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Suppose the national forest contains 1,000,000 trees, and that the age of trees in this forest is normally distributed with a mean of 225 years, and a standard deviation of 150 years;
-What is the probability that a tree in this forest is more than 135 years old?
-Suppose a sample of 90,000 trees is randomly selected from this forest, calculate the standard deviation of tree age for this sample.
-Calculate the probability that a sample of 40,000 trees drawn at random from this forest has an average age between 223.5 and 226 years old?
Which types of firms would normally maximize profits along with real-life examples? A producer of ballpoint pens has been purchasing ink from an ink supplier and is considering acquiring the ink supplier. Would the pen company be more or less likely ..
What are some contemporary technology issues? How do we learn to accept the social responsibilities of educated citizens in a global technological society?
The firm’s constant marginal cost of production is, c = 50. The firm may charge an access fee and per unit price (that the consumers can choose not to pay). What are the profit maximizing access fee and price?
How can related diversification make (create) a competitive advantage for the organization?
Inflation has been a reality for the general economy of the U.S. In many years. Given this assumption, calculate the number of years it will take for the purchasing power of today's dollars to equal one-fifth of their present value. Assume that infla..
If Amy spent her entire allowance, she could just afford 8 candy bars and 8 comic books a week. She could also just afford 10 candy bars and 4 comic books. The price of a candy bar is 50 cents. Illustrate her budget line with a diagram (be sure to la..
The company has three plants and they are located 30 miles apart, one on the north side of town, one on the south side, and one on the west side of town. Draw an organizational chart to represent the current structure of The MUNSON Company. Rather th..
Explain and illustrate how an Earned Income Tax Credit (EITC) can have the effect of increasing the number of workers participating the labor market and also de
Propose strategies that South Africa can adopt to attract foreign direct investment.
Explain how the sales of government bonds by the Reserve Bank can result in decreased availability of liquidity and higher interest rates.
Now, suppose you are interested in measuring the causal effect of pensions on labour supply. You observe that, on average, employees at the QuickFast car factor
A chemical company is interviewing two people to become its risk manager. One has a background of management positions chemical refineries
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