« previous next »

Author Question: You took a summer job as a salesperson in a shoe store with the knowledge that you will either make ... (Read 18 times)

EY67

  • Hero Member
  • *****
  • Posts: 531
on: Jun 29, 2018
You took a summer job as a salesperson in a shoe store with the knowledge that you will either make 2,000 or 3,500 with probabilities 0.4 and 0.6 respectively. What is your expected income for the summer job?
 
  A) 2,000
  B) 3,000
  C) 5,000
  D) 2,900

Question 2

The current account records foreign investment in a nation minus investment abroad. Is the previous statement correct or incorrect?
 
  What will be an ideal response?


momolu

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

The statement is incorrect. The current account equals exports minus imports plus net interest plus net transfers. The capital account records foreign investment in a nation minus investment abroad.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

There are more nerve cells in one human brain than there are stars in the Milky Way.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

According to the CDC, approximately 31.7% of the U.S. population has high low-density lipoprotein (LDL) or "bad cholesterol" levels.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Schools IN for Summer Schools IN for Summer
The frontal sinus, an airfilled space just behind the brow, is a unique size and shape in each of us The frontal sinus, an airfilled space just behind the brow, is a unique size and shape in each of us
There are many types of adaptive devices: (A) a toothbrush; (B) a reaching stick; (C) a shoe holder; ... There are many types of adaptive devices: (A) a toothbrush; (B) a reaching stick; (C) a shoe holder; ...
A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water. A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water.
Testing Infants’ Knowledge Testing Infants’ Knowledge
How to make pancakes How to make pancakes
Video: Protein Secondary and Tertiary Structures - Animation

For a complete list of videos, visit our video library