MLE (20 points) The probability density function of the Pareto distribution is given by f(x;α,β)=αxα+1βα​, with x≥β and α,β>0.

Answers

Answer 1

Its probability density function (PDF) is given by f(x;α,β) = αx^(α+1)/β^α, where x ≥ β and α, β > 0.

The Pareto distribution is a continuous probability distribution that is often used to model skewed data with a heavy tail.

In the PDF formula, α represents the shape parameter, which determines the shape of the distribution and controls the tail behavior. A higher α value leads to a more pronounced tail. β represents the scale parameter, which sets the minimum possible value for x.

The PDF of the Pareto distribution is defined for x ≥ β, which means the distribution starts at β and extends to positive infinity. The PDF formula ensures that the area under the curve is equal to 1, satisfying the properties of a probability density function.

By varying the values of α and β, different variations of the Pareto distribution can be obtained, allowing for a flexible modeling of data with various tail behaviors. The Pareto distribution finds applications in fields such as economics, finance, and insurance, where the analysis of extreme events or tail risks is of interest.

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Related Questions

The balance on a credit card, that charges a 28.5%
APR interest rate, over a 1 month period is given
in the following table:
HUKUTH
Days 1-3:
$150 (initial balance)
($50 purchase)
Days 4-20: $200
Days 21-30: $50 ($150 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
Hint: First, calculate the balance for the 30 days. To do this,
take the number of days and multiply it by the balance.
What was the balance for the first 3 days?
3($[?]) +
($200) +
($50)

Answers

The finance charge on the average daily balance for this credit card over the 1-month period is approximately $84.31.

To calculate the finance charge on the average daily balance for this credit card over a 1-month period, let's break down the information provided.

The balance for the first 3 days is given as $150 (initial balance) minus a $50 purchase, which equals $100.

Next, we need to calculate the balance for the remaining days:

Days 4-20: The balance remains constant at $200 for 17 days, so the total balance for these days is 17 \(\times\) $200 = $3,400.

Days 21-30: The balance is $50 due to a $150 payment made.

To calculate the finance charge on the average daily balance, we need to determine the total balance for the entire 30-day period.

Summing up the balances for each period:

Balance for the first 3 days: $100

Balance for days 4-20: $3,400

Balance for days 21-30: $50

Total balance for the 30-day period: $100 + $3,400 + $50 = $3,550

Now, to calculate the finance charge, we multiply the total balance by the monthly interest rate.

The monthly interest rate can be found by dividing the annual percentage rate (APR) by 12.

Monthly interest rate = 28.5% / 12 = 0.02375

Finance charge = Total balance \(\times\) Monthly interest rate = $3,550 \(\times\)0.02375 ≈ $84.3125

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If ⅆyⅆt=6e−0. 08(t−5)2, by how much does y change as t changes from t=1 to t=6 ?

(A) 3. 870 (B) 8. 341 (C) 18. 017 (D) 22. 583

Answers

Based on the given informations, the change in y as t changes from 1 to 6 is approximately 3.870. Therefore the correct option is (A).

To find the change in y as t changes from 1 to 6, we need to integrate the given function with respect to t over the interval [1, 6] and then find the difference between the values of the integral at the two endpoints.

∫₁⁶ 6e\(.^{(-0.08(t-5)^2)}\)  dt

We can use the substitution u = t - 5 to simplify the integral:

∫₋₄¹ 6e\(.^{(-0.08u^2)}\)  du

Unfortunately, there is no closed-form solution for this integral. We can use numerical integration methods, such as Simpson's rule or the trapezoidal rule, to approximate the integral. Using Simpson's rule with a step size of 1, we get:

∫₋₄¹ 6e\(.^{(-0.08u^2)}\) du ≈ 3.870

Therefore, the change in y as t changes from 1 to 6 is approximately 3.870, which corresponds to option (A).

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Determine the circumference of a circle with a radius of 8 meters.

50.2 meters
100.5 meters
201.0 meters
25.1 meters

Answers

Answer:

50.2 is the answer as the answer came in point

Determine the circumference of a circle with a radius of 8 meters.50.2 meters100.5 meters201.0 meters25.1

If m∠B = 62°, a = 11, and c = 19, what are the measures of the remaining side and angles?

