When calculating the standard deviation, we divide by n-1 because the sample is drawn from a population and we are trying to determine how much the responses vary from the mean of the entire population
Indicate whether the statement is true or false
TRUE
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An economy has 100 households. The forty rich households each have incomes of $50,000 in period 1 and $75,000 in period 2. The sixty poor households each have incomes of $20,000 in period 1 and $25,000 in period 2. Assume that the price of the good is $1 in both periods. Also assume that the households borrow from each other. Suppose that each household decides that its consumption in period 1 will equal 50 percent of the present value of its income from both periods. The equilibrium real interest rate is about
A. 20 percent. B. 30 percent. C. 40 percent. D. 50 percent.
In the context of market segmentation, interests, opinions, and leisure pursuits of consumers are related to ________ segmentation
A) demographic B) psychographic C) usage behavior D) firmographic E) geographic
A competitive bid is the terms of sale offered by a supplier in response to the purchase specifications posted by a buyer.
Answer the following statement true (T) or false (F)
Due to regulatory capital requirements, there tends to be a concentration of preferred shares in the ________ industry
A) airline B) railroad C) power generation D) banking