Answer:
For a price floor to be effective, the minimum price has to be higher than the equilibrium price. ... The most common example of a price floor is the minimum wage. This is the minimum price that employers can pay workers for their labor. The opposite of a price floor is a price ceiling.
Explanation:
A price floor or a minimum price is a regulatory tool used by the government. More specifically, it is defined as an intervention to raise market prices if the government feels the price is too low. In this case, since the new price is higher, the producers benefit. For a price floor to be effective, the minimum price has to be higher than the equilibrium price.
For example, many governments intervene by establishing price floors to ensure that farmers make enough money by guaranteeing a minimum price that their goods can be sold for. The most common example of a price floor is the minimum wage. This is the minimum price that employers can pay workers for their labor.
Know that Emile Durkheim, Max Weber, and Karl Marx are considered the three great classical sociologists. Know that each of these three early theorists was alive in the 1800s and preoccupied with studying and explaining the enormous social changes going on Western Europe as a result of the Industrial Revolution that began in the mid-eighteenth century. This long process of change that society was undergoing is known as modernization?
Answer: Emile Durkheim, Max Weber, and Karl Marx had different theories about Modernization.
Explanation: Modernization is the process began with the Enlightenment and the industrial Revolution. Modernization involved various aspects of people moving from the countryside to cities, working in factories rather than on farms, and capitalists owning the means of production. These sociologists examined the changes to society using terms such as: commodification, social cohesion, differentiation, stratification, and rationality to explain the effects on people's lives and how they interacted with one another and made a living.
Find the volume, in cubic inches, of the composite solid below, which consists of a 4 -inch square solid rectangular bar that is 16 inches in length. The bar has a 2 -inch diameter cylinder hole cut out of the center of the bar from the top of the bar through the entire length of the bar. Use 3.14 to find the volume. Enter only the number.
Answer:
10 in³
Explanation:
given:
square box = 4 in², length = 16 in
bar diameter = 2 in, length = 16 in
box volume (in solid) = 4 in² * 16 in = 64 in³
bar volume = pi * d² / 4 = 3.14 * 2² / 4 * 16 in = 50.24 in³
Volume of slotted box = 64 - 50 = 10 in³
A computer can be classified as either cutting-edge or ancient. Suppose that 98% of computers are classified as ancient. Two computers are choosen at random. What is the probability that both computets are ancient?
Answer:
The probability of picking two ancient computers is 96.04% .
c. What is the probability that the child will have red hair color?
0. LIOC PODIVIU VALOITUS.
O A. red / red, red / blond, and blond / blond
OB. red/blond and blond/red
C. red / red, red / blond, blond/red, and blond / blond
OD. red/ red and blond / blond
5. The probability that a child of these parents will have the blond / blond genotype is
Round to two decimal places as needed.)
Answer:
The probability that the child will have red hair color is 0.75.
Thus, the probability that a child of these parents will have the blond / blond genotype is 0.25.
Explanation:
It is provided that each parent has the genotype red / blond which consists of the pair of alleles that determine hair color, and each parent contributes one of those alleles to a child.
The possible outcomes for the hair color of the child are:
S = {R/R, R B, B/R and B/B}
There are four possible outcomes.
Compute the probability that the child will have red hair color as follows:
[tex]P(\text{R})=P(\text{R/R})+P(\text{R/B})+P(\text{B/R})[/tex]
[tex]=\frac{1}{4}+\frac{1}{4}+\frac{1}{4}\\\\=\frac{3}{4}\\\\=0.75[/tex]
Thus, the probability that the child will have red hair color is 0.75.
Compute the probability that a child of these parents will have the blond / blond genotype as follows:
[tex]P(\text{B/B})=\frac{1}{4}=0.25[/tex]
Thus, the probability that a child of these parents will have the blond / blond genotype is 0.25.
Answer:
The probability that the child will have red hair color is 0.75.
Thus, the probability that a child of these parents will have the blond / blond genotype is 0.25.
Explanation:
It is provided that each parent has the genotype red / blond which consists of the pair of alleles that determine hair color, and each parent contributes one of those alleles to a child.
The possible outcomes for the hair color of the child are:
S = {R/R, R B, B/R and B/B}
There are four possible outcomes.
Compute the probability that the child will have red hair color as follows:
Thus, the probability that the child will have red hair color is 0.75.
Compute the probability that a child of these parents will have the blond / blond genotype as follows:
Thus, the probability that a child of these parents will have the blond / blond genotype is 0.25.
Suppose that 80% of books are classified as fiction. Two books are chosen at random. What is the probability that both books ara fiction?
Answer:
64% or 16/25
Explanation:
To calculate probability, we first find the fraction for the number of books that are fiction.
[tex]80= \frac{4}{5}[/tex]
To find out what the probability of choosing a fiction book twice, we multiply 4/5 with 4/5 to get our probability if we selected a book twice.
[tex]\frac{4}{5} *\frac{4}{5} = \frac{16}{25} \\0.64[/tex]
The probability of choosing two fiction books is a 16/25, or 64% chance.