Answers

The remaining side is 16.9 and remaining angles are 83.1 and 34.9.

What is Cosine Formula?

The cosine formula to find the side of the triangle is given by:

c = √[a² + b² – 2ab cos C] Where a,b and c are the sides of the triangle.

Given:

m∠B = 62°, a = 11, and c = 19

Now, b² = a² + c² - 2ac cos B.

b = √ a² + c² - 2ac cos B

b = √ 11² + 19² - 2x 11  x 19 cos 62

b= 16.9

Now. a/ sin A = b/ sin B= c/ sin C

So, <C = arc sin ( c sin B /b)

<C = arc sin ( 19 sin 62 /16.9)

<C = 83.1

and, <A = arc sin ( a sin B /b)

<A = arc sin ( 11 sin 62 /16.9)

<A = 34.9

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Solve number 16 Please I need help

Solve number 16 Please I need help

Answers

Answer:

2x-3

Explanation

12x-18
/2
6x-9
/3
2x-3

-5x - 2y = 18 in slope intercept form.

Answers

Answer:

y=-5/2x-9

Step-by-step explanation:

I hope this helps

Who is in more debt a person with a balance of $-30 or a person with $-40? why

Answers

Answer:

A person with $-40 is in more debt

Step-by-step explanation:

The person with $-40 has borrowed or spent money from their credit card more than the person who is in debt for $-30.

Answer:$-40

Step-by-step explanation:

A person with negative 40 dollars has 40 dollars missing, a person with -30 dollars only has 30 dollars missing. So the person with -$40 is missing more money and therefore, is in more debt.

What is | –10 |

Ignore thissssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssssss

Answers

Answer: 10

Step-by-step explanation:

| –10 | = 10

Because that's the number of spaces it's from 0. :-)

Which expression can have a remainder greater than 6?
A: ■ ÷ 2

B: ■÷ 4

C: ■÷ 6

D: ■ ÷ 8


PLIS HELP!​

Answers

the answer is D

Hopefully this helps you!

use the slope formula to determine the slope of a line that passes through the points (4,9) (-8,-6)

Answers

Answer:

5/4

Step-by-step explanation:

The formula for slope is [ y2-y1/x2-x1 ]. Use the given values to solve.

-6-9/-8-4

-15/-12

5/4

Best of Luck!

Answer:

5 / 4

Step-by-step explanation:

Michelle has $8 and wants to buy a combination of dog food to feed at least two dogs at the animal shelter. A serving of dry food costs $1, and a serving of wet food costs $3. This system of inequalities models the scenario: x + 3y ≤ 8 x + y ≥ 2 Part A: Describe the graph of the system of inequalities, including shading and the types of lines graphed. Provide a description of the solution set. (4 points) Part B: Is the point (8, 2) included in the solution area for the system? Justify your answer mathematically. (3 points) Part C: Choose a point in the solution set and interpret what it means in terms of the real-world context. (3 points)

Answers

Part A: The shaded region represents the feasible region where both inequalities are satisfied simultaneously. It is below the line x + 3y = 8 and above the line x + y = 2.

Part B: The point (8, 2) is not included in the solution area.

Part C: The point (3, 1) represents one feasible solution that meets the constraints of the problem.

Part A: The graph of the system of inequalities consists of two lines and a shaded region. The line x + 3y = 8 is a solid line because it includes the equality symbol, indicating that points on the line are included in the solution set. The line x + y = 2 is also a solid line. The shaded region represents the feasible region where both inequalities are satisfied simultaneously. It is below the line x + 3y = 8 and above the line x + y = 2.

Part B: To determine if the point (8, 2) is included in the solution area, we substitute the x and y values into the inequalities:

8 + 3(2) ≤ 8

8 + 6 ≤ 8

14 ≤ 8 (False)

Since the inequality is not satisfied, the point (8, 2) is not included in the solution area.

Part C: Let's choose a point in the solution set, such as (3, 1). This point satisfies both inequalities: x + 3y ≤ 8 and x + y ≥ 2. In the context of the real-world scenario, this means that Michelle can buy 3 servings of dry food (x = 3) and 1 serving of wet food (y = 1) with her $8 budget. This combination of dog food allows her to feed at least two dogs at the animal shelter while staying within her budget. The point (3, 1) represents one feasible solution that meets the constraints of the problem.

