Suppose that the demand for a good is more elastic than the supply. What does this imply?.

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Answer 1

If the demand for a good is more elastic than the supply, it implies that a change in price will cause a larger change in quantity demanded than quantity supplied. In other words, buyers are more responsive to changes in price than sellers.

Supply elasticity is determined by the responsiveness of quantity supplied to a change in price. When the supply is elastic, changes in price have a significant effect on the quantity supplied. Similarly, the demand elasticity of a product refers to the degree of change in quantity demanded due to a change in price.

When the demand is elastic, the quantity demanded increases significantly with a small decrease in price, while the quantity demanded decreases significantly with a small increase in price.

So, if the demand is more elastic than the supply, a small increase in price will lead to a larger decrease in quantity demanded while a small decrease in price will lead to a larger increase in quantity demanded. Hence, we can say that in this case, the buyers have a greater bargaining power than the sellers, and the market will be more sensitive to changes in the demand and supply of the product.

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Related Questions

Name factors of production and their remumeration​

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Land, labor, capital, and entrepreneurs are the four primary factors that contribute to production. Their earnings are referred to as rent, wages, interest, and profit.

In economics, what is used in the production process to produce output—that is, goods and services—are referred to as factors of production, resources, or inputs. The relationship known as the production function states that the quantity of output is determined by the utilized amounts of the various inputs.

What is the significance of the production factors?

A given economy's total productivity potential is made up of the factors of production taken together. Economists and policymakers can better predict the potential of an economy, make predictions, and develop policies to increase productivity by having a better understanding of their relative availability and accessibility.

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explain the extended period of time it takes the market to self correct in order to close an output gap.

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The extended period of time it takes for the market to self-correct and close an output gap is determined by the speed of economic adjustment. This adjustment process is affected by the elasticity of goods and services, the speed of money and capital flows, and the type and magnitude of economic shock.

Elasticity is how responsive prices are to changes in demand. The speed of money and capital flows affect the speed of adjustment, as when capital is easily transferable it is easier for the market to adjust. The type and magnitude of the economic shock also affects how quickly the market will adjust. Generally, it takes longer for the market to adjust to larger shocks.

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NEED HELP ASAP

Complete the following sentence.

Chronological, functional, and targeted are just a few of the many formats for writing a _____.

Answers

Answer:

I think it's a story/book

Explanation:

because it's the only thing I can think of when I think of the words chronological, functional, and targeted.

Consider the market for books. What would happen to the equilibrium price and quantity of books if consumer incomes rise

Answers

If consumer incomes rise in the market for books, it would generally lead to an increase in demand for books. As a result, the equilibrium price and quantity of books would likely increase as well, as consumers would be willing to purchase more books at higher prices.

If consumer incomes rise, then there will be an increase in demand for books. This is because people will have more disposable income and may choose to spend some of it on books. As a result, the demand curve for books will shift to the right. This will cause an increase in both the equilibrium price and quantity of books.

The increase in price will reflect the increased demand for books, while the increase in quantity will reflect the fact that more books will be sold due to the increased demand. Overall, the market for books will experience a positive shift as a result of the increase in consumer incomes.

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how many tines in earth does the sun intersect equartor​

Answers

Answer:

два

Explanation:

Delectable, Inc.'s unadjusted trial balance includes Accounts Receivable of $10,000; Allowance for Doubtful Accounts of $50 credit balance; and Sales Revenue of $100,000 (all on credit). Management estimates that 2% of credit sales will be uncollectible. Delectable's financial statements will show ______. (Check all that apply.)

Answers

Delectable's financial statements will show Allowance for Doubtful Accounts of $1,000 on balance sheet and Bad debts expense of $950 on Income statement

Here, we are to determine the records of bad debts expenses on Income statement and Allowance for doubtful accounts on Balance sheet.

Bad debts expense = Estimated bad debts - credit balance in allowance account

Bad debts expense = $1,000 - $50

Bad debts expense = $950

                            Journal Entry

General journal                                  Debit   Credit

Bad debts expense                            $950

Allowance for Doubtful accounts                   $950

(Bad debts expense recorded)

The allowance for doubtful account will be $1,000. ($950+$10) because the Allowance for Doubtful Accounts had $50 credit balance.

