Ow many ways can the horses come in first second or third

Reference no: EM13235899

The following 4 questions are based on the following information:
You and your friends have decided to go to The Kentucky Derby. There are 12 horses in the race. How many ways can the horses come in first, second, or third?

Q1: Is this an example of a combination or a permutation?
Q2: What is N?
Q3: What is r?
Q4: What is the calculated value for this example?
The following 4 questions (Q5 to Q8) are based on the following information:
You have 16 friends that you want to invite to dinner. However, you dining room table
only seats 6 people. Since, you will take up one seat, you can only have five friends at one time.
How many different groups of guests can you have?
Steps for Calculation:
Q5: Is this an example of a combination or a permutation?
Q6: What is N?
Q7: What is r?
Q8: What is the calculated value for this example?
The following 2 questions (Q9 to Q10) are either "True" or "False"
Q9: With a combination 'order matters'.
Q10: 5! is equal to 120.
Q11: Which one of the following is NOT one of the major uses of the CPI?
A. The CPI is used to evaluate and determine economic policy.
B. The CPI is used to compare prices in different years.
C. The CPI is used to determine salary and price adjustments.
D. All of the above three answers are major uses of the CPI.Q12: Using the 1989 base as a base, the price index for computers is now 125. What does this
index number mean?
A. price of computers has decreased 25% since 1989
B. price of computers has increased 25% since 1989
C. price of computers has increased 125% since 1989
D. none of the above three answers are correct
Q13: A _____________ economic indicator is one whose changes lag behind or follow changes in the economy.
A. Lagging
B. Coincidence
C. Leading
Q14: Some criticisms of the CPI include all of the following except:
A. the market basket used in the CPI may not reflect current spending priorities
B. the CPI does not adjust for changes in quality
C. the CPI takes advantage of sale prices
D. the CPI does not measure prices for rural Americans
The following 2 questions (Q15 to Q16) are based on the following information:
The CPI's at the start of each decade from 1940 to 1990 were:
Year 1940 1950 1960 1970 1980 1990
CPI 14.0 24.1 29.6 38.8 82.4 130.7
Q15: What was the rate of inflation for the 1950's, as measured by the percentage change in the CPI?
Q16: What was the rate of inflation for the 1970's, as measured by the percentage change in the CPI?
Q17: Name the major category added for the market basket of goods and services in 1998?
Q18: Tuition at University Z was $1200 per quarter in 1985 (CPI = 107.6). How much shouldtuition be in 2001 adjusted for inflation (CPI = 175.1)? The following 2 questions (Q19 to Q20) are either "True" or "False"

Q19: 'Child care' is one of the eight major categories of goods and services in the market basket.
Q20: The current 'base period' that we are on is 1982-1984.

Reference no: EM13235899

Questions Cloud

State cyclopentanone and the aldehyde used was benzaldehyde : The ketone used was cyclopentanone and the aldehyde used was benzaldehyde. First cyclopentanone was dissolved in 95% ethanol. Then benzaldehyde was added along with NaOH to the mixure. The solution was then mixed creating the aldol condensation pr..

What does gunder frank provide as evidence of a sino-centric : What does Gunder Frank provide as evidence of a Sino-centric world between 1500 and 1800 What was meant be the Columbian Exchange and how did this contribute to the Rise of the West

Find the final temperature of the water : Suppose 0.0450kg of steam (at 100.°C) is added to 0.450kg of water (initially at 20.5°C), Find the final temperature of the water after equilibrium is reached

Describe the best course of actions for head of operations : Draw a decision tree and describe the best course of actions for the head of operations.

Ow many ways can the horses come in first second or third : You and your friends have decided to go to The Kentucky Derby. There are 12 horses in the race. How many ways can the horses come in first, second, or third?

How are organizational information systerms related : How are organizational information systerms related to company stragegy? How does strategy affect the information systems a company develops and uses?

Compute the initial equilibrium after only supply changes : Suppose that the demand function for apartments in a competitive market is initially D(p)=40-2p and there are 10 apartments. However, after observing how profitable it is to rent apartments, owners construct more houses

Analyze key differences between behaviorist and cognitive : Analyze key differences between the Behaviorist and Cognitive models of learning. Focus on where control of learning occurs in each approach.

Project management software tool against an open source tool : You need to select a tool for project planning and scheduling from various tools available in the market. What factors would you consider in selecting the most appropriate software tool for your company?

User Account

All Pages