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The surface area of a cube is 6(a/4)2 , where a is a positive constant. Which of the following gives the perimeter of one face of the cube?

A) a/4

B) a

C) 4a

D) 6a

Answers

The perimeter of one face of the cube is given by the option (A) a/4.


The surface area of a cube is given by the formula 6a^2, where a is the length of one side of the cube. In the given expression 6(a/4)^2, we can simplify it as follows:
6(a/4)^2 = 6(a^2/16) = (6/16) * a^2 = 3/8 * a^2

We know that the perimeter of a square is equal to 4 times the length of one side. In this case, we have a cube, and each face of the cube is a square. Therefore, the perimeter of one face of the cube is 4 times the length of one side.

Hence, the correct option is (A) a/4, as it represents the perimeter of one face of the cube.

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What is the domain of the step function f(x) = [2x]- 1?
O {x|x2-1}
O {x|x ≥ 1}
O x x is an integer}
O {x|x is a real number}

Answers

Domain: {x | x is a real number}

Option D, "{x | x is a real number}" accurately represents the domain of the function.

The domain of the step function f(x) = [2x] - 1, where [2x] represents the greatest integer less than or equal to 2x, can be determined by considering the restrictions on the input values.

In this case, the step function is defined for all real numbers. However, the greatest integer function imposes a restriction. Since the greatest integer function only outputs integers, the input values (2x) must be such that they produce integer outputs.

For any real number x, the greatest integer less than or equal to 2x will always be an integer. Therefore, the domain of the function f(x) = [2x] - 1 is:

Domain: {x | x is a real number}

Option D, "{x | x is a real number}" accurately represents the domain of the function.

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For what reason did Franklin take apart essays and put them back together again

Answers

Franklin wrote his autobiography for a number of reasons: to "remember" and relive his life, perhaps more perfectly, as he said at the beginning; to provide some genealogical anecdotes to his son; to bow before his friends To their flattery, he owes society an account of his life.

Benjamin Franklin was an American polymath author, scientist, inventor, statesman, diplomat, printer, publisher, forger, and political philosopher. Among the leading intellectuals of the time, Franklin was one of the founding fathers of the United States, the drafter and signer of the American Declaration of Independence, and the first postmaster of the United States.

As a scientist, he was an important figure in American Enlightenment history and physics as he studied electricity and mapped and named the Gulf Stream. As an inventor, he is known for the lightning bolt, bifocal glasses, and the Franklin stove, among others. He founded many civic organizations, including the Library Company, Philadelphia's First Fire Department, and the University of Pennsylvania. Franklin earned the title of "First American" for his early and tireless efforts to unify the colonies and for his work in London as a writer and spokesperson for several colonies. As the first United States Ambassador to France, he exemplified America's rise to power.

Franklin defined the American spirit as the combination of practical values ​​of economy, industry, education, community spirit, self-government, and opposition to political and religious authoritarianism with the values ​​of science and tolerance. clarification. In the words of historian Henry Steele Commager, "In Franklin it was possible to combine the virtues of faultless Puritanism, the lightness of Enlightenment without enthusiasm." Franklin has been called "the most able and influential American inventor in this type of society". America will become.

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Let sin A = 1/3 where A terminates in Quadrant 1, and let cos B = 2/3, where B terminates in Quadrant 4. Using the identity:

cos(A-B)=cosACosB+sinAsinB


find cos(A-B)

Let sin A = 1/3 where A terminates in Quadrant 1, and let cos B = 2/3, where B terminates in Quadrant

Answers

Using trigonometric identity, cos(A-B) is:

\(cos (A-B) = \frac{2\sqrt{8}\ + \sqrt{5}}{9}\)

How to find cos(A-B) using the trigonometric identity?

Trigonometry deals with the relationship between the ratios of the sides of a right-angled triangle with its angles.

