Question
If the price elasticity of demand for apples
is 3, then what will be the impact on total revenue if price increases?Solution
TR decreases for goods with elastic price elasticity.
For the frequency distribution of income (in lakh) of the employees in factory
Class 1.5-2.5 �...
The probability of getting a total of 7 on two dice thrown together is:
For the variables X, Y and Z, rXY = 0.80, rXZ = 0.64, rY Z = 0.79 , then square of multiple correlation coefficient R2 X.Y Z is:
The first four moments of a distribution about the origin are -1.5,17,-30 and 108. The third moment about the mean is:
By the method of moving averages, the seasonal index for four quarters equals to:
The curve obtained by joining the points, whose x-coordinates are the upper limits of the class interval and y-coordinates are corresponding cumulative...
The variance of degenerate random variable is:
The Excess Kurtosis of the Geometric distribution with parameter p is:
Which of the following approaches does multiplicative model have for the component of Time series Secular trend (7). Seasonal variation (S), Cyclical f...
The prices (in ₹) of different yarns (per kg) in two consecutive years are as follows.
