Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The U.S. government made a large push to encourage domestic oil and natural gas production after the 1973 Oil Crisis, which caused gasoline shortages all

image text in transcribed
image text in transcribed
The U.S. government made a large push to encourage domestic oil and natural gas production after the 1973 Oil Crisis, which caused gasoline shortages all across the nation. We realized that importing most of our petroleum made us vulnerable to those producing nations and their allies. This posed an extreme risk to the U.S., which eventually culminated in the oil crisis, and still persists in a smaller capacity to this day. This kind of risk is called a political risk, since it's caused by disagreements or events among nations/governments, not caused by nature, markets, or normal business factors. Describe two political risks that exist for a business or industry today. A normal distribution can be fitted for almost any dataset, which makes it very useful for analyzing large sets of measurements quickly and easily. With a pdf or histogram of the data, you can visually point out much about the data without even seeing the numbers. You can determine if the data is centralized or spread out, skewed or symmetrical, and more. Given what you know about income inequality in the U.S., draw and label what you think a distribution would look like for everyone living in the country measured by wealth. Next, do the same for the heights of NBA players. Lastly, draw what you think the distribution would look like for birthdays across all of the students in this class. When labeling, either use your best guess or pull data from the internet to help make your graphs more accurate

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

Accounting Text And Cases

Authors: Robert Anthony, James S. Reece, Kenn Merchant, David Hawkins

11th International Edition

0071232265, 978-0071232265

More Books

Students also viewed these Accounting questions