Now that you have had a chance to review the content covered so far, take a...

Now that you have had a chance to review the content covered so far, take a moment to reflect upon what you have learned and post in this discussion board below. Consider one or two of the following statements in your post: Provide a real life situation that pertains to the information in Chapter 4 and 5. Why would knowing whether a linear relation exists be important? Where would this apply? Provide an example. Would it be important to know if it was positive or negative? Why is probability important? Where could it be used? Where have you seen it used? Be ready to comment on your classmates' posts!

Expert Solution

Existence of linear relationship is important to us in many ways .

We can prediction the chances of occurrence of a particular event and that too very close if the relationship is linear. A linear relationship can be both positive and negative depending on the situation whether the commodities are complementing each other or they are alternate to one other.

Complementing commodities are positively linearly related and alternating commodities are negatively linearly related.

Some more examples in the below figure about complementary and alternate commodities.

orchestra answered 2 years ago

1. All of the economic thinkers that we have covered so far, including the mercantilists, the...

1. All of the economic thinkers that we have covered so far, including the mercantilists, the physiocrats, Adam Smith, Malthus, and Ricardo, have dealt with the topic of international trade as well as international trade policy. With the exception of Malthus, discuss the evolution of their ideas regarding those topics. You should mention their ideological leanings as well as the substance of their views. Do not forget to mention their policy recommendations.

Based on what you know about metabolism from the lectures you have had so far in...

Based on what you know about metabolism from the lectures you have had so far in this course, which two of the following would you expect to be the MOST LIKELY to have signs and symptoms that are nearly identical to each other? TPID (triose phosphate isomerase deficiency, an inability to make triose phosphate isomerase) Arsenate poisoning (arsenate can substitute for phosphate, but bonds between AsO43- and carbohydrates instantly hydrolyze whereas acyl phosphate bonds do not) Beriberi, a dietary deficiency...

Classify the types of financial institutions mentioned in the content of the course so far, as...

Classify the types of financial institutions mentioned in the content of the course so far, as either depository or nondepository. Explain the general difference between depository and nondepository institution sources of funds. It is often stated that all types of financial institutions have begun to offer services that were previously offered only by certain types. Consequently, many financial institutions are becoming more similar. Nevertheless, performance levels still differ significantly among types of financial institutions. Why?

Literacy subject write about any genre or any specific piece we have covered so far. Possible...

Literacy subject write about any genre or any specific piece we have covered so far. Possible topics are below. What about the sonnet form has drawn so many writers to it? What are the challenges with reading/writing pieces that utilize stream of consciousness? How is flash fiction different from a short story? In what ways do limericks play with language? What effect does writing in blank verse create, and how does the writer achieve that effect? Instructions: Your submission should...

Let’s take the same example but add a little more complexity. So far we have assumed...

Let’s take the same example but add a little more complexity. So far we have assumed there was no resale value for the work already completed. Assume that the company could sell the half developed project to another property firm for $60m. The $60m now becomes an opportunity cost, as it is money that could be received. As we have already discussed opportunity costs are relevant costs and so MUST be considered when making a decision.

Is it possible to take the idea of “the customer is always right” too far so...

Is it possible to take the idea of “the customer is always right” too far so that it becomes a negative on the company? Why or why not?

Now you have a chance to research into a new compound. Your job is to figure...

Now you have a chance to research into a new compound. Your job is to figure out its molar extinction coefficient. Here is experimental data: Concentration = 12.5 ug/ml Molecular weight = 250.0 g/ml Cuvette pathlength = 1cm Absorbance at 350nm = 0.55

Now that you have completed this course in Statistics, please describe a concept covered in the...

Now that you have completed this course in Statistics, please describe a concept covered in the course that you feel might be of assistance to you now or in the future. For example, using charts and graphs to graphically describe data at your job, or using one of the sampling methods discussed at the beginning of the course to generate sample data. Please be specific in explaining how you would use what you have learned in class to your benefit....

So far we far we have been discussing the advantages of HIT, but have not considered...

So far we far we have been discussing the advantages of HIT, but have not considered its disadvantages. Discuss at least three (3) of the disadvantages or challenges that can be encountered by adoption of the HIT, such as EHR (Electronic Health Record) or HIE (health Information Exchange).

Considering the calculations you have done so far, you need to attend to a number of...

Considering the calculations you have done so far, you need to attend to a number of import and export transactions for goods that companies in the United States expressed interest in. The first transaction is for the import of good quality wines from Australia, since a retail liquor trading chain customer in the United States, for who you have been doing imports over the past five years has a very large order this time. The producer in Australia informed you...

Question