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briefly describe the risk and the negative impact of outsourcing in information systems operations.

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Outsourcing in information systems operations poses risks and negative impacts.

Outsourcing certain aspects of information systems operations can introduce risks and negative impacts for organizations. When companies choose to outsource their IT operations to external service providers, they relinquish direct control over critical functions and sensitive data. This lack of control can lead to potential risks such as compromised data security, loss of intellectual property, and reduced service quality. Additionally, outsourcing can result in a loss of in-house expertise, limited flexibility in responding to changing business needs, and difficulties in managing vendor relationships. These factors can have a detrimental impact on the organization's overall performance and productivity.

Outsourcing information systems operations exposes the organization to the risk of compromised data security. By entrusting sensitive data to external providers, the company may face increased vulnerability to data breaches, unauthorized access, or data leaks. This can lead to reputational damage, legal implications, and financial losses.

Furthermore, outsourcing can result in a loss of in-house expertise. When key IT functions are outsourced, the organization may rely heavily on the expertise of the external vendor, which can limit the development and retention of internal knowledge and skills. This dependence can hinder the organization's ability to adapt to technological advancements or address complex IT issues promptly.

Managing vendor relationships also poses a challenge when outsourcing. Organizations may face difficulties in ensuring service quality, maintaining effective communication, and enforcing contract terms. Lack of alignment between the organization's goals and the vendor's priorities can lead to conflicts, delays, and subpar performance.

In conclusion, while outsourcing information systems operations can offer benefits such as cost savings and access to specialized skills, it also carries risks and negative impacts. Companies must carefully evaluate the potential risks and develop robust strategies to mitigate them, ensuring that the benefits of outsourcing outweigh the associated drawbacks.

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lolLloleoreniiwkv ibyuerw

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Hhahahlool loolllol lol

An and Bo are partnership together. They buy and renovate properties which they then rent out or sell to other people.

The business has been going for six years and is profitable. They want to expand the business to offer a maintenance And repairs service to both the private sector and public sector.

However, the partners do not have the capital needed for this expansion.

Bo’s sister, Jiao, has said that she is prepared to invest in the business in return for a share in the profits.

An and Bo are also considering changing the legal structure to a private limited company.

a. Identify two features of public sector organizations.

b. Identify two advantages and two disadvantages to An and Bo of being a partnership.

c. Explain two benefits to An and Bo of expanding their businesses.

d. Do you think the partners should become a private limited company? Justify your answer.

Answers

Together, An and Bo form a partnership. They invest in real estate and then refurbish it before renting or selling it to others. Following is the required information.

Give a brief account on partnership.

a. Two features of public sector organizations.

Government funding: The public authority provides funding for public projects. They either belong to the public authority, which has claimed them, or the public authority owns a bigger portion of them. In some attempts, private ventures are also permitted, but the public authority, in a sense, performs the dominant role.Government Management: The public authority is in charge of regulating public enterprises. The government has occasionally started businesses in its own areas of expertise. In many situations, the government selects someone to handle the endeavors. In fact, the public authority divisions directly and implicitly bind even independent bodies.

b. Two advantages of being in a partnership :

Bridging the Knowledge and Expertise Gap: By collaborating with someone, you may have access to a greater breadth of knowledge and expertise for many aspects of your organization. A solid partner might also contribute expertise and experience that you might be lacking, as well as complementing abilities that will aid in business expansion.More Money: A potential partner may inject additional funds into the company. The other individual might be more connected strategically than you are. This could assist your business in luring in new investors and raising further funds to expand. The correct company partner could also improve your capacity to obtain financing for business expansion.

Two disadvantages of being in a partnership :

Liabilities: A partnership involves shared business losses and responsibilities for all business related debts, even if they incurred by the other partner. These obligations are in addition to sharing revenues and assets. Your assets and personal money may suffer as a result. In essence, you might be held accountable for choices your partner takes regarding the company. This may be one of the most important things to take into account while weighing the benefits and drawbacks of a partnership.Loss of Autonomy: Although you probably like having complete control over your company, under a partnership, you would now share that control with a partner and make crucial choices together.

c. Two benefits to An and Bo of expanding their businesses :

capable of increasing sales and profitability.can access new markets or customers.

d. The partners shouldn't form a private limited business since partnerships have more benefits than private limited companies, including easier establishment and reduced costs.

