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As soon as news surfaced that Toronto Police had a video of Toronto's major, Rob Ford, allegedly smoking crack cocaine, a small opinion poll was conducted to determine if the majority of Torontonians thought that Rob Ford should resign. Of the simple random sample of 20 Torontonians that were polled, 70% responded that they thought he should resign.
Compute the P-value of the appropriate test.
Suppose a consumer derives satisfaction from consuming tacos: those from Taco Bell and those from Chipoltle. Graph the budget line of the consumer under the assumption that he is offered a “buy three, get one free” deal at Taco Bell (limit one free t..
Do you think the interest on payday loans is too high or just right? Should Christians charge poor people interest on loans?
How do public relations departments influence public opinion and should government regulation be involved?
If the utility function (U) between food (F) and clothing (C) can be represented as U = FC, the marginal rate of substitution of clothing for food equals? Please explain how to het MRS from utility function and formula?
"Suppose we have an agricultural valley 100km by 50km, with a polluting electricity power plant. The power plant causes pollution problems on a narrow strip of land downwind of the plant, and within this valley 10km in length and 500 m in width, but ..
How has the educational system affected the quality of our labor force? Explain the Malthusian theory of population. Is it relevant today anywhere in the world? Explain where and why. How does the American savings rate compare to that of other leadin..
Under pressure by regulators and consumers, the company is considering lowering the price of the medicine by 10 percent. The company has hired you to analyze the effect of such a cut on its profits. How would you carry out the analysis? What infor..
a. What is the present value of this series of payments? b. What is the future value of this series of payments in year 5?
What is the test statistic t on the actual differences? What is the p-value of the test statistic t? What is the test statistic t on the percentage difference
The defined benefits pension fund of G-Tech Electronics has a net value of $2.71 billion. The company is switching to a defined contribution pension plan.
The rate of unemployment below which the rate of inflation tends to rise and above which the rate of inflation tends to fall is known as the A) Phillips rate of unemployment.
Suppose a pizza parlor has the following production? costs: ?$4.00 in labor per? pizza, $2.00 in ingredients per? pizza, $0.90 in electricity per? pizza, $3,000 What is the fixed cost of production? (per month)? What is the variable cost of productio..
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