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A local restaurant currently charges 20 for a popular fish dish and each night 100 customers order this dish. The same restaurant aslo has a side-order of chips on the menu at a cost of 5 per serve. When the price of chips increased to 5.50 sales of the fish dish fell to 90 customers per night . Calculate the cross- price elasticity of demand for fish with respect to chips.
What sample size would be needed to obtain an error of ±10 square millimeters with 99 percent confidence?
A recent article in The Wall Street Journal reported that the 30-year mortgage rate is now less than 6 percent. A sample of eight small banks in the Midwest revealed the following 30-year rates (in percent):4.8 5.3 6.5 4.8 6.1 5.8 6.2 5.6
Assume that you choose a 50 families sample. Which is the form expected from the distribution of the average or median of the sample?
A local brewery distributes beer in bottles labeled 32 ounces. A government agency thinks that the brewery is cheating its customers.
Explain the importance of surveillance system in healthcare. Briefly describe the types of surveillance system?
Explain the significance of the signing of the Magna Carta for the development of the rights of the British people
Develop a hypothetical table of data using a grid of 3 rows and four columns.
Suppose 8 cups of coffee are served to a subject, where for each cup a coin is flipped to determine if regular or decaf coffee is poured.
Translate the following arguments into symbolic notation.- If you enter the teaching profession, you will have no money for vacations; and if you do not enter the teaching profession, you will have no time for vacations.
Construct and interpret a 90% confidence interval estimate for the regression slope coefficient.
A random sample of 25 observations produced a sample mean of 41.8. Using a = .025 and the population is known to be normally distributed with s = 6.
The p-value obtained in a hypothesis test for population mean is 8%. Select the most precise statement about what it implies. Explain why the other statements are not precise, or are false.
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