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PLEASE HELP I WILL GIVE BRAINLIEST!!!!!!!!!!!!!!!!!!
Darcy is in charge of selling some old equipment for her company as they clean out their warehouse. A customer offers to pay $6,000 for a set of old printing presses. To ensure she receives the funds, how should Darcy NOT accept payment for these items?

through an electronic funds transfer (EFT)

with cash

with a certified check

with a standard check

Answers

I’d say a standard check because it doesn’t get checked by the bank if they have enough and you’re trusting the person that the check won’t bounce and then you’re out $6,000 while they already have the equipment.

The assumption of asymmetric information means that:.

Answers

It means that one party in a transaction is in possession of more information than the other.

is sueing someone for 50,000 dollars for no reason an example of integrity because recently a neighbor in my neighborhood was being rude and then continued to say that people who are not like him do not have integrity... (before get further in just know this guy smokes weed and get drunk like every day and also know one of my other neighbors works for selling houses in my neighborhood) he then sues one of my neighbors who sells houses for no reason and for 50,000 dollars. So...is this integrity lol also let me know if I should tell more crazy stories in my life on brainly lol.

Answers

Answer:

oh

Explanation:

.............................

Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.

Answers

25 tickets

($14)(25)=$350
($25)(11)=$275
$350+$275= $625

Noriko analyzes ways to create and improve computer systems.
Boris helps people who are having difficulty using computers.
Lane writes code for operating systems.
Jewel tests software to identify problems.
Carla fixes and maintains databases.
Ignacio plans, organizes, and oversees information technology projects.

Answers

Answer:Brian uses ultrasound technology to create images of a patient’s liver and kidneys.

Nigel performs tests on a patient to get information about how his heart is working.

Krystal analyzes X-rays to determine whether a patient has a broken arm.

Explanation:

Answer:

A. B. F.

Explanation:

Edge

Which of these situations can be handled by using the Management Information Systems?
An organization needs different types of managements to achieve business goals smoothly. However, managers, executives, and employees face
problems and hurdles while running the organization. (Sometimes, there are problems in the inventory department. )(At times, the organization
faces problems with the performance of their products in the market.)(Decision makers of the organization are not able to take proper
decisions.)(Employees face technical Issues while feeding data into a database.)

Answers

Answer:

Which of these situations can be handled by using the Management Information Systems?

An organization needs different types of managements to achieve business goals smoothly. However, managers, executives, and employees face problems and hurdles while running the organization. Sometimes, there are problems in the inventory department. At times, the organization faces problems with the performance of their products in the market. Decision makers of the organization are not able to take proper decisions. Employees face technical issues while feeding data into a database.

Explanation:

An auditor has identified numerous debits to accumulated depreciation of equipment. Which of the following is most likely? Multiple Choice The estimated remaining useful Iives of equipment were Increased The prior year's depreciation expense was erroneously understated Overhead allocations were revised at year-end Plant assets were retired during the year

Answers

An auditor has identified numerous debits to accumulated depreciation of equipment. Most likely plant assets were retired during the year.

The accumulated depreciation of an asset up to a specific point in its life is known as accumulated depreciation. As a counter asset account, accumulated depreciation's natural balance is a credit that lowers the asset's total value. The total amount of depreciation applied to an asset up to a particular point is known as accumulated depreciation.

The beginning cumulative depreciation balance is increased with each period's depreciation expense. A counter asset that lowers an asset's book value is accumulated depreciation. Depreciation over time has a built-in credit balance. However, accumulated depreciation is shown on a balance statement under assets.

