User Account

All Pages

Average alcohol consumption in australia

Assignment Help Business Economics
Reference no: EM132132937

Suppose you are a statistics consultant, hired to study whether a tax on alcohol has decreased average alcohol consumption in Australia. For a given sample of randomly selected individuals, you are able to obtain the difference in alcohol consumption (in litres) for the years before and after the tax. For person i, who is randomly sampled from the population, Yi denotes the change in alcohol consumption. Suppose that your sample size is n = 900 and you obtain the sample mean y = -0.97 and sample standard deviation s = 13.8. a. State the null and alternative hypotheses and explain the type of test you will conduct.

Reference no: EM132132937

Questions Cloud

How will the us gross domestic product be affected : If a Canadian tourist drinks German beer in a Cleveland restaurant, how will the U.S. Gross National Product (GNP) be affected if the Cleveland restaurant.
What do you consider to be amazon strategic capabilities : What do you consider to be Amazon’s strategic capabilities? Develop and justify a strategy for Amazon going forward.
What is the median age of all the students together : Additionally, you know that there are 3 girls with age greater than 14 and 2 boys with age less than 12. What is the median age of all the students together?
What is the minimum cost plan to crash the project : Build a spreadsheet model of the project. Use Solver to find the optimal solution. What's the minimum cost plan to crash the project?
Average alcohol consumption in australia : Suppose you are a statistics consultant, hired to study whether a tax on alcohol has decreased average alcohol consumption in Australia
Discuss about the simple keynesian model : Businesses continually pressure the Federal Reserve to lower nominal interest rates. They argue that this action will lead to beneficial results in the economy.
Limit theorem and the empirical rule : In a specific sample size of 100, what is the range within the groups average iron level would be considered ususal?
What percentage of the time is the owner waiting on table : What percentage of the time is the owner waiting on a table?
What is alternative hypothesis and p-value : Add the 5% significance level, has there been an increase in production? What is alternative hypothesis and p-value?

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd