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The management team of a soccer stadium wants to estimate the average amount in Rand spent on snacks and cool drinks per spectator. It is known that amount in Rand is a normally distributed. A random sample of 40 spectators was selected and the sample mean is R37.93 and the sample standard deviation is R7.
Calculate a 95% confidence interval estimate of the actual average amount spent by a spectator and the interpret results.
critics of traditional welfare programs often argue that a downside of traditional welfare programs is that when the
Assuming that U =0.5, would an hour spent in the labor force searching for a job make the husband better off or worse off? Would the worker continue to be a member of the labor force under these conditions? If not, how would he be ca..
what are the two organizational compensation goals described in this unit? what other goals for compensation can you
Analyze how the market will respond in each example (from the perspective of both the supplier and the consumer. Recommend examples in each of the three examples as to how consumer's demand may be satisfied.
Using supply and demand diagrams, show how each of the two developments can explain the increase in the compensating wage differential. Can information on the number of workers in the risky occupation help determine which explanation is more plaus..
The processing of raw coal involves "washing," in which coal ash (nonorganic, incombustible material) is removed. The article "Quantifying Sampling Preash to the density of a coal particle. The average percentage ash for five densities of coal par..
Is Apple Computer a perfectly competitive firm? Explain your answer.
A new hydraulic lift will cost $125213. At the end of its 9 years of useful life, the machine can be sold for $39492. The new machine will reduce annual.
Suppose a consumer' preferences are represented by the utility function U = MIN(5X, Y). The price of Y is PY = 1, and the consumer has income, M = 120. a) Graph the consumer's Price consumption curve for prices, PX = 1, PX = 3, and PX = 5. Be sure..
With the price so low, some growers plowed over their strawberry plants to make way for spring melons; others froze their harvests and sold them to juice and jam makers. Explain how the market for strawberries would have changed if growers had not..
Create a list of 50 information security vulnerabilities with related threats relevant to the organization
give the cost-benefit analysis for the company which has to decide whether to hire more staff or hire temporary workers
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