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Environmental cues turn tangible things into intangible ideas.
O False
O True

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Jeremy is making a trail mix containing raisins and peanuts. Raisins cost $1. 50 per pound. Peanuts cost $2. 50 per pound. Jeremy spends $10. 50 to make 5 pounds of trail mix. He uses the table below to organize this information. A Table titled Trail Mix showing Pounds, Cost, and Total. The first row shows Raisins, with r, 150, and 1. 5 r. The second row shows Peanuts, with 5 minus r, 2. 50, and 2. 5 left-parenthesis 5 minus r right parenthesis. The last row shows Mixture, with 5, blank, and 10. 50. Which equation can Jeremy use to determine the amount of raisins in the trail mix? r 1. 50 = 1. 5r r (5 â€" r) = 5 1. 5r 2. 5(5 â€" r) = 10. 50 1. 5r 2. 5(5 â€" r) = 5.

Answers

The equation that Jeremy can  use to determine the amount of raisins in the trail mix will be C. 1.5r + 2.5(5 - r) = 10.50

Let r = the amount of raisins

Let p = the amount of peanuts

The equation will be:

r + p = 5 ...... i

1.5r + 2.5p = 10.50

From equation i, p = 5 - r .. iii

Equation iii will be substituted into ii

1.5r + 2.5p = 10.50

1.5r + 2.5(5 - r) = 10.50

In conclusion, the correct option is C.

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Secondary market transactions would include all of the following except
A) sale of $10 million of municipal bonds by a broker-dealer acting as a market maker.
B) sale of $10 million of corporate bond by a broker-dealer acting as an underwriter.
C) sale of $10 million of U.S. Treasury bonds by a broker-dealer acting as a market maker.
D) sale of $10 million of corporate stock by a broker-dealer acting as a market maker.

Answers

Secondary market transactions would include all of the following except  sale of $10 million of corporate bond by a broker-dealer acting as an underwriter. The correct answer is B.

Secondary market transactions involve the buying and selling of previously issued securities among investors. It includes transactions such as the sale of municipal bonds, U.S. Treasury bonds, and corporate stocks by broker-dealers acting as market makers. These transactions occur after the initial issuance of the securities.

Option B states the sale of $10 million of corporate bond by a broker-dealer acting as an underwriter. However, underwriters are typically involved in the primary market, where they facilitate the issuance of new securities. Therefore, it is not an example of a secondary market transaction.

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Assume there are two profit-maximizing internet radio providers operating in this market. Further assume that they are able to collude on the quantity of subscriptions that will be sold and on the price that will be charged for subscriptions. If the firms divide the market evenly, how much profit will each company earn?

Answers

One of the postulates of game theory is that a firm will always have a single dominant strategy. A Nash equilibrium results when every firm in an industry chooses a strategy that is optimal given the strategies chosen by its competitors.

The subscription enterprise version is an enterprise model wherein a consumer must pay a habitual charge at regular intervals to enter a service or product. The model was pioneered by means of publishers of books and periodicals within the 17th century,and is now utilized by many businesses, websites or even pharmaceutical agencies in partnership with the government.

in preference to selling merchandise personally, a subscription offers periodic (each day, weekly, bi-weekly, monthly, semi-annual, every year/annual, or seasonal) use or get admission to to a product or service, or, within the case of overall performance-oriented businesses together with opera agencies, tickets to the complete run of some set wide variety of (e.g., five to fifteen) scheduled performances for an entire season. thus, a one-time sale of a product can come to be a routine sale and might construct brand loyalty.

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How many views can you simultaneously display in one window within Project? a. twob. fourc. fived. three

Answers

You simultaneously display four windows in one window within Project, The correct answer is option b. In Project, you can simultaneously display up to four views in one window. This allows you to see different aspects of your project at the same time, such as the Gantt Chart, Task Usage, Resource Sheet, and Timeline.

To display multiple views in one window, go to the View tab and select the "Arrange All" button in the Window group. Then, choose the desired views from the drop-down menu and click "OK." You can also use the "New Window" button in the Window group to create a new window with a different view.

It is important to note that the number of views you can display in one window may be limited by the size of your screen and the complexity of your project.

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Describe internal check and explain how it protects the owners interest.(10mks)

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Internal check refers to a system of organizing and dividing duties within a business to ensure accuracy and prevent fraud.

It protects the owners' interests by distributing responsibilities among various employees, minimizing the risk of errors, theft, and mismanagement. Key components of internal checks include segregation of duties, authorization, and reconciliation.

