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In order to estimate the difference between the average hourly wages of employees of two branches of a department store, the following data have been gathered.
Downtown store North Mall Store
Sample size 25 20
sample mean $9 $8
Sample standard deviation $2 $1
A 95% interval estimate for the difference between the two population means is?
I'm having trouble regarding this question I can't seem to figure out where to start at with the interval estimate
A manager of a local monopoly estimates elasticity of demand for its product is constant and equal to -2 Marginal cost is constant at 15 per unit. A. express marginal revenue as a function of price B. Determine the profit maximizing price.
What can you conclude about the firm's use of its resources versus other options (or alternate uses)?
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Do you think the industry environment is significantly dissimilar today.
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What is the margin of error of µ?? The 90?% confidence interval for the population mean µ is ?
Wolmart is considering a new cash register system for its Georgia stores. The estimated cost of the new registers (today) is $750,000 and they expect to set aside an additional $25,000 net working capital (today) which will be recovered when the regi..
When a perfectly competitive firm (that sells its good for $18 per unit) hires 1 unit of factor X it produces 35 units of output and when it hires 2 units of factor X it produces 55 units of output. Marginal revenue product of the second unit of fact..
What did Karl Marx believe were the positive accomplishments of the bourgeoisie? According to Marx, how had the bourgeoisie and capitalism degraded freedom and human relations? Why did he believe that capitalism is doomed?
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