the introduction of the GST tax leads to a short-term increase in demand, output, and inflation, but in the long run, the economy returns to its equilibrium level, with no permanent effects on output or price levels.
The introduction of the goods and services tax (GST) in Australia on 1 July 2000 had significant impacts on the country's economy. Before the GST became operational, there was a spike in consumption as consumers hurried to buy products they believed would be substantially more expensive with the GST. The figure 1 shows the effects of the surging demand on inflation and the central bank's policy responses (i.e., cash rate, the policy interest rate in Australia) in the period before and after the GST's introduction.
The aggregate demand (AD) - aggregate supply (AS) framework is a tool that can be used to analyze the impacts of GST on output and price levels. In the short run, GST's introduction increased demand as consumers scrambled to purchase goods before the tax went into effect. As a result, the aggregate demand (AD) curve shifted to the right from AD0 to AD1 in the short term, as seen in Figure 2. When AD shifts to the right, there is a short-run output expansion since the real Gross Domestic Product (GDP) rises.
Figure 2: AD-AS framework in short run
In the short run, the price level will rise in response to increased demand. This is because the economy is producing at a higher output level, which means that businesses are working at full capacity to meet demand. The shift in AD leads to a temporary inflationary pressure, with a rise in the price level from P0 to P1, as seen in Figure 2.
In the long run, the economy returns to its equilibrium level, and the price level decreases. When the economy reaches its full capacity in the long run, the short-run aggregate supply curve (SRAS) shifts to the left, as seen in Figure 3. This shift results from increased input prices, such as wages, rent, and raw materials. When SRAS shifts to the left, the economy moves to a new equilibrium point (E1), where output is equal to potential GDP, and the price level returns to its original level, P0.
Figure 3: AD-AS framework in long run
Therefore, the introduction of the GST tax leads to a short-term increase in demand, output, and inflation, but in the long run, the economy returns to its equilibrium level, with no permanent effects on output or price levels.
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constructive interference results in larger waves whereas destructive interference produces ________.
Destructive interference produces diminished waves.
Destructive interference occurs when two waves meet and their amplitudes are out of phase with each other. In this case, the peaks of one wave align with the troughs of the other wave, causing them to cancel each other out. As a result, the resulting wave has a smaller or diminished amplitude compared to the individual waves.
Interference occurs when two or more waves meet and interact with each other. Destructive interference happens when the peaks of one wave align with the troughs of another wave, causing them to cancel each other out. As a result, the amplitude of the resulting wave is smaller than that of the individual waves
Therefore, destructive interference leads to the production of smaller or diminished waves.
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s a revenue management auditor, explain how you will monitor compliance, denials, resubmitted claims, appeals for denied claims, and posting of late charges.
As a revenue management auditor, I would follow these steps to monitor compliance, denials, resubmitted claims, appeals for denied claims, and posting of late charges:
1. Compliance monitoring: Regularly review and analyze organizational policies, procedures, and guidelines to ensure they are in line with relevant laws and regulations. Conduct periodic audits to identify any areas of non-compliance and recommend corrective actions.
2. Tracking denials: Develop a system to track and categorize denied claims, and analyze patterns to identify common reasons for denials. This information will be used to improve the claims submission process and reduce the number of denials.
3. Resubmitted claims: Monitor resubmitted claims by keeping a record of previously denied claims and their reasons for the denial. Ensure that the issues have been addressed before resubmitting and follow up with the payer to confirm receipt and processing of the resubmitted claim.
4. Appeals for denied claims: Establish a process for appealing denied claims, including gathering the necessary documentation, drafting appeal letters, and submitting the appeal to the payer. Track the progress of appeals and document the outcome of each case.
5. Posting of late charges: Develop a procedure for identifying and posting late charges to patient accounts, ensuring that they are applied consistently and in accordance with relevant laws, regulations, and contractual agreements. Regularly review late charge postings to ensure accuracy and compliance.
By following these steps, I will effectively monitor compliance, denials, resubmitted claims, appeals for denied claims, and posting of late charges, ensuring efficient revenue management for the organization.
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Target profit is $100,000; fixed overhead costs are $120,000 and fixed selling and administrative costs are $50,000. If total variable cost is $675,000, the markup percentage to the variable cost using the variable cost method is:_______________
Answer: the markup percentage= 40 %
Explanation:
Markup, usually expressed as a percentage is the price one gets after selling a product from the difference of the purchase cost and selling price. The greater the markup, the more profit after sale of products.
To compute the markup percentage to variable cost using the variable cost method, we use the formulae
Markup=Target profit + fixed overhead cost + fixed selling and administrative costs) / total variable cost
$100,000 + $120,000 +$50,000 /$675,000
=0.4 x 100 = 40%
Markup percentage =40
Which of the following would be a financial audit (or a part of a financial audit) under the Government Auditing Standards?
A) An audit expressing an opinion on the basic financial statements of a state or local government audit.
B) An examination to determine whether purchasing procedures are appropriately designed to assure program supplies meet standards.
C) Both A and B above.
D) Neither A nor B above.
The correct answer is C) Both A and B above.
Under the Government Auditing Standards, both options A and B would be considered as part of a financial audit. Option A refers to an audit that expresses an opinion on the basic financial statements of a state or local government. This involves examining the financial statements to ensure they are presented fairly and in accordance with generally accepted accounting principles.
Option B involves examining purchasing procedures to determine if they are appropriately designed to ensure program supplies meet standards. While this may not directly relate to the financial statements, it is still considered part of a financial audit under the Government Auditing Standards. This is because evaluating the effectiveness of purchasing procedures can have an impact on the financial operations and controls of an organization.
The Government Auditing Standards, also known as the Yellow Book, provide guidance for auditors conducting financial audits of government entities. It sets forth the standards and requirements for audits, including the scope and objectives of the audit, the auditor's qualifications, and the reporting requirements. The standards aim to promote accountability, transparency, and integrity in the financial operations of government entities.
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What effect do communication skills have on ability to pursue
Answer:
you. dummy joking I. don't know
What is the price of a money market security with the bond equivalent yield of 4. 59%, 136 days to maturity, and a $1000 face value? Round to $0. 1
The price of the money market security with a bond equivalent yield of 4.59%, 136 days to maturity, and a $1000 face value is approximately $989.50.
To calculate the price of a money market security, we can use the formula:
Price = Face Value / (1 + (Yield * Maturity / 365))
where Yield is the bond equivalent yield and Maturity is the number of days to maturity.
Plugging in the values, we have:
Price = $1000 / (1 + (0.0459 * 136 / 365))
≈ $1000 / (1 + 0.01711)
≈ $1000 / 1.01711
≈ $989.50 (rounded to $0.1)
Therefore, the price of the money market security is approximately $989.50.
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Kamil Company produces three types of stereo headphones, K-11, K-12, and K-13. The production of all three types requires the use of a special machine, which can only be operated 300 hours each month. The following data are provided by the controller K-11 K-12 K-13 $84 $112 $147 Selling price per unit Variable cost per unit $49 $70 $56 10 minutes Machine time required in minutes 6 minutes 15 minutes The demand for all three types has been very strong, and the firm can sell as many headphones as it can produce. Required: 1. Given the capacity constraint imposed by the special machine, which type should be made? 2. How much would the selling price of the second most profitable product have to increase to be as profitable as the answer to A?
1. The K-11 headphones should be made based on the capacity constraint imposed by the special machine.
To determine the most profitable product, we need to consider the contribution margin per machine hour. The contribution margin is the selling price per unit minus the variable cost per unit.
For K-11: Contribution margin = $49 - $84 = -$35
For K-12: Contribution margin = $70 - $112 = -$42
For K-13: Contribution margin = $56 - $147 = -$91
The negative contribution margins indicate that producing any of the three types would result in a loss. However, since the special machine can only be operated for 300 hours each month, the best option would be to produce the product that incurs the least loss per machine hour. In this case, that would be the K-11 headphones with a loss of $35 per machine hour.
2. To match the profitability of the K-11 headphones, the selling price of the second most profitable product would need to increase by $35 per unit.
