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The dollar value of orders placed through a particular store catalog is found to be normally distributed with a standard deviation of $21.58. A sample of 30 orders averaged $81.25. What is the 90% confidence interval around this sample mean?
A Business Week table ("The High Price of Admission," October 23, 2006, 60) compares various business schools by calculating how long it takes to break even on a student's investment in a Masters of Business Administration (MBA)
Suppose that you are having a discussion with a manager from a profit-maximizing firm about choosing the appropriate level of output for his firm. what would you tell this manager about his approach to choosing his business’s output level, ceteris pa..
Numbers in parentheses are outflows. Both Year 0 and Year 3 cash flows are outflows. What is the net present value?
Describing how the average and marginal grade concepts, and other economic concepts which we have covered up to this point, relate to your everyday life. Begin by stating your average grade either as a percentage or as GPA.
there is an incumbent monopoly in a market. A potential entrant may enter. Draw the game tree describing the situation?
For each of the following goods, give your best estimate of its most likely degree of rivalness and (relative) exclusion cost, using the definitions of these variables and the information in the course notes on externalities and public goods. Explain..
A series of equal quarterly payments of $10,000 for 15 years is equivalent to what future worth amount at an interest rate of 6% compounded at the given intervals? A) Quarterly B) Monthly and C) continuously.
According to the rational expectations hypothesis, unemployment
Your cat just won the local feline lottery to the tune of 3000 cans of "9-Lives" cat food (assorted flavors). A local grocer offers to take the 3000 cans and in return, supply 30 cans a month for the next 10 years. What rate of return, in terms of no..
Which of the following statements correctly reflects the developments in the U.S. automobile industry following an interest rate decrease by the Federal Reserve?
Every McDonald's restaurant around the world is not the same size. I am thinking the different sizes are due to the volume needed at the various locations. Do you think there are any economies of scale or diseconomies of scale in the McDonald's resta..
In the short run, if the Fed wants to raise the federal funds rate, it. In the short run, when the Fed increases the federal funds rate. If the Fed wants to fight inflation, it will ________ the federal funds rate in order to?
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