The error in the sentence lies in the use of the word "elder." "Elder" is typically used when comparing the ages of people within the same family. However, when making a general comparison of age, the word "older" is more appropriate. Therefore, the correction involves replacing "elder" with "older" in the sentence to convey the intended meaning accurately.
If following is a payoff (profit) matrix for Firm A and B. What should be strategy for Firm A. first number is for Firm A and second is for Firm B.
Calculate Disposable income:
Consumption (C) = 300
Investment (I) = 50
Government purchases (G) = 70
Government transfer pay...
Suppose there is a pond with fishes and “n” number of fishermen living around it. Let a i is time spent fishing per day by player i. Thus to...
Suppose the regression specification y(hat) = a + βx + l z + ε was estimated as y = 5 + 6x + 7z. We have a new observation for which x = 5 and z = ...
For two correlated variables x and y, if coefficient of correlation between x and y is 0.8014, variance of x and y are 16 and 25 respectively....
Hedonic pricing is a method used for environmental valuation that:
The minimum rate at which the central bank re-discounts bills held by commercial banks is called:
Suppose the following bilateral spot exchange rates are being quoted for the Danish krone (DKK), the US dollar (US$) and the euro (€):
US$/&...
The profit-maximizing monopolist will choose the price and quantity represented by point
Given two lines of regression x+3y=11 and 2x+y=7. Find the coefficient of correlation between x and y.
