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A large airline wants to estimate its average number of unoccupied seats per flight over the past year. To accomplish this, the records of 30 flights are randomly selected and the number of unoccupied seats is noted for each of the sampled flights. The data is tabulated below.
8 18 13 11 22 14
9 18 10 18 13 15
7 16 11 10 20 19
13 16 19 18 22 23
6 15 11 12 18 12
Give a 90% confidence interval for the average number of empty seats. Use the sample standard deviation rounded to 3 decimal places. Put your answers in (a, b) form with parentheses and space after the comma required. Round your answers to two decimal places!
A firm has $1.5 million in sales, a Lerner index of 0.57, and a marginal cost of $50, and competes against 800 other firms in its relevant market.
Fill in the following table to show the impact of the change in investment spending on the first two rounds of consumption spending and, eventually
The aggregate marginal cost function for the other manufacturers of polyglot. Illustrate what is the total market Demand for polyglot at the price established by Alchem in Part
Economies of scale may arise from all but one of the following. Which one is it?
If market inverse demand is p(Q)=a-bQ and the firm produces according to TC(Q)=cQ+dQ2, determine the firm's optimal quantity, price and profit level. (Assume that a,b,c,d >0.) What conditions on b and d must hold in equilibrium?
Herbert spends all $50 of his pay check on food and shelter which each cost $5 per unit. What is the equation of his budget line?
The use of an international product structure. Knowledge that an individual has but that is difficult to express clearly in words, pictures, or formulae, and therefore difficult to transmit to others is known as.
The Laspeyres price index uses the old quantities for the weights. In the base year, good 1 cost $2 and good 2 cost $1. The current price of good 1 is $7 and the current price of good 2 is $2. In the base year, the consumption bundle was (x1b,x2b) = ..
If you were in this industry also there was an increased demand for the product which pushed up the price of goods
The mayor of Denver wants to upgrade the public transportation system. In order to fund the improvements, the mayor proposes charging an extra $1 for each ride taken.
Articulate an argument demonstrating the importance and centrality of HR departments in today's chaotic and competitive world. How can a weak HR department help bring a company to an early demise?
Stock returns and your retirement account: Suppose your retirement account has a balance today of $25000 and you are 20 years old. If you are invested in a diversified portfolio of stocks, you might hope that the historical return of about 6% continu..
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