Consider the following variable: Student IQ ratings (Assume that the range is 69-130). Classify the variable as either Discrete or Continuous, qualitative or quantitative. Also, classify its scale as nominal, ordinal, interval or ratio.
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Consider the following variable: Student IQ ratings (Assume that the range is 69-130). Classify the variable as either Discrete or Continuous, qualitative or quantitative. Also, classify its scale as nominal, ordinal, interval or ratio.
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BarbraApril 10, 2023 в 00:18
a) The total payment (income) to factors of Better-bald Inc. is $3,000. This includes the wages of $300, interest payments of $100, rent of $450 and profits of $750.
b) The total payment (income) to factors of Sweeter Sweaters Inc. is $1,900. This includes the wages of $550, interest payments of $50, rent of $500 and profits of $800.
c) The GDP for this economy is the sum of the final goods and services produced, which is the value of the output of all three companies. In this case, the GDP is $6,950, calculated by adding the value of sheep feed sold to Better-bald Inc. ($2,200), the value of wool sold to Sweeter Sweaters Inc. ($3,800), and the sum of all the payments made to factors of production (Better-bald Inc.: $3,000, Sweeter Sweaters Inc.: $1,900, Sheepnip Co.: $1,200).
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