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SUPPLY SIDE AND DEMAND SIDE: DIAMOND WATER PARADOX Economists like records and Karl Marx zeroed in on the inventory side of the financial aspects.

As they would like to think any great created, its worth is equivalent to the work content utilized in its creation. For instance, on the off chance that laborers are working 8 hours every day to deliver bikes, their time duplicated is the worth of that bike.

This is work content. Then again, financial experts like Adam smith zeroed in on the interesting side of the financial aspects.

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They face an oddity of precious stone and water. They observed that water and jewel are altogether different in esteem. Water is an incredibly utilized thing while jewels are very little utilized. The cost of precious stone.

$100 on the flip of the coin. You know that your likelihood of winning or losing is 50% on the grounds that the coin has a 50 percent chance of coming up either heads or tails.

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The chances proportion (OR) is the proportion of the likelihood of progression to the likelihood of disappointment. It tends to be equivalent to 1, under 1, or more prominent than 1.

Assuming it is equivalent to 1 we call it fair chances, in the event, that less, 1 troublesome chance, and in the event that more prominent 1, great chances.

CS205 MIDTERM PAST PAPER

A gamble nonpartisan individual is one who purchases a decent when OR > 1. He is aloof when OR = 1 and won’t buy when OR < 1. A gamble-disinclined individual won’t buy if OR < 1.

He will likewise not buy if OR = 1. He could likewise not choose to purchase if OR > 1. A gamble cherishing individual will purchase if OR > 1 or = 1, however, he could likewise purchase when OR is < 1.

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This type of abstraction seeks to apply techniques and principles that help us have A system that includes a stable communication mechanism between the different components of In systems, software architecture helps transform complexity into structures. The basic design components of the system.
Disassembly: To achieve the “divide and conquer” rule of external abstraction, the following generally applies: The system should be reduced to the minimum amount of information necessary to represent the system.
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Divide into one Divide the system into smaller components so that the components can be designed independently of each other It can be achieved. In the outside world, the components are reduced to these interfaces.
We don’t Design decisions usually transcend, so design the components that correspond to the execution steps Execution time. We analyze it to reduce the impact of one design decision on the rest.
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Soaking the system is as expensive as replacing it. rot It is suggested that you identify the component with all the information you need to use it. nothing else! You have to follow the “keep it simple” rules. The three different types of decomposition are discussed below.
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