Aresearcher wants to determine the average income of the people of omaha, nebraska. he found that there are 385,600 employed people in the state. a group of 1,200 people are selected randomly to ascertain the income of each of those individuals. he finds that the average income of those 1,000 numbers to be $42,827. identify the parameter in this context. a. 385,600 - 1,200 constitute the population b. 385,600 + 1,200 constitute the population c. 1,200 people selected for the study d. 385,600 employed people in omaha e. average income of $42,827

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cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

answer: b 56, 250

explanation:

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20