I. An economist would like to explain the connection between college education a
ID: 3047232 • Letter: I
Question
I. An economist would like to explain the connection between college education and consump- tion of individuals in a free-market economy. He currently has the following hypothesis: "I an individual is college educated, they experience an increased level of consumption." The ist argues that past research has shown that college educated individuals experience a larger income than those that do not have a college education. In addition, another research project has shown that an individual of whom has a higher level of income has a tendency to consume more. His argument is formally posed as follows: College EducationHigh Income High Income = > High Consumption College Education High Consum!ption This type of logie used is referred to as A Inductive Logie B Deductive Logic C Abductive Logic D Fuzzy Logic 2. A financial investor monitors her investments on a daily basis. When she first invested in a particular stock she anticipated the total value of her portfolio to increase by 4% within 30 days. She checks her portfolio on the 30th day and finds that it only had increased by 1%. This type of event would be referred to as a(n) A Opportunity-Based Problem B Weakness-Based Problem C Serious Headache D Theoretical Problem 3. A logistics manager asks for an analytical researcher to design a project that will inform the manager of the best type of routes to send his trucks on. After careful analsysis, the researcher proposes "the best possible decision in regards to cost. The solution, however, is quite complicated, in that it involves the trucks to travel well over 100 different roads to reach the planned destination. The manager believes that taking a highway directly to the destination is the "best possible" route since it only involves a single road, yet may result in higher costs than what the analyst proposes. The manager's approach to solving the problenm of identifying the best possible route is often referred to as A A simplifying approach. B A meta-heuristic C Occam's Razor D The easy solution approach.Explanation / Answer
2. Weakness based problem, reason being it is not opportunistic as returns are lower than expectations.
Not a headache as it is not giving negative returns
and not a theoratical problem.
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