The second most profitable product in this case is the K-12 headphones. To determine the required increase in selling price, we need to compare the contribution margins of K-12 and K-11.
For K-11: Contribution margin = $49 - $84 = -$35
For K-12: Contribution margin = $70 - $112 = -$42
The difference in contribution margin between K-12 and K-11 is -$7. To make the K-12 headphones as profitable as the K-11 headphones, the selling price needs to increase by $7 per unit.
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Workers also have the right to refuse to do a job if they believe in:.
ou have a $350 public relations budget for the current year. You would like to generate publicity by publishing several ads in the local township newspaper about your store's sponsorship of community activities. The newspaper normally charges $100 per ad but will give you a 30% discount since your message is community service oriented. How many ads can you buy?
You can purchase five advertisements.
What is the calculation?For this case, the first thing we are going to do is define the following variable:
x = number of ads.
We then have the following mathematical expression that models the problem:
(100) * (1-0.3) * (x) = 375
Where,
100: Charges for each advertisement.
(1-0.3): 30% discount per ad
x: number of ads
375: Budget available.
Clearing x we have:
x = (375) / ((100) * (1-0.3))
x = 5.357142857
Nearest whole number:
x = 5
Answer:
You can buy:
x = 5 ads.
Hence, five ads can be bought.
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You are the security analyst at your organisation. You have invited new employees to hold a security-training week as part of the company employees training policy. Discuss the contents of your training.
As a security analyst, I understand the importance of keeping our company's information and assets secure. Therefore, I have invited new employees to hold a security-training week to educate our staff on best security practices. The following are the contents of the training:
1. Introduction to Cybersecurity: The first day of the training will be dedicated to introducing the concept of cybersecurity. We will discuss the types of threats that exist, how they can affect our company, and the importance of being vigilant.
2. Password Management: We will discuss the importance of having strong passwords and how to create them. We will also cover the use of password managers and two-factor authentication.
3. Phishing and Social Engineering: We will discuss how phishing attacks work and how to identify them. We will also talk about social engineering and how to avoid falling victim to it.
4. Email and Web Security: This session will cover how to identify and avoid malicious emails and websites. We will also discuss the importance of keeping software and browsers up to date.
5. Mobile Device Security: We will discuss the risks associated with using mobile devices, such as smartphones and tablets, for work purposes. We will cover how to secure these devices and the importance of using company-approved apps and software.
6. Data Protection and Privacy: We will discuss the importance of protecting sensitive data and how to handle it securely. We will also cover data privacy regulations such as GDPR and CCPA.
7. Incident Response: This session will cover what to do in the event of a security incident. We will discuss how to report incidents and the importance of following established procedures.
Overall, the security-training week will provide our employees with the knowledge and skills they need to keep our company's information and assets secure. By implementing best practices and being vigilant, we can prevent cyber threats and protect our business.
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A lawyer can argue a case in court for one hour and make $300. She could alternatively use that hour of time to type a legal brief in her office. What is the opportunity cost of her typing the legal brief?.
A lawyer can argue a case in court for one hour and make $300. She could alternatively use that hour of time to type a legal brief in her office. The opportunity cost of her typing the legal brief is $300, since that is the amount she could have made by arguing a case in a court.
What do you understand by opportunity cost?
Opportunity costs reflects the potential benefits that an individual, investor, or business might miss out on when choosing one alternative over another.
Because opportunity costs are unseen by definition, they can be easily overlooked. Understanding the potential missed opportunities when a business or individual chooses one investment over another allows for better decision making.
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what reflects the perceived quality of a company’s goods and services in the eyes of the public?
The company's reputation reflects the perceived quality of its goods and services.
A company's reputation will always show the perceived quality of its goods & services as well as prominence of the brand in the minds of the public.
A brand reputation is one of the most important intangible asset of a company because its gives rise to the tangible asset which means higher sales and increased profits.In conclusion, brand reputation was gained through customers trust & loyalty from the company's consistent service.
