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Suppose that 20% of all individuals have an adverse reaction to a particular drug. a medical researcher will administer the drug to one individual after another until the kth adverse reaction occurs, at which point the experiment will terminate.
a) k=1 What is the probability that when the experiment terminates, four individual have not had adverse reactions?
b) k=1 what is the probability that the drug is administered to exactly 6 individuals.
c) k=5 what is the probability that fewer than 9 individuals have not had adverse reactions when the experiment terminates?
d) k=7 How many individuals would you expect the drug to haven administered to?
1. A permanent increase in money supply cannot affect any variable in the OLG model of money.
In general, how do free trade agreements benefit a country? What are the drawbacks to these agreements? Identify a typical individual in the United States who stands to gain from a free trade agreement and explain your rationale for why this individu..
Draw and show the change in the PPF when an outbreak of avian flu sickens millions of agricultural and industrial workers.
In a small open economy, if exports equal $40 billion, imports equal $10 billion, and domestic national saving equals $35 billion. (a) Calculate the amount of investment in this economy. (b) How much is the net capital outflow? (c) What will happen t..
Suppose the US. Unemployment rate at the start of 2010 had been 6% instead of 9.7%. How many more people would have been working (assuming the labor force remained the same)?
When marginal revenue is greater than price the firm's profit is always positive. When an increase in the quantity results in a reduction in profit marginal cost is greater than marginal revenue. Generally, to maximize profit is to minimize cost.
Calculate the required rate of return for XYZ, Inc. using the following information: The investors expect a 3.0% rate of inflation, the real risk-free rate is 2.0%, the market risk premium is 6.0%. XYZ Inc. has a beta of 1.7. Over the past 5 years,..
Do unexpected monopolistic profits serve any useful function in a market economy? Could additional oil revenue be used to explore and develop new fields?
Describe partnership contributions and distributions. Please include information on the taxability of partnership contributions and distributions and how the IRS has created various elections to counterbalance or minimize the uneven effects of certai..
Many television shows, movies, and songs can be downloaded for free on the Internet. Much of this material is copyrighted and was expensive to produce. Much of it is available for a fee through a legitimate site. Should you pay to download an episode..
According to Wade, higher corporate ___________________ tend to make for more financial fragility than do lower ones.
You're the manager of xyz inc. also must decide Elucidate how much output to maximize your firm's profit.
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