The Following Table Shows the Results of a Survey of 410

question 33

Essay

The following table shows the results of a survey of 410 authors by a (fictitious) publishing company: $$\begin{array} { | l | l | l | l | } \hline & \begin{array} { l } \text { New } \\\text { Authors }\end{array} & \begin{array} { l } \text { Established } \\\text { Authors }\end{array} & \text { Total } \\\hline \text { Successful } & 40 & 50 & 90 \\\hline \text { Unsuccessful } & 130 & 190 & 320 \\\hline \text { Total } & 170 & 240 & 410 \\\hline\end{array}$$ ​
An author is chosen at random.
Compute the estimated probability of the event that the author is successful.

Assess the role of discrimination and demographic factors in influencing income distribution.

Examine the influence of educational attainment and skill level on wage differences.

Understand the primary focus and ethical considerations health-care professionals must adhere to on social media.

Identify the specific regulations and challenges faced by different fields, including health care and social care, in using social media.

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Definitions:

Invisible Assets

Non-physical resources that have economic value, such as brand reputation, intellectual property, or human capital.

Flexibility of Work

The degree to which a job allows for changes in work hours, location, and patterns to accommodate employees' needs and preferences.

Economic Approach

A method of analysis that focuses on the principles of supply and demand, cost-benefit analysis, and the rational behavior of individuals within the economy.

Profit

The financial gain obtained when the revenue from business activities exceeds the expenses, costs, and taxes associated with sustaining the activity.