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Explain any four points to be
consired while conducting a business
Answer: See explanation
Explanation:
The things to consider while conducting a business include:
a. Business idea: The main thing to consider when conducting a business is to have a business idea. One has to come up with an idea there unique and would make he or she standout from others. The business idea should be able to solve the challenges that people face with regards to a certain issue.
b. Location: Another factor is location. When conducting a business, it is important to set it up in a location that can be easily accessible for the people. Also, a location close to the market and nearer to the raw materials used for the production process should be chosen.
c. Finance: Without the required funds, no business can be set up. Therefore, it's important for one to have the funds ready to start the business. This can be from personal savings, loans etc.
d. Competition: It is vital for one to know his or her competitors and how ones business can stand out from others.
What is total amount spent on wages and salary before any tax is being taken? [those ernings above £40000 are paying 40% income tax on income tax over £40000 and 20% on anything below £40000
Answer: hello your question is open ended hence I will give you a more general answer
answer : $12,000 * number of workers or $24,000 * number of workers
Explanation:
Income taxes are taxes been levied directly on the income earned by the tax payer.
According to Tax rules there is a certain amount of income an individual would have to earned before any tax will be taken, incomes below $12,000 are tax free ( for singles ) and $24,000 for married individuals ; Hence the Total amount spent on wages and salary before tax is being taken = $12,000 * number of workers or $24,000 * number of workers . ( unless otherwise stated )
The socially optimal quantity of pollution is:_________.
a. the amount of pollution society would choose if the marginal social cost of pollution were zero.
b. the amount of pollution society would choose if all costs and benefits were fully accounted for. zero.
c. the amount of pollution society would choose if the marginal social benefit of pollution were zero.
Based on standard practices, the socially optimal quantity of pollution is "the quantity whose marginal social cost equals the marginal social benefit."
What is the socially optimal quantity?The socially optimal quantity is the term used to describe output quantity that reveals equilibrium between the costs and benefits of social conditions.
Therefore when the quantity of pollution whose marginal social cost equals the marginal social benefit occurs, this is a socially optimal quantity of pollution.
Hence, in this case, it is concluded that the correct answer is the quantity whose marginal social cost equals the marginal social benefit.
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If demand increases and supply remains constant
Answer:
The product would sell for more
Asking a candidate during an interview to indicate how they have responded in the past to an irate customer is an example of which assessment method?
Asking a candidate during an interview to indicate how they have responded in the past to an irate customer is an example of a situational interview.
We regret to inform you that (organization) is not considering your application for this position. Your qualifications are excellent, but the selection process is very competitive and we have decided to hire candidates whose qualifications better suit our needs at this time.
Because structured interviews are more efficient than semi-structured and structured interviews in predicting job performance. Meta-analysis studies show that structured interviews are up to twice as effective at predicting job performance as situational interviews.
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give an example of a business operating in a monopolistic market in South Africa
Answer:
Diamond sales by De Beers's Central Selling Organisation (CSO) and SA Breweries' (SAB) production of beer.
Explanation:
That is one I honestly think.
:D HOPE THAT HELPS, GOODLUCK!
b) Manuel needs to order fruit and vegetables on a regular basis from his supplier. Consider the advantages and disadvantages of three methods of communication he could use to place orders with his supplier. Recommend the best method for him to use. Justify your answer
Explanation:
Manuel has several options for communicating with his supplier to place regular orders for fruits and vegetables. Three potential methods include phone calls, emails, and electronic ordering systems (e.g., a dedicated supplier platform, mobile app, or EDI). We will analyze the advantages and disadvantages of each of these methods and recommend the best option for Manuel.
1. Phone calls:
Advantages:
- Direct, real-time communication with the supplier allows for immediate clarification of issues or negotiations.
- Personal interaction may help strengthen the client-supplier relationship.
- Can be executed quickly in urgent or last-minute situations.
Disadvantages:
- No written record of the conversation, potentially leading to misunderstandings or information loss.
- Requires both parties to be available at the same time.
- Longer or more complex orders might be prone to mistakes, as there is no transcript to review.
2. Emails:
Advantages:
- Provides a written record of the order, clarifying expectations and minimizing miscommunication.
- Allows for asynchronous communication, with no need to coordinate schedules.
- Ability to attach documents or images, if necessary.
Disadvantages:
- May lack the personal touch found in phone calls.