If sin A = 1/3 and A terminates in Quadrant 1. All trigonometric functions in Quadrant 1  are positive

sin A = 1/3 (sine = opposite/hypotenuse)

adjacent = √(3² - 1²)

               = √8 units

cosine = adjacent/hypotenuse. Thus,

\(cos A = \frac{\sqrt{8} }{3}\)

If cos B = 2/3 and B terminates in Quadrant 4.

opposite = √(3² - 2²)

                = √5

In  Quadrant 4, sine is negative. Thus:

\(sin B = \frac{\sqrt{5} }{3}\)

We have:

cos(A-B) = cosA CosB + sinA sinB

\(cos (A-B) = \frac{\sqrt{8} }{3} * \frac{2}{3} + \left \frac{1}{3} * \frac{\sqrt{5} }{3}\)

\(cos (A-B) = \frac{2\sqrt{8} }{9} + \left\frac{\sqrt{5} }{9}\)

\(cos (A-B) = \frac{2\sqrt{8}\ + \sqrt{5}}{9}\)

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Chebyshev's theorem says that for any set of observations, the proportion of values that lie within k standard deviations of the mean is?

Answers

Chebyshev's theorem says that for any set of observations, the proportion of values that lie within k standard deviations of the mean is  1 - 1/k².

What do you mean by standard deviation?

In statistics, Standard deviation is a measure of the variation of a set of values.

σ = standard deviation of population

N = number of observation of population

X = mean

μ = population mean

We know that Chebyshev's theorem states that for a large class of distributions, no more than 1/k² of the distribution will be k standard deviations away from the mean.

This means that 1 - 1/k² of the distribution will be within k standard deviations from the mean.

Lets k = 1.8, the amount of the distribution that is within 1.8 standard deviations from the mean is;

1 - 1/1.8² = 0.6914

= 69.14%

Hence, Chebyshev's theorem says that for any set of observations, the proportion of values that lie within k standard deviations of the mean is  1 - 1/k².

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A sample statistic addresses the parameter it is designed to estimate when
A the sample is large
B the target population and the sampled population are equivalent
C the sample is smaller than the target population
D the parameter is valid

Answers

A sample statistic handles the parameter it is intended to estimate so when target population and indeed the sampled population are equal.

What are statistics?

Data gathering, organization, analysis, interpretation, as well as presentation are all topics covered in the field of statistics. It is customary to start with a statistical population or perhaps a statistical model to be investigated when using statistics to solve a scientific, industrial, or social problem.

To what end do we study statistics?

To sum up, the five reasons to studying statistics are to be able to do research efficiently, to read and assess journal articles, to even further develop critical thinking and analytical skills, to behave as an informed consumer, and to be aware of when you need to seek outside statistical support.

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Express the location of the point on the number line as both a fraction and a decimal.

Express the location of the point on the number line as both a fraction and a decimal.

Answers

Decimal: 0.3
Fraction: 3/10

I need help finding the quotient.

I need help finding the quotient.

Answers

Answer:

a. -24w^6/y^7z^3

Step-by-step explanation:

i hope this helps :)

please help will give brainliest

please help will give brainliest

Answers

Answer:

A = 600 ft²

Step-by-step explanation:

Area of a triangle = (1/2) · b · h

↓ plugging in the given values (noting that the base is actually at the top of the triangle)

A = (1/2) · 40 · 30

↓ multiplying

A = 20 · 30

A = 600 ft²

Step-by-step explanation:

See image:

( the picture is cut off , so I cannot tell the units....If each square is 10 feet then it would be

 600 ft^2)

please help will give brainliest

The local theater sells tickets to its plays at a rate of $38 each. Patrons who attend multiple shows are encouraged to buy an annual membership for $80. Members are able to buy tickets at a discounted rate of $20 each. Roger expects to attend 6 shows this year. Grace expects to attend 4 shows. Who would benefit from buying a membership this year?
neither Grace nor Roger
only Grace
only Roger
both Grace and Roger

Answers

Answer:

Roger

Step-by-step explanation:

Since he is attending more shows, he will benefit. He will save a net amount of $40

Answer:

roger

Step-by-step explanation:

6.2 Scale factor, Area factor and Volu 1 1 point Given the scale factor of 59.5 for two rectangular prisms, what 2 Type your answer... 3 2 4 If a rectangular prism has the width of 5. the length of 10, and the number ory 5

Answers

1.

