This is an example of variation. The
coefficient of variation, also referred to as the Spearman coefficient of
variation, is a statistical measure that informs us about the relative dispersion
of a data set. Its calculation is obtained by dividing the standard deviation<span> between
the absolute value of the average of the set and it is usually expressed as a
percentage for its better understanding.</span>
<span>When economists attempt to predict the spending patterns of U.S. households, they will typically view the DAILY COST OF LIVING as a primary determining factor that influences the individual consumption choices that each will make.
An economist can predict the spending power of the masses if he/she knows how much energy and monetary value is being spent on a daily basis. This way he/she will know the consumption choices that these consumers are making for themselves.</span>
Answer:
b.both parties are made better off.
Explanation:
People voluntary to trade when they will better off after the trade. Since individual or nation has different proficiency and endowment resources, the ability to produce some product will be different for each country.
For example, German people are skillful of making beer. They have efficient production. Whereas France have expertise in making perfume. It is reasonable for German people to buy perfume from France since it is cheaper and has better quality than making it themselves. On the other hand, if french want to drink beer, it is cheaper to buy from Germany. Thus, both Germany and France will be better of after the trade.
Clear, accurate writing is a way for you to show Professionalism
Answer:
d. Estimate activity durations
Explanation:
Based on the scenario being described within the question it can be said that this is done during the management process known as Estimate activity duration. Like mentioned in the question this is the process of generating an estimate of the number of work time needed to complete specific individual activities with a given number of available resources.