Start learning 50% faster. Sign in now
Probability of getting a head =0.6 =6/10=3/5 Probability of getting not head=1-3/5 =2/5 Direct shortcut- n Cr(P)r(1-P) n-r Then now Probability= =10C3 (3/5)3(2/5)7 = [(10×9×8)/3×2] × (33×27)/510 = (34×210)/59
If the price elasticity of demand for apples is 3, then what will be the impact on total revenue if price increases?
As the degree of product differentiation increases among the products sold in a monopolistically competitive industry, which of the following occurs?
Which of the following statements is NOT correct in the context of quantity theory of money?
If the economy is operating at point C, the opportunity cost of producing an additional 20 units of bacon is
Guess an even integer between 1 and 100 that is closest to 1/2 of the mean of the guesses, what will be the equilibrium in that case?
The dummy variable trap occurs when