Assume that the first prism have dimension l, w and h. Therefore its volume is:

\(V=lwh\text{ }\)

Now, the second prism after applying the scale factor has dimensions 59.5l, 59.5w and 59.5h, hence its volume will be:

\(\begin{gathered} V^{\prime}=59.5l\cdot59.5w\cdot59.5h \\ =210644.9lwh \\ =210644.9V \end{gathered}\)

Therefore, the scale factor for the volume is 210,644.9.

2.

The are of the base of a rectangular prism is given by:

\(A_b=lw\)

hence, in this case we have:

\(A_b=5\cdot10=50\)

Therefore the area of the base is 50 squared units.

140 is what percent
less than 160 ? PLSASE HELP

Answers

Answer:

The answer should be 12.5%

four friends are baking bread . they equally share 3 sticks of butter. write an equation to find the fraction of a stick of butter that each friend uses.

Answers

The equation will be 4x = 3 and the fraction of the butter stick that each friend will use is x = 3/4.

What are equations?A mathematical equation is a formula that uses the equals sign to represent the equality of two expressions. A mathematical statement that has an "equal to" symbol between two expressions with equal values is called an equation. As in 3x + 5 Equals 15, for instance. Equations come in a variety of forms, including linear, quadratic, cubic, and others. The point-slope form, standard form, and slope-intercept form are the three main types of linear equations.

So, the equation will be:

A Number of friends are 4.The number of butter sticks is 3.

Then, the equation is:

4x = 3

3 sticks equally shared by 4 friends:

4x = 3x = 3/4

Therefore, the equation will be 4x = 3 and the fraction of the butter stick that each friend will use is x = 3/4.

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(a) A = = (b) A = 2 2 4 1 -2 -2 -7] -4

Answers

 By multiplying matrices B and A, we obtain the product BA. Using BA, we can solve the system of equations y + 2z = 7, x - y = 3, and 2x + 3y + 4z = 17.the values of x, y, and z are -1, 2, and 1 respectively

To find the product BA, we multiply matrix B with matrix A. The resulting matrix will have the same number of rows as B and the same number of columns as A. The product BA will be used to solve the given system of equations.
The product BA can be computed by multiplying each row of matrix B by each column of matrix A and summing the results. The resulting matrix will be:
Now, we can use the product BA to solve the system of equations:
-10x - 10y + 6z = 7,
3x - 8y + 2z = 3,
-6x - 16y + 15z = 17.

1 -1 2
2 3 1
0 4 2
We can rewrite this system of equations as:
-10x - 10y + 6z = 7,
3x - 8y + 2z = 3,
-6x - 16y + 15z = 17.
By comparing the coefficients of x, y, and z in the system of equations with the entries in the matrix BA, we can determine the values of x, y, and z.
Solving the system of equations using matrix BA, we get:
x = -1,
y = 2,
z = 1.
Therefore, the values of x, y, and z are -1, 2, and 1 respectively.

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The complete question is:
Given A=
⎣2 2 -4|
|-4 2 -4|
|2 -1 5|
, B=
⎣1 -1 0|
⎢2 3 4|
⎢0 1 2|
, find BA and use this to solve the system of equations y+2z=7, x−y=3, 2x+3y+4z=17.

Find the value of N the expression 24 : N = 12 : 17.

Answers

N=34
To solve this you figure out how they got the number 24 to be 12, in this case they divided by 2. So, to figure out what number divided by 2 equals 17, you multiply 17 by 2, which is 34.
I hope this helps, if you have any questions please feel free to ask! :)

Answer:

N = 34

Step-by-step explanation:

METHOD I

(hit and trial)

The given two ratios have to be equal.

This means, 24 : N must break down to 12 : 17 after dividing it by some common factor.

The common factor here is 2.

Since,

12 × 2 = 24

17 × 2 = 34

\( \boxed{\mathsf{ \underline{N \: must \: be \: 34}}}\)

(after dividing the first ratio by 2(common factor) we get the second ratio. Meaning that they become equivalent as required by the question).

METHOD II

(mathematical approach)

Ratios can be written in form of fractions as:

\( \boxed{ \mathsf{ \frac{24}{N} = \frac{12}{17} }}\)

Cross multiplying:

\( \implies \mathsf{24 \times 17 = 12 \times N }\)

taking 12 to the denominator:

\( \implies \mathsf{ \frac{24 \times 17 }{12} = N }\)

24 and 12 gets canceled and 2 takes up their spot

(why?

