Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Help in solving the questions in the attachments below. Follow the requirements for each question and explain your answers. The input-output ratio coefficients for a

Help in solving the questions in the attachments below. Follow the requirements for each question and explain your answers.

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed
The input-output ratio coefficients for a three sector economy are given as: 212 2131 10.2 0.3 0.21 a22 a23 = 0.4 0.1 0.2 while the final demand matrix is given as: A =321 a73 232 233 0.1 0.3 0.2 10 D = 5 Determine the total output required in each of the three sectors to meet the inter- industry input requirements and the final demand.A travel agent claims that the daily amount of sun shine in a given holiday during the peak season is 7 hrs. The holiday makes who booked the holiday found that 30 day holiday gave an average of 5.9 hrs of sunshine a day and a standard deviation of 1.8 hrs. If the daily amount of sunshine is normally distributed, do you think that the holiday maker has reason to believe that the agent has been misleading? Use

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Commercial Fishing On The Outer Banks

Authors: R Wayne Gray, Nancy Beach Gray

1st Edition

1439667055, 9781439667057

More Books

Students also viewed these Economics questions

Question

2. Always guess when you can eliminate some of the alternatives.

Answered: 1 week ago

Question

What is the formula used for computing BIC?

Answered: 1 week ago

Question

When should you avoid using exhaust brake select all that apply

Answered: 1 week ago

Question

1. Too understand personal motivation.

Answered: 1 week ago