Segregation of duties prevents one employee from having too much control, while authorization ensures transactions are approved by appropriate personnel.

Reconciliation allows for the identification of discrepancies and timely resolution. By implementing a robust internal check system, owners can safeguard their investments and maintain financial integrity within their organization.

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The following are all the benefits of applying secondary data in marketing research except; a) Cost of the data b) Time period of the data c) Accessibility of the data d) All of the above

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d) all of the above.none of these factors (cost of the data, time period of the data, accessibility of the data) are disadvantages of using secondary data in marketing research.

d) all of the above.

the benefits of applying secondary data in marketing research include:

a) cost of the data: secondary data is often less expensive to obtain compared to primary data, which requires conducting new research and data collection. secondary data sources, such as government publications, industry reports, and existing databases, are typically more cost-effective or even available for free.

b) time period of the data: secondary data can provide historical data and trends, allowing researchers to analyze past patterns and make comparisons over time. this historical perspective can be valuable in understanding market dynamics and identifying long-term trends.

c) accessibility of the data: secondary data sources are often readily available and easily accessible. researchers can access a wide range of secondary data through online databases, libraries, government agencies, and industry associations. this accessibility allows for quick access to a wealth of information without the need for extensive data collection efforts.

however, it is important to note that the question is asking for the exception.

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Regina is looking to start a knitting business and completes a target profile to include in her business plan. Identify which item in her target market profile is in the wrong category and where it should be moved. ​

Regina is looking to start a knitting business and completes a target profile to include in her business

Answers

Answer:

geographic information

Which of the following is distribution focused on when thought of as a function of marketing?

Answers

Are there options to this question

Getting products to the best place place for customers to locate and obtain them is distribution focused on when thought of as a function of marketing.

What is distribution in marketing ?

The act of sending commodities from one party to another is known as distribution. Between producers and consumers, the goods are divided.

the route that a product travels on to reach its ultimate consumer. Companies that engage in sales transactions to transfer goods from the producer to the consumer; sometimes known as intermediaries.

Distribution (or place) is one of the marketing mix's four components. Making a good or service accessible to the consumer or business user who needs it is the process of distribution. The producer or service provider may carry this out directly or through indirect channels, such as distributors or intermediaries.

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When an outcome at the macroeconomic level is different from the outcome at the microeconomic level it is know as a:_______

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Macroeconomic externality occurs when outcomes at the macroeconomic level are different from the outcomes at the microeconomic level.

An externality is a cost or benefit incurred or received by a producer that is not incurred or received financially by that producer. Externalities can be both positive and negative, and they can arise from the production or consumption of a good or service. The costs and benefits can be private (to an individual or an organization) or social (affecting society as a whole).

Natural externalities are typically environmental in nature, such as natural resources or public health. A negative externality, for example, is a business that causes pollution that reduces the property values or health of people in the surrounding area. Actions that reduce disease transmission or avoid the use of lawn treatments that runoff into rivers and thus contribute to excessive plant growth in lakes are examples of positive externalities. Externalities are not the same as parkland donations or open-source software.

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Why very few subsistence economies exist today

Answers

Answer:

As previously mentioned,

subsistence markets are

extremely vulnerable to

external influences.

Because of this

vulnerability, these economies are

becoming more scarce around the

world. In the past, for example, large

populations of indigenous peoples lived

throughout North America.

What is stock? Explain in your own words.

Answers

Answer:Definition: What are stocks? Stocks are securities that represent an ownership share in a company. For companies, issuing stock is a way to raise money to grow and invest in their business. ... When you own stock in a company, you are called a shareholder because you share in the company's profits.

Explanation:

Which step is the most important step in the decision making process?.

Answers

Answer:

The most important step of the decision-making process is: Assessing the possible uncertainties in the future course of action. It is a must for any of the firms to assess or evaluate the possible risks or the uncertainties associated with the firm operation and functioning.

