What is Elasticity? - Elasticity refers to the degree of responsiveness in supply or demand in relation to changes in price. If a curve is more elastic‚ then small changes in price will cause large changes in quantity consumed. If a curve is less elastic‚ then it will take large changes in price to effect a change in quantity consumed. Graphically‚ elasticity can be represented by the appearance of the supply or demand curve. A more elastic curve will be horizontal‚ and a less elastic curve will
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Reflection statement. Creating my Vlog was a difficult however rewarding task due to the technological processes involved. I under took many steps to create my Vlog such as learning how to use editing programs and various other software on my computer as well as creating a Youtube account. I found the task of editing quite problematic at first but as I explored the program and went online to research how to use the software I guided my self in the right direction. After going online I quickly
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Self Assessment Doing Business for Humanity This is a guide to what I expected in an answer and the length. If I ask for 2 examples don’t waste time giving more. __________________________________________________________________________________ Q1. Give 2 examples of institutions used to distribute multi lateral aid The World Bank‚ IMF etc Q2. Briefly state what comparing actual amounts of a nation’s Aid giving from per capita amounts reveals. The absolute amount given by the US for example
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Expectations‚ Variances & Covariances The Rules of Summation n å xi ¼ x1 þ x2 þ Á Á Á þ xn covðX; YÞ ¼ E½ðXÀE½XÞðYÀE½YÞ i¼1 n ¼ å å ½x À EðXÞ½ y À EðYÞ f ðx; yÞ å a ¼ na x y i¼1 n covðX;YÞ r ¼ pffiffiffiffiffiffiffiffiffiffiffiffiffiffiffiffiffiffiffiffiffiffiffiffiffiffi varðXÞvarðYÞ n å axi ¼ a å xi i¼1 n i¼1 n n i¼1 i¼1 E(c1X þ c2Y ) ¼ c1E(X ) þ c2E(Y ) E(X þ Y ) ¼ E(X ) þ E(Y ) å ðxi þ yi Þ ¼ å xi þ å yi i¼1 n n n i¼1 i¼1 å ðaxi þ byi Þ ¼ a å xi þ b å yi i¼1 n var(aX þ bY þ cZ ) ¼ a2var(X) þ b2var(Y ) þ c2var(Z
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MAXXUM® SERIES TRACTORS 100 - 140 RATED HP Every single day‚ you demand more. More from the land. More from yourself More from your equipment. . Which is why we also demand more. More powerful engines. More productivityboosting features. More approachable and knowledgeable Case IH experts. And we do all this to better serve you and the needs of your operation. Powerful ‚ versatile and economical ‚ the Maxxum tractor is a multi-purpose workhorse that offers you more. More flexibility
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mk This page intentionally left blank Actuarial Mathematics for Life Contingent Risks How can actuaries best equip themselves for the products and risk structures of the future? In this new textbook‚ three leaders in actuarial science give a modern perspective on life contingencies. The book begins traditionally‚ covering actuarial models and theory‚ and emphasizing practical applications using computational techniques. The authors then develop a more contemporary outlook‚ introducing multiple
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Notes Intention – SOCIAL OR DOMESTIC- do not intend to create legal relations. Balfour v Balfour (1912) Categories of rebuttal – The nature of the document (if drafted by solicitor) - Agreement may expressly state legal relations - Surrounding Circumstance may indicate intention Merritt v Merritt (1970) -Significant reliance on promise- consequences are sufficiently serious. Wakeling v Ripley (1951) - COMMERCIAL NATURE- do intend to create legal relations. Edwards v Skyways (1964)
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Chapter 3 Standard units tell you how many standard deviations above or below average a data value is standard units = (actual value – average)/SD actual value = average + (SD x standard units). Standard units are denoted by Z. Chapter 8 Complement rule: P(A) = 1 – P(A doesn ’t happen) Multiplication rule: P(A and B both happen) = P(A) x P(B given A happened) Q. 5 random components removed one at a time from box containing 5 defective and twenty working. What is chance of selecting all defective:
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What proportion of a normal distribution is located in the tail beyond z = +2.00? 0.0228 What proportion of a normal distribution is located between the mean and z = 1.40? 0.4192 The Z-score corresponding to the 52nd percentile is .05 A normally distributed variable has a mean of 10 and a standard deviation of 2. The probability that a value between 7 and 9 is obtained is .2417 An accelerated life test on a large number of type-D alkaline batteries revealed that the mean life for a particular use
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A subordinating conjunction is a joining word that connects two clauses. (A clause is a word group containing a subject and a verb.) How are subordinating conjunctions different from other conjunctions? Other conjunctions join words‚ phrases or clauses of equal value. (Because‚ who‚ when‚ after‚ although‚ as‚ as if‚ as long as‚ before‚ even if/ though‚ if‚ if only‚ In order that‚ now that‚ once‚ provided‚ rather than‚ since‚ so that‚ than‚ though‚ that‚ till‚ unless‚ until‚ when‚ whenever‚ where
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