Use Mathematical Models
-It Is Estimated That $y$ , the Number of Items of a Particular Commodity (In

question 372

Multiple Choice

Use Mathematical Models
-It is estimated that $y$ , the number of items of a particular commodity (in millions) sold in the United States in year $x$ , where $x$ represents the number of years since 1990 , is given by the formula $y = 1.3 x + 3.07$ . That is, $x = 0$ represents $1990 , x = 1$ represents 1991 , and so on. According to the formula, how many items sold in 1995?

• A) \(9.57\) millions
• B) \(3.07\) millions
• C) \(21.85\) millions
• D) \(10.87\) millions

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Definitions:

Moral Hazard

Moral hazard occurs when one party to an agreement engages in risky behavior or fails to exercise responsible care because this party knows another bears the consequences.

Tenure

The duration or period of time a person holds a particular position, job, or place of living.

Accomplished Teachers

Educators who have achieved a high level of expertise and excellence in their teaching practices.

Moral Hazard

A situation in economics where one party is more likely to take risks because the costs that could result will not be borne by the party taking the risk.