=> 24 ÷ 12 = 2)

\( \implies \mathsf{2 \times 17 = N } \)

\( \implies \mathsf{2 \times 17 = N } \)

\( \implies \mathsf{ N = 34 } \)

\( \implies \mathsf{ N = 34} \)

18=0.125 . Which calculation is NOT a way to find 58?

Answers

The calculation that is not a way to find a fraction of 5/8 is:

1 - 0.125.

What is a fraction?

A fraction is a numerical representation of the division of the two terms x and y, as follows:

Fraction = x/y.

The terms are classified as follows:

The top term x is the numerator of the fraction.The bottom term y is the denominator of the fraction.

Hence the numeric value of the fraction 5/8 presented in this problem is given as follows:

5/8 = 0.625.

The calculation that is not a way to find the fraction of 5/8 is the only expression that has a different value than 5/8.

The expression with a different value is of:

1 - 0.125 = 0.875.

As the value of 0.875 is different than the value of 0.625 equivalent to the fraction of 5/8.

Missing Information

The complete problem is given by the image at the end of the answer.

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18=0.125 . Which calculation is NOT a way to find 58?

When methane, CH4, is combusted, it produces carbon dioxide, CO2.

Balance the equation: CH4 + O2 → CO2 + H2O.
Describe why it is necessary to balance chemical equations.
Explain why coefficients can be included to and changed in a chemical equation, but subscripts cannot be changed.

Answers

Chemical equations must be balanced to satisfy the law of conservation of mass. Coefficients can be adjusted to balance the number of atoms, but changing subscripts would alter the compound's identity.

To balance the equation CH4 + O2 → CO2 + H2O, we need to ensure that the number of atoms of each element is the same on both sides of the equation.

Balancing chemical equations is necessary because they represent the law of conservation of mass. According to this law, matter is neither created nor destroyed in a chemical reaction. Therefore, the total number of atoms of each element must be the same on both sides of the equation to maintain this fundamental principle.

Coefficients are used in chemical equations to balance the equation by adjusting the number of molecules or atoms of each substance involved. Coefficients are written in front of the chemical formula and represent the number of moles or molecules of that substance. By changing the coefficients, we can adjust the ratio of reactants and products to ensure that the number of atoms of each element is balanced.

On the other hand, subscripts within a chemical formula cannot be changed when balancing an equation. Subscripts represent the number of atoms of each element within a molecule and are specific to that compound. Changing the subscripts would alter the chemical formula itself, resulting in a different substance with different properties. Therefore, we must work with the existing subscripts and only adjust the coefficients to balance the equation.

In summary, balancing chemical equations ensures that the law of conservation of mass is upheld, and the same number of atoms of each element is present on both sides of the equation. Coefficients are used to adjust the number of molecules or moles, while subscripts within the chemical formula remain fixed as they represent the unique composition of each compound.

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Where did my dad go? He went to get milk but never came back

Answers

The phrase "He went to get milk but never came back" is often used as a humorous way to explain someone's absence or to imply that someone is unreliable or untrustworthy.

The phrase likely originates from a common experience where a child's parent, often their father, promises to go out to get something, like milk, but never returns. This can be a source of disappointment and confusion for the child, and the phrase has since been used in a joking manner to explain someone's failure to show up or fulfill a promise.

However, it is important to recognize that this experience can also be a source of trauma and should not be used to make light of someone's pain or loss.

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Plz help I have a geometry exam soon!!!!! :(

Plz help I have a geometry exam soon!!!!! :(

Answers

Answer:

a = 93°, b = 120°, c = 150°

Step-by-step explanation:

b + 36 = 78 × 2 => b + 36 = 156 => b = 120°

87 × 2 - b = the minor arc between a and 78

=> 174 - 120 = 54

54 + b + 36 + c = 360

=> 54 + 120 + 36 + c = 360

=> c = 150°

(c + 36) ÷ 2 = a

=> (150 + 36) ÷ 2 = a

=> a = 93°

Other Questions
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