Making Choices
Frankie has a strict weekly budget and has only enough
money this week to make one large purchase. Before he
saw the condition of his old basketball shoes, he was
planning to purchase a new winter coat that he saved for
over several weeks. Now, Frankie must choose if he is
going to purchase the new shoes and wear his older
winter coat, or vice versa.
In this scenario, Frankie must consider whether making
one choice will force him to give up another.
Based on what you have read, which economic
concept is Frankie faced with?
o needs vs. wants
O opportunity cost
O risk and return
goal setting
✓ Done

The sat and act tests use very different grading scales. the sat math scores follow a normal distribution with mean 518 and standard deviation of 118. the act math scores follow a normal distribution with mean 20.7 and standard deviation of 5. suppose regan scores a 754 on the math portion of the sat. how much would her sister veronica need to score on the math portion of the act to meet or beat regan's score?

Aprisoner is trapped in a cell containing three doors. the first door leads to a tunnel that returns him to his cell after two days of travel. the second leads to a tunnel that returns him to his cell after three days of travel. the third door leads immediately to freedom. (a) assuming that the prisoner will always select doors 1, 2 and 3 with probabili- ties 0.5,0.3,0.2 (respectively), what is the expected number of days until he reaches freedom? (b) assuming that the prisoner is always equally likely to choose among those doors that he has not used, what is the expected number of days until he reaches freedom? (in this version, if the prisoner initially tries door 1, for example, then when he returns to the cell, he will now select only from doors 2 and 3.) (c) for parts (a) and (b), find the variance of the number of days until the prisoner reaches freedom. hint for part (b): define ni to be the number of additional days the prisoner spends after initially choosing door i and returning to his cell.

L2.8.2 test (cst): triangles in the figure, pq is parallel to rs. the length of rp is 5 cm; the length of pt is 30 cm; the length of q7 is 60 cm. what is the length of so? o a. 20 cm 0 0 o b. 6 cm o c. 10 cm od. 2 cm 0 previous