- Time-sensitive requests may not receive an immediate response.
- Emails can be lost or delayed due to spam filters, server issues, or full inboxes.
3. Electronic ordering systems (supplier platform, mobile app, EDI):
Advantages:
- Streamlines the ordering process, with consistent formats and fields.
- Real-time updates on inventory, pricing, and delivery schedules.
- Can integrate with other systems such as accounting and inventory management.
- Reduces manual data entry and hence errors.
Disadvantages:
- May require initial investments in technology or training.
- Potential issues with data privacy or platform compatibility.
- If the system crashes or experiences technical issues, orders may be delayed or lost.
Recommendation:
Based on the analysis, the best method for Manuel would be an electronic ordering system. Although it may require some initial investment and training, it provides a streamlined, efficient approach to ordering, reducing the likelihood of errors and offering real-time updates. This method will also save time, as it eliminates the need for coordination and manual data entry. Integration with other systems further supports business operations and decision-making.
While emails may offer a written record of the order, electronic ordering systems provide this advantage without the risk of delays or lost messages. Phone calls, on the other hand, may allow for personal interaction but lack the consistency, documentation, and automation that electronic systems provide. Overall, an electronic ordering system is the most effective and reliable choice for placing regular orders with the supplier.
Which of the following is considered a purchase tax? a. income tax b. social security c. property tax d. excise tax please select the best answer from the choices provided a b c d
The purchase tax is paid by the consumer over a commodity. The excise tax has been considered as the purchase tax.
What are taxes?The taxes are the contribution to the state made to develop the contribution to the revenue. The Purchase tax has been the tax paid by the individual over the product buy.
The following tax is paid as:
Income tax: Over income Social security: Over the protection Property tax: Over the land ownedExcise tax: Over the purchaseThus, the excise tax has been the type of purchase tax. Thus, option D is correct.
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Answer:
D: Excise tax
Explanation:
EDGE: 2022
a friend wants to borrow money from you. he states that he will pay you $4900 every 6 months for 11 years with the first payment exactly 3 years and six months from today. the interest rate is 7.2 percent compounded semiannually. what is the value of the payments today?
To calculate the present value of an annuity, you can use the formula PV = PMT * [1 – [ (1 / 1+r)^n] / r], where PV is the present value of the annuity stream, PMT is the dollar amount of each payment, r is the discount or interest rate, and n is the number of periods in which payments will be made
Using this formula with your given values, we get that the present value of your friend’s payments today would be approximately $30,000
The term "annuity" refers to an insurance contract created and sold by financial institutions with the purpose of paying out invested money as a fixed income stream in the future. Through monthly premium payments or one-time lump sums, investors buy annuities.
For either the remainder of the annuitant's life or a predetermined period of time, the holding institution issues a stream of payments in the future. In order to reduce the danger of outliving one's resources, annuities are mostly utilised for retirement-related objectives.
The purpose of annuities is to allay people's concerns about outliving their assets during their retirement years by supplying a consistent cash flow.
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todd is giving a speech on the importance of investing. during his speech, he tells the audience that he has a degree in finance and has worked for a major brokerage for 10 years. what has todd done by sharing this information?
By sharing that he has a degree in finance and has worked for a major brokerage for 10 years, Todd has used an appeal to authority or ethos in his speech.
What is the importance of investing?Investing is a good way to put your funds to work and potentially increase your wealth. Smart investing may allow your money to outperform inflation and increase in value. The power of compounding and the danger tradeoff contribute to investing's higher growth potential.
Todd is establishing himself as a credible and knowledgeable source on the topic of investing, which can help to persuade the audience to trust his advice and recommendations. Sharing his credentials and experience can also enhance his credibility and establish him as an expert in the field, which can increase the audience's confidence in his message.
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a price-weighted index consists of firm a and firm b common stocks. the price of firm a common stocks increased from $100 to $120. the price of firm b common stocks decreased from $100 to $80. what is the return on this price-weighted index?
With the price of firm a common stocks increased from $100 to $120 and the price of firm b common stocks decreased from $100 to $80 , the return of price-weighted index is 0%.
