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The time needed to complete an exam is normally distributed with (M,O^2)
a. If 2.28% of the class can expect to complete the exam within an hour or less, and if 6.68% of the class need more than an hour and 35 minutes to complete the same exam, then what is the average time needed to complete this exam? What is the standard deviation? b. What is the probability that a student will need more than one hour, but less than 1.25 hours to complete this exam? c. Assume that the exam’s time allocation is 1.5 hours.
A business employing 8 workers to produce commemorative t-shirts for campus events organizations.
What is the best way to use static supply and demand theory to analyze a dynamic world which is constantly changing?
Can you think of a product that is a large part of your budget where the price elasticity of demand is very low? Why is it so low? In estimating demand functions, what is the most important thing to remember? Why?
Discuss the potential conflicts that might occur between that of IT and Operations Management. How might such issues be addressed and resolved.
Analyze the major barriers for entry and exit into the airline industry. Explain how each barrier can foster either monopoly or oligopoly. What barriers, if any, do you feel give rise to monopoly that will allow the government to become involved to p..
The model of the steady-state rate of unemployment assumes that the size of the labor force is fixed. If the size of the labor force is allowed to vary: please tell me how the job-loss and job-finding processes will differ from the situation when the..
What would happen to unit sales and total revenue of the book store sold a textbook at a lower price? Would this be elastic due to the fact that a college textbook would be a necessity versus a luxury? Also, if that is the case.. Can you please expla..
q1. in recent years the value of the dollar had declined relative to the euro. what does that mean for european
Choose an industry or market* and, based on the material in the last few chapters, analyze what type of market structure best describes your chosen industry/market. (i.e., is your industry monopolistically competitive, a monopoly, an oligopoly, or a ..
Explain how the MAS have successfully used exchange rate policy to achieve price stability for the last two decades.
You work at a Gazebo company (Shady Tents) and you hire an economist to estimate the price elasticity of demand for your product, and the estimate is .9 (in absolute value) and this has been fairly stable over the last year.
If people in Pantherville hold all money as currency, what is the quantity of money - what is the quantity of money?
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