ECON 2010 Lecture 46: Midterm Review part 1 -- Going Over the Test

Review three or four key principles that are important in understanding a Biblical view of business ethics. Give examples of how you have (or might in the future) apply these principles.

Think about the knowledge of GDP helps in understanding the growth pattern of any economy? The common people do not review GDP; how, as an economist, you will help educate people? please answer more than 350 words

To pass a test, you must correctly answer at least 10 of the 20 questions. You have studied enough so that you can correctly answer any one question with probability p. Assume that questions are drawn independently from a common pool, so that the probability of a correct answer is the same for every question, but answering one question correctly makes it no more or less likely that you answer another correctly.

a. Find the probability that you pass the exam if p = .5

b. Find the probability that you pass the exam if p = .6

c. Find the probability that you pass the exam if p = .7

Can you try to explain what you did or what method you used thanks!