I will use the "8-Step process to critical thinking" in my personal and professional life in many ways.
What is the "8-Step process to critical thinking"?The "8-Step process to critical thinking" includes the following categories:
ReflectionAnalysisInformation AcquisitionCreativityStructuring argumentsDecision makingCommitmentDebate.The 8-step process involves a process of identifying, observing, describing, questioning, researching, establishing, responding, and sharing knowledge to achieve life improvements.
In my personal and professional life, I need to seek knowledge, information, and understanding to enhance the application of concepts and innovations to living and work.
After acquiring the required information, I will carry out a critical analysis and synthesis before taking action. Results obtained from my actions must be reflected upon to provide guidance for future activities.
Thus, the "8-Step process to critical thinking" will remain useful in my personal and professional life.
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Suppose that a lifetime utility function is given by the equation
U
=
c
1
0.75
c
2
0.25
Match the combinations of
(
c
1
,
c
2
)
on the left-hand side with combination on the right-hand side that produce (approximately) the same level of utility.
Group of answer choices
(100, 50)
(80, 80)
(50, 300)
(110, 45)
based on the lifetime utility function and the combinations given, the correct match for the combinations with the same level of utility is:
(100, 50) = (79.37, 100)(80, 80) = (90, 56.19)(50,300) = (120, 21.7)(110, 45) = (53.1, 400)which functions give the same utility?first, find the utilities on the left side:
U(100, 50) = (100 ⁰.⁷⁵ x 50⁰.²⁵) = 84.09
U(80, 80) = (80 ⁰.⁷⁵ x 80⁰.²⁵) = 80
U(50, 300) = (50 ⁰.⁷⁵ x 300⁰.²⁵) = 78.25
U(110, 45) = (110 ⁰.⁷⁵ x 45⁰.²⁵) = 87.97
the utilities on the right:
U(79.37, 100) = (79.37 ⁰.⁷⁵ x 100⁰.²⁵) = 84.09
U(90, 56.19) = (90⁰.⁷⁵ x 56.19⁰.²⁵) = 80
U(120, 21.7) = (120 ⁰.⁷⁵ x 21.7⁰.²⁵) = 78.25
U(53.1, 400) = (53.1 ⁰.⁷⁵ x 400⁰.²⁵) = 87.97
the correct matching would be:
(100, 50) = (79.37, 100)(80, 80) = (90, 56.19)(50,300) = (120, 21.7)(110, 45) = (53.1, 400)find out more on utility functions at https://brainly.com/question/21326461.
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Roberto and Kayleigh are neighbors living in Clermont County, Ohio. Roberto builds a fence on what he believes is the boundary of his property yet failed to have the property surveyed first. Kayleigh believes the fence is on her property, and subsequently sues Roberto, asking the court to require him to remove the fence. An earlier Ohio case held that in all boundary disputes, no fence may be built until a property survey occurs or the fence is subject to removal. The judge in Roberto and Kayleigh's case orders that the fence be removed because a survey was not done. In this case, the prior case upon which the judge relies is a.
stare decisis.
b.
precedent.
c.
unethical.
d.
common law.
Option B. The prior case upon which the judge relies is a precedent.
What is a precedent in law?This is the term that is used to refer to the use of a case that has been judged before to settle another issue.
The precedent is set because a similar case was handled in a previous legal situation.
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In Roberto and Kayleigh's case, the judge who orders that the fence be removed because of no survey, relies on b. precedent.
What is a precedent?A precedent is an earlier law or court decision.
A precedent provides some example or guiding rule when deciding a case.
The purposes of relying on precedents are to avoid time wastage and to use the previous case as an authority for subsequent cases involving identical or similar facts or legal issues.
Precedent is an established rule under the doctrine of stare decisis.
Thus, in this case, the prior case upon which the judge relies is b. precedent.
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3. Blackwell bonds have a face value of GHS 1,000 and are currently quoted at 98.4. The bonds have a 5 percent coupon rate. What is the current yield on these bonds?
The current yield on these bonds is 5.08%.
current Yield = annual Coupon / current Price
Annual coupon = 50
current price = 984
Current yield = 50/984 = 0.0508 i.e. 5.08% current yield.
The current yield of a bond is calculated by using dividing the annual coupon price by the bond's contemporary marketplace price.
A bond's yield to maturity (YTM) is the annualized interest charge that discounts the bond's coupon and faces price payoffs to the marketplace charge. that is, it is the hobby charge that the bondholder receives on the bond.
Current yield. a bond's annual coupon divided via its market price. current yield= annual coupon / bond price. yield to maturity (YTM) is the discount fee that equates a bond's fee with the prevailing value of its destiny cash flows.
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Assume that you and your classmates are board members of a child care and education center for 60 preschool children located in a community center building. They had asked you to set up the program four years ago. Now the community center director feels he needs your space for additional adult activities during the day. You need to move out of the building in 30 days. What will you do? Consider all the options, and then make a plan.
The best plan for you would be to write to the education board regarding the issues that you are facing.
What are the functions of the local education board?The education board in a local area can help to do the following
Employ a school superintendentdevelop school policiesDevelop curriculumTake care of all issues that have to do with facilities.Hence the best thing would be to let them know of the issues you are facing in order to determine the best help necessary.
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In the economy of Wrexington in 2008, consumption was 60% of GDP, government purchases were $212, imports were $67 and 67% of the value of exports, investment was one-half of the value of consumption. What was Wrexington’s GDP in 2008?
Based on the consumption, investment, imports and exports, the GDP for Wrexington in 2008 was $2,450
How much GDP did Wrexington have?The exports were:
= 67 / 0.67
= $100
The GDP is x:
GDP = Consumption + Government spending + Investment + Net exports
x = 0.6x + 212 + (0.6 x 0.5 × x) + (100 - 67)
x = 0.9x + 245
0.1x = 245
x = $2,450
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The least-squares regression line for predicting the ribeye price from the corn price is y = 4.8188 + 1.3103x
Predict the ribeye price in a month when the corn price was $6.63 per bushel
$13.51 per lb
$14.37 per lb
$8.69 per lb
$12.83 per lb
The price of ribeye is option A. $13.51 per lb using Least Squares Regression
The Least Squares Regression Line is the line that minimizes the sum of the residuals squared. The residual is the vertical distance among the discovered factor and the anticipated factor, and it is calculated with the aid of subtracting.
The regression line is every so often known as the "line of fine fit" due to the fact it's miles the road that suits first-rate while drawn through the points. it is a line that minimizes the gap of the actual rankings from the anticipated rankings.
Ordinary least squares regression is a manner to find the line of satisfactory fit for a fixed of information. It does this by creating a model that minimizes the sum of the squared vertical distances (residuals). The distances are squared to keep away from the problem of distances with a poor signal.
The corn price (x)= $ 6.63
Commodity (ribeye price) = 4.8188 + 1.3103x
= 4.8188 + 1.3103( 6.63)
= 4.8188 +8.687289
= $ 13.506089
= $13.51
Hence the price of ribeye is option A. $13.51 per lb.
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