If P(x) = 0.8 and x = 3, then find the value of E(x)
E(x) = x P(x) = 0.8*3 = 2.4
The credit manager at a Departmental store collects data on 100 of her customers. Of the 60 men, 40 have credit cards (C). Of the 40 women, 30 have credit cards (C). Ten of the men with credit cards have balances due (B), while 15 of the women have balances (B). The credit manager wants to determine the probability that a customer selected at random is a woman with a credit card.
|Compensation of employees||1866.3|
|Business interest payments||264.9|
|Rental income of persons||34.1|
|Interest paid by consumers||64.4|
|Interest paid by government.||105.1|
|Government and business transfers||374.5|
|Personal consumption expenditures||1991.9|
Assertion (A): Use of goods and services from which one can be excluded are pure private goods.
Reason (R): Such goods and services are not provided free by the State.
Longevity is proxy for ---- in the Human Development Index?
Which school of economic thought suggested that one possible cause of inflation was a ‘push’ from the cost side?