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Find the standard divisor for the given situation. Round your answer to two decimals.
-The faculty senate of a university has 60 senators to be apportioned among its four colleges based On the number of faculty in each college. The colleges are Liberal Arts (L) , Sciences (S) , Business (B) , and Engineering (E) . The number of faculty in each college is shown in the following table.
Find the modified quota for the College of Engineering using the divisor 27.
Opportunity Cost
The financial impact of bypassing the subsequent top alternative during decision-making.
Trade
The exchange of goods or services between parties.
Adam Smith
An 18th-century Scottish economist and philosopher, often considered the father of modern economics, known for his theories on free markets.
1776
The year marked by the Declaration of Independence of the United States, symbolizing a significant historical event rather than an economic term.
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