A price-weighted index is calculated by adding up the prices of each stock in the index and dividing by the number of stocks. The return on the price-weighted index is determined by comparing the current index value to the previous index value.
Let's say the price-weighted index consists of two stocks, firm A and firm B. Initially, the prices of firm A and firm B are $100 and $100, respectively, and the index value is ($100 + $100) ÷ 2 = $100.
After the changes, the price of firm A increases to $120 and the price of firm B decreases to $80. The current index value would be ($120 + $80) ÷ 2 = $100.
To determine the return on the price-weighted index, we can calculate the percentage change in the index value:
(($100 - $100) ÷ $100) x 100 = 0%
In this case, the return on the price-weighted index is 0%, indicating that the index value has not changed. This is because the price increase of firm A was offset by the price decrease of firm B.
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A country repeals its minimum-wage law. what are the short-run and longrun effects of this action?
The short-run and long-run effects of repealing a minimum-wage law can vary depending on various factors and economic conditions.
Here are some potential effects to consider:
Short-run effects:
Decreased labor costs: Repealing the minimum-wage law would lead to lower labor costs for businesses. This could result in reduced expenses for firms, especially those that employ a significant number of low-wage workers.
Increased employment opportunities: Lower labor costs may encourage businesses to hire more workers, particularly in industries with high labor intensity.
Income inequality concerns: Repealing the minimum-wage law may raise concerns about income inequality.
Long-run effects:
Potential impact on productivity: Lower wages may lead to lower worker motivation and productivity in the long run.
Quality of jobs and labor market standards: The absence of a minimum-wage law could result in a greater prevalence of low-paying jobs with limited benefits or job security.
Social and economic implications: The long-term consequences of repealing the minimum-wage law can extend beyond the labor market. It may affect household incomes, consumer purchasing power, and overall economic inequality.
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when you are reading and come to an unknown word what should you do first? a.look for clues in the text b. skip it and keep reading c.look it up in a dictnoiry d.ask the teacher what it means. make sure to have an explanation
Answer:
I sound it out
Explanation:
and the word is conjunction
Gianna put $1,000 in a savings account for 18 months. The interest on the account is 3.5%.
How much will Gianna earn in interest? What amount will she have at the end of the time period?
Answer:
You will earn $52.96 in interest
You have $1,052.96 in total.
Calculate the store-and-forward delay at a single switch for a link rate of r = 622 mbps for l = 1,500 bytes, and for l = 50 bytes.
The store-and-forward delay at a single switch is 19.5 \(\mu\) sec.
We have the following information available from the question is:
A single switch for a link rate of r = 622 mbps for l = 1,500 bytes, and for l = 50 bytes.
We have to calculate the store-and-forward delay at a single switch.
Now, According to the question:
We have to use the formula for calculating the store-and-forward delay
store-and-forward delay = \(\frac{L.8+40}{R}\)
Plug the values in above formula:
L = 1500 bytes, the delay is:
store-and-forward delay = \(\frac{1500.8+40}{622(10^6)} sec\)
By solving, we get :
=> 19.5 \(\mu\) sec.
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Briefly explain two ethical values that are necessary for all accountants.
Objectivity and independence are important ethical values in the accounting profession. ... Accounting services include general accounting, auditing, tax and management advisory services. Accountants who perform more than one of these services for a client may compromise their objectivity and independence.
The variance of a series of numbers is the sum of the squares of their differences from the mean (average) of the numbers divided by the number of items in the series. Variance is a common measure of risk. What is the variance of these investment returns? 10, 30, 20
Answer: 66.67
Explanation:
Numbers given = 10, 30, 20
Mean = (10 + 30 + 20) / 3
= 60/3
= 20
Then, the differences from the mean will be:
= (10 - 20), (30 - 20), (20 - 20)
= -10, 10, 0
We then calculate the square of the mean which will be:
= 100, 100, 0
We then add the square of the mean which will be:
= 100 + 100 + 0
= 200
The variance will then be:
= 200/3
= 66.67
Answer: 66.7
Explanation:
does adrian loves marrinatte
YES HE DOES!
You can tell by the way he looks at her
Answer:
yes
Explanation: