response of approximately 100 words, describe some of the steps they should take as they consider this project.

Answers

Answer:

Allen Furniture Company should look into conducting a survey to gauge customer interest to find what they look for, need, and find attractive. They could do so by going to college campuses and conducting random interviews. For their apartment furnishings, they could look online to see what kind of product sell and do an analysis of customer interest that way and they could also conduct a survey for people that live in apartments. They could also look into a consultant that specializes in the field and is experienced with what customers like or want.

Question 14 of 20
Why might health care costs be less of a concern for a British company than
an American company?
A. America has stronger laws that regulate health care.
B. American companies do not provide health care to employees.
C. Britain allows its citizens to seek foreign treatment.
D. Britain has a system providing free universal health care.

Answers

Answer:

Explanation:

America has strong laws regulate health care

Answer:

its D - Britain has a system providing free universal health care.

Explanation:

When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must

Answers

When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.

This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.

To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.

Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.

Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.

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Your new team is working hard, but they are all less experienced than you and don't complete their tasks as quickly. What would you be most and least likely to do?

Answers

Answer:

I would encourage them ,show them how the work is done and tell them to keep working harder

Explanation:

According to this image :
1- What is the age range of the generation with the highest amount of household debt?

2-Which is the only generation to decrease its average debt from 2019 to 2020?

3-Compare the rate at which Gen Z’s debt increased from 2019 to 2020 compared to other generations.
With an increase of 67.2%, Gen Z’s debt increased at a much higher rate than other generations.

4-Calculate how long it would take for Gen Z’s average debt ($16,000) to reach Gen X’s level of average debt ($140,000) if it continued to increase at its current rate (67.2% per year).

5-Develop a logical argument why Gen Z’s debt is rising at such a high rate when the Silent Generation’s debt is decreasing.

I have to turn this worksheet today, So please ANYONE help me out please ASAP..

Answers

Answer:

1. Gen X 41-56years

2. Silent Gen reduced debt by 4.6%

3.Baby boomers increased by 0.3% from 2019 to 2020, they had the least increase in debt

Gen X followed with 3.5% increase from 2019 to 2020 while Millenials had 11.5% increase in debt between 2019 and 2022. Even though Gen Z debt increased by 67.2%, they still have the lowest debt overall into two years.

4.Gen Z average debt $16,000

Gen X average debt $ 140,000

In 5years, it will meet up with Gen Xs level of debt

5. The silent Gen are the elderly, mostly retired and no longer taking new loans while Gen Z is the younger generating, newly exploring the world, teenagers and students, young school leavers and new work force taking loans at the slightest offer. The silent age are no longer active, they are most been taken care of and won't be taking loan facilities for any purpose. Student loan, technology etc is available and most suitable for the age range of Gen Z, hence the difference in the loan dimension.

QUESTION 1 of 10: Large-cap stocks have a market capitalization of:
0 0 0 0
a) Between 300 million and 2 billion
b) Between 10 billion to 200 billion
c) Between 200 billion and 500 billion
d) Between 500 billion and 900 billion

Answers

It’s b I already did the question

Excuse me,

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Answers

Answer: >:o
Explanation:

List 5 Entrepreneural qualities

Answers

Explanation:

resolute motivation and passion, creative thinking, self discipline, risk taking ability, and persistence

which task is carried out by book keeping

Answers

Answer:

Explanation:

Invoices and unpaid bills are one of the most important responsibilities of the bookkeeper. A bookkeeper who fails to keep an account of the money flowing into and out of the business, for instance, makes it all too easy to spend money that isn't there.

an agent of a broker-dealer, in an effort to provide a complete range of services to his customers, wants to work with a local bank and an insurance agency to cross market his customers with an offer of discounted banking and insurance products. under the uniform securities act, this arrangement is:

Answers

Under the uniform securities act, this arrangement is prohibited because disclosure of the customers' names to others requires the consent of each customer.

The Uniform Securities Act (USA) was created as a model law to help each state create its own state securities law. The National Conference of Commissioners on Uniform State Laws developed it (NCCUSL).

The U.S. Securities and Exchange Commission's enforcement and regulation efforts are supplemented by the Uniform Securities Act, which offers model laws that states might enact to address securities fraud at the state level (SEC). The SEC does not have control over all securities and securities transactions since not all investments are federally regulated and not all investment dealers are nationally registered.

Hence the correct option is C

The above question is incomplete, the complete question is-

An agent of a broker-dealer, in an effort to provide a complete range of services to his customers, wants to work with a local bank and an insurance agency to cross market his customers with an offer of discounted banking and insurance products. Under the Uniform Securities Act, this arrangement is:

A. permitted because it is providing services to the agent's customers at discounted prices

B. permitted because it better meets the needs of the agent's customers

C. prohibited because disclosure of the customers' names to others requires the consent of each customer

D. prohibited under the privacy of customer information rules

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harmful substances which contaminate water are collectively called

Answers

Answer:

Ground Water Contamination

Explanation:

I'll be honest I'm not 100% sure.

What is regulation in an economic system?
A: Regulation is the placing of limits or restrictions on business activity by the government.
B: Regulation is the placing of limits or restrictions on business activity by producers.
C: Regulation is the removal of limits or restrictions on business activity by the government.
D: Regulation is the removal of limits or restrictions on business activity by the producers.

Answers

A: Regulation is the placing of limits or restrictions on business activity by the government.

More about regulation in an economic system:

To get its goals, the government imposes obligations on businesses and persons in the private sector like cheap and quality products, safeguards for current businesses against "fair" (and unfair) competition, cleaner air and water, and safer workplaces. Fines and in rare circumstances, even criminal punishments may be imposed for breaking regulations.

Economists distinguish between two types of regulation:

Economic Regulations: Economic regulation refers to laws that limit who can enter a firm (entry controls) and the prices they can charge (price controls).Social Regulation: "Social regulation" refers to the broad category of regulations directing how any individual or organization conducts its activities in order to rectify one or more "market failures."

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As a financial analyst, you are tasked with evaluating a capital-budgeting project. You were instructed to use the IRR method, and you need to determine an appropriate hurdle rate. The risk-free rate is 4%, and the expected market rate of return is 11%. Your company has a beta of 1.0, and the project that you are evaluating is considered to have risk equal to the average project that the company has accepted in the past. According to CAPM, the appropriate hurdle rate would be Group of answer choices 7%. 1%. 4%. 11%. 15%.

Answers

As a financial analyst tasked with evaluating a capital-budgeting project, you are required to use the Internal Rate of Return (IRR) method to determine the appropriate hurdle rate. In order to do this, you will need to consider a number of factors that are relevant to the project and to your company as a whole.

Firstly, you will need to look at the risk-free rate, which is currently set at 4%. This is the rate at which your company can borrow money without taking on any additional risk. You will also need to consider the expected market rate of return, which is currently set at 11%. This is the rate at which investors expect to earn on their investments in the stock market.

Your company has a beta of 1.0, which means that it is considered to have average risk. This means that the project you are evaluating should have risk equal to the average project that your company has accepted in the past. According to the Capital Asset Pricing Model (CAPM), the appropriate hurdle rate for your project would be 7%.

The CAPM is a widely-used financial model that is used to calculate the expected return on an investment. It takes into account a number of factors, including the risk-free rate, the expected market rate of return, and the beta of the company in question. By using this model, you can determine the appropriate hurdle rate for your project, which will help you to evaluate its potential profitability and risk.

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According to the video, what qualities do Psychiatrists need? Check all that apply.

persistence
leadership skills
knowledge of medicine
teamwork
knowledge of surgical techniques
empathy
communication skills

Answers

Answer: A, C, F, G

Explanation:

Answer:

A, E, & F

Explanation:

Picture below⬇️

According to the video, what qualities do Psychiatrists need? Check all that apply.persistenceleadership

People producing goods and services are called

Answers

Answer: human resources

Explanation:

What is profit in an economic system?
A. Profit is the investment a producer makes in the economy to achieve financial gain.
B. Profit is the net change in the value of the economy due to an exchange.
C. Profit is the financial gain resulting from an exchange.
D. Profit is the investment a consumer makes in the economy to achieve financial gain.

Answers

Answer:

I think D is correct answer

The profit in the economic system is the investment made by the consumer for accomplishing the financial gain.

The information related to the profit is as follows:

It is the surplus that comes after deducting the cost from the revenue made. It is the investment that should be made by the consumer for attaining financial gain.

Therefore all the other options are incorrect.

Thus we can conclude that profit in the economic system is the investment made by the consumer for accomplishing the financial gain.

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Because producers find it easier and less costly to make only a few goods or services, and consumers prefer to choose among many, this creates a ______.

Answers

Because producers find it easier and less costly to make only a few goods or services, and consumers prefer to choose among many, this is Marketing.

What is marketing?

Marketing is the activity of a producer or company to identify customer needs and and then produce and allow the flow of goods to meet the needs.

The needs are the problem the producer is solving by making it available.

Therefore, Because producers find it easier and less costly to make only a few goods or services, and consumers prefer to choose among many, this is Marketing.

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if a company receives $100,000 cash in exchange for issuing 100 bonds at $1,000, the bonds were issued at .

Answers

Answer:at face value

Explanation:

What are checks?

I put:

Checks are a small piece of paper that is used to be paid money from another person's account, with their consent of course.

and got 100%

Answers

Answer:

A cheque, or check, is a document that orders a bank to pay a specific amount of money from a person's account to the person in whose name the cheque has been issued. The person writing the cheque, known as the drawer, has a transaction banking account where their money is held.

Answer:

Checks are a small piece of paper that is used to be paid money from another person's account, with their consent of course.

Explanation:

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Alessandra would like to work in a school environment, and she knows that she would prefer a career in the high she spends lots of work time walking around rather than sitting in an office.

Which education career would be BEST for Alessandra?

O Elementary School Teacher

O Administrative Support Worker

O Instructional assignment

O High School Principal

Thank You for answering, have a good day, and stay safe!

Answers

d) High school principal

Explanation:cause i said so

Answer:

Answer is A elementary school teacher.

Explanation:

The total value of final goods and services produced within a nation's borders within a given year is known as that nation's:_______

Answers

The total value of final goods and services produced within a nation's borders within a given year is known as that nation's gross domestic product.

What is the gross domestic product?

Gross domestic product is the total sum of final goods and services produced in an economy within a given financial year. The gross domestic product is usually used as a measure of economic growth.

One of the ways used to determine the value of gross domestic product is the expenditure method:

GDP = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Where: Net export = exports – imports

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Three business people who wish to invest in a new company. Each person is willing to pay one third of the total investment. . After careful calculation, they realize that each of them would pay $ 7600 less if they could find two more equal investors. How much is the total investment in the new business.
A) $ 64,000
B) $ 54,000
C) $ 21,000
D) $ 5,400
E)e) $57,000

1

1

Answers

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Percy’s GPA is 2. 75, so he should list it on his résumé. Please select the best answer from the choices provided T F.

Answers

The given statement that GPA of Percy is 2.75, so he should list it on his resume, is the false statement.

What is GPA?

The full name of GPA is the Grade Average Point. A GPA is the sum of all of the individual grade points earned throughout the degree program.

Graduate students are often obliged to have a certain GPA.

At the time of filling out a resume, there are several basic and necessary questions that a person should consider in order to meet the criteria that the client is searching for.

In terms of GPA, Percy's is comparable. It is not appropriate to include it on a resume unless specifically requested or required. Most of the time it isn't required, thus the given statement is false.

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Answer: False

Explanation:2.75 gpa is bad

If a bond is trading at a premium, what is the relationship between the bond's coupon rate, current yield and yield to maturity?

Answers

Bonds acquired at premiums often have lower yields to maturity than bonds purchased at market rates. This is further explained below.

What is a bond?

Generally, Bonds are financial securities that reflect loans made to the issuer by the bondholders themselves. When it comes to borrowing money, governments (at all levels) and companies (of all sizes) often turn to bonds.

In conclusion, If you buy a bond at a discount, the yield to maturity will be lower than its coupon rate.

Answers

The scope of the project increases due to change requests from clients. Option B is correct

This is further explained below.

What is IS implementation?

Generally, A strategy, technique, or any concept, idea, model, specification, standard, or policy for carrying out anything is considered to have been implemented when it is put into action or practiced.

Therefore, the activity that must follow any preparatory thought that is done in order for anything to truly happen is known as implementation.

In conclusion, Changes that were requested by customers resulted in an expansion of the project's scope. Alternative C