Author Question: Is wealth the same thing as income? What will be an ideal response?[br][br][b][color=red]Question ... (Read 55 times)

haleyc112 · **on:** Jun 29, 2018

Is wealth the same thing as income?

What will be an ideal response?

Question 2

Refer to Scenario 12.1. Suppose that a third friend, Ryan, joins Simon and Paula on their way home from school, and this reduces the probability of any particular individual from stepping forward to help the man being attacked from 70 to 40.

What is the probability of either Simon, Paula, Ryan, or any combination of the three trying to rescue the man? A) 28.8
B) 49.6
C) 78.4
D) 93.6

joechoochoy · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

No, wealth is different from income. Wealth is the value of what people own. Income, however, is an amount that is received during a given time period.

Answer to Question 2

C