20 POINTS FOR THE ANSWER
Choose a specific technological advancement from the list presented. Once you have chosen, research its impact on the evolution of media in relation to design. Make sure to cite your sources too!
Possible choices:
Johannes Gutenberg and the printing press
Pi Sheng and movable type
Saul Bass and movie credit design
Paul Rand and corporate identity systems
Digital printing
Digital photographic editing
Linotype typesetting machine

Answers

Digital printing is best used for items that require high amounts of detail and smaller quantity orders. Unlike conventional printing, there are no pre-press stages between the digital document files and the final product; there is also no need for messy formatting equipment like film plates or photo chemicals.

What is the evolution of printing?

The printing is credited as the earliest form and was first developed in China around 200AD. As the name suggests, it involves carving a design into a block of wood. Once the wood is carved, the raised part is then inked and paper is placed on top.

It's been 20 years since Israeli Benny Landa revolutionized the printing industry with the advent of digital printing, and industry watchers say the inventor may have repeated the feat with a new product unveiled.

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a. Melbourne Central Business District (CBD) train line is only operated by Metro. Singh and his two (2) friends are from rich families. After graduating from Holmes Institute they wanted to establish a passenger train line in Melbourne Central CBD. Accordingly, they made an application to the Victorian Department of Transport. However, the Victorian Department of Transport rejected their application.Examine the factors that could have contributed to the decision by the Victorian Department of Transport to reject Singh and his friends application to enter the industry.b. Examine the price discrimination practices in the train transport industry? in your own word what is military courtesy ________ appraisal involves judging whether a stessor is either a threat or a challenge. Rodrigo leaves a $23. 76 tip on a $132 bill. What percent tip did he leave? research findings from a human clinical trial study on high blood pressure treatments in older adults were just published in a research journal. figure 1, a box-whisker plot, reports the mean blood pressure levels of the subjects after six weeks of treatment on placebo medication, treatment a, or treatment b. what information is important to include on the box-whisker plot? Rewrite Scene i, lines 7584 in contemporary/modern English. Your lines do not have to rhyme. (Macbeth Act III) Quien quiere ser mi amigo?el quien quiere ser me envia una notificacinel quien no quiera hacerlo, pues que no lo haga XD Troy lifts a box of weigh 400 n to height of 1 m. how much energy does troy use? two thirds a number x plus 3 is 6 x+y+z=42x+3y2z=10x+2y3z=12Enter your answer, in the form (x,y,z), in the boxes in simplest terms. 49 In which sentence is the word emanated used correctly? A. Her lifelong wish to live in California emanated from the fact that she was born there. B. The cookies burnt and emanated. C. The airplane slowly landed and then emanated. Blood type AB is the rarest blood type, occurring in only 4% of the population in the United States. In Australia, only 1.5% of the population has blood type AB. Suppose a random sample of 50 U.S. residents and 40 Australians is obtained. Consider the random variables described below:X: the number of US residents (out of 50) with blood type AB.Y: the number of Australians (out of 40) with blood type AB.Z: the total number of individuals (out of 90) with blood type AB.Which of the following is true about the random variables X, Y, and Z? a. X is a binomial random variable with n = 50 and p = 0.04b. Y is a binomial random variable with n = 40 and p = 0.015c. Z is a binomial random variable with n = 90 and p = 0.055 hospital team members teach the staff to work more efficiently without sacrificing patient care. which health care initiative is this hospital using? quality improvement (qi) performance improvement (pi) total quality management (tqm) continuous quality improvement (cqi) How many people make up the executive branch enough of a monoprotic weak acid is dissolved in water to produce a 0.0143 m solution. the ph of the resulting solution is 2.66 . calculate the ka for the acid. Rectangular garden measures 31 feet by 41 feet. surrounding the garden is a path 4 feet wide find the area of this path In a given town, demand for fish and supply of fish is given by P = 5385 - 16 * Q and P = 1947 + 22 * Q respectively. Here P and Q denote are fish price and fish quantity (in tons). How many tons of fish are sold if the fish market is competitive? Which of the following is NOT a consideration of chinese art concept?A. EarthB. HeavenC. HellD. Humankind I got carried away I need a lil help.calculate 57% of $295 to the nearest cent Soru 4 Calculate the two-sided 95% confidence interval for the population standard deviation togmal given that a sample of size n-16 yields a sample standard deviation of 7.29. Yantnz: 05.63 sig