10. -43 points For a certain river, suppose the drought length Y is the number of...
For a certain river, suppose the drought length Y is the number of consecutive time intervals in which the water supply remains below a critical value y0 (a deficit), preceded by and followed by periods in which the supply exceeds this critical value (a surplus). An article proposes a geometric distribution with p = 0.397 for this random variable. (Round your answers to three decimal places.) (a) What is the probability that a drought lasts exactly 3 intervals? At most...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...