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In the general population, patients who are recovering from bronchial pneumonia normally take a mean (average) of 4.75 days to leave the hospital, with a population standard deviation of 1.82 days. Medical personnel at a hospital are trying a new medication that is designed to ease breathing during recovery. What is not currently known is whether the new medication will impact duration of hospital stay. The first sample of 25 patients (n=25) to whom this medication was administered were released from the hospital in a mean (average) of 2.60 days. Based on this result, should the hospital conclude that there is a significant difference in duration of hospital stay because of the new medication?
Calculate the 99% confidence interval. The mean that you will use in this calculation is ____:
In 2010 the Macondo well drilled by the Deepwater Horizon in the Gulf of Mexico blew out, spilling ~ 5 million barrels of oil into the Gulf over 87 days. Calculate the energy content of the spilled oil in joules or suitable multiples.
Susan switches from going to Speedy Lube for an oil change to changing oil in her own car herself. Which of the following is correct?
What did the government do during 2000-2010 to either help or hinder the improvement of China's economy? Consider what policies were put in place by the government. This is where you will discuss fiscal policy, monetary policy, and supply side policy..
What is the law of diminishing returns? Can you give an example of when diminishing returns have set in (could set in) at the place you work/would like to work? What is the difference between economic profits and accounting profits? Can you give exam..
Next, explain how the adjustment to macroeconomic equilibrium occurs when spending is less than production.
Why is the tension between centralization and decentralization of R&D activities likely to be even greater for multinational firms than firms that compete
What is an example of a repetitive and specific task in which you use descriptive statistics on a daily basis.
Use an annual cash flow analysis to find which plan is more economical.
Explain budgetary decision making in terms of the five decision clusters. Which cluster do you think is the most political and why?
Good 1 is a normal good and good 2 is an inferior good. Using 3 budget lines and 2 indifference curves, illustrate the effect of an increase in P2 on the consumption of both x1 and x2. Label income and substitution effects for both goods
In 2006 the CEO of Bear Sterns, James Caynes, received a compensation package of $34 million. The following year Bear Sterns cost $2.7 billion to the taxpayers. Angelo Mozilo and two other top executives were charged by the Security and Exchange Comm..
Use the AS/AD framework to depict an economy that is a) in equilibrium, and b) operating at full employment. determine in which direction the affected curve(s) shifts. draw in the shifted curve(s)—and label it (them) explicitly. Is the new Unemployme..
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