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According to the Sleep Foundation, the average night's sleep is 6.8 hours. Assume the standard deviation is .7 hours and that the probability distribution is normal. a. What is the probability that a randomly selected person sleeps more than 8 hours (to 4 decimals)? b. What is the probability that a randomly selected person sleeps 6 hours or less (to 4 decimals)? c. Doctors suggest getting between 7 and 9 hours of sleep each night. What percentage of the population gets this much sleep
Find a newspaper or magazine article that highlights when the political process works poorly (not too hard). Write a 1-page paper on the economic reasons for this performance
Victory Visa, Magnificent Master Card, and Amazing Express are credit card companies that charge different interest on overdue accounts. Victory Visa charges 26% compounded daily, Magnificent Master Card charges 28% compounded weekly, and Amazing ..
Why does google care weather people think it is large or small? Do highway billboards actually provide competition for Google. Briefly explain. Please state wheather the actual demand were a)to the right or to the left the where the company thou..
Assume the firm can produce 5000 units of out put by combining its fixed capital with 100 units of labor and 450 units of raw materials. What are the total cost and average total cost of producing 5000 units of output?
Determine the two equal deposits, the first deposit required now and the second deposit at the end of year 6, so that you can withdraw $2,000 at the end of each year for the next 12 years. Assume that money earns 4% interest, compounded monthly. T..
Give an example of how you would use this information to set the price for your product in the market place and explain one factor in detail about how shifting demand and supply curves makes market demand estimation difficult
What business will you go into, and what will comprise your fixed and variable costs? How could your business take advantage of economies of scale?
If the merged firm were able to exploit economies of scale it would affect costs, may be even marginal costs. Assume the marginal cost of the merged firm was not 40, but 30. Is the merger profitable in this case?
Which of the following is NOT a condition for price discrimination? Different groups of consumers should be charged differing prices for the same product. The firm's demand curve should be downward sloping.
Write out your final regression equation, with standard error in parentheses under each coefficient. Also, present statistic - F and 2R for this final regression.
The price of Burger King's Whopper hamburger declines and mcDonald's distributes coupons for $1.00 off the purchase of a Big Mac.
Describe how each of following will affect consumption and saving schedules as they relate to GDP or the investment schedule, other things equal,
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