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Watch your cholesterol: A sample of 314 patients between the ages of 38 and 82 were given a combination of the drugs ezetimibe and simvastatin. They achieved a mean reduction in total cholesterol of 0.94 millimole per liter. Assume the population standard deviation is σ = 0.18.
a. Construct a 98% confidence interval for the mean reduction in total cholesterol in patients who take this combination of drugs.
c. Based on the confidence interval constructed in part (a), is it likely that the mean reduction in cholesterol level is less than 0.90?
Big Dom's Pawn Shop charges an interest rate of 27.3 percent per month on loans to its customers. Like all lenders, Big Dom must report an APR to consumers.
What is the mission and legal mandate of the Federal Reserve System? What policy tools are available to the Fed to achieve its mission?
The Republic of Ireland (what most of us refer to as simply Ireland), is an independent country but borders on Northern Ireland; the two countries make up the entire Island on which they exist. If you were the head of Great Britain’s Central Bank, an..
Due to a recession, demand for housing market decreases. Will this shift labour supply curve, demand curve or both. How will this affect wages and number of workers in home construction.
They value campaign funding in terms of dollars spent. Therefore, after spending ci on a campaign.
Explain how many units of labour will Valentines hire. What wage per unit of labour will Valentines pay.
Describe the kinds of Economic Systems - Price mechanism also known as the market mechanism, that helps to solve the central problems in Capitalist Economy. Explain.
A trade surplus implies savings are higher than investment and the net capital outflow is greater than zero. Evaluate this statement. Use relevant equations.
Why does Michael Porter admonish companies will not change his competitive positioning any more regularly than once every four or five years.
New-Project Analysis The president of the company you work for has asked you to evaluate the proposed acquisition of a new chromatograph for the firm’s R&D department The equipment's basic price is $100,000, and it would cost another $15,000 to modif..
Show graphically and explain why the imposition of a minimum wage results in both winner and losers in the labor market. On your graph identify the gains to the winners and the losses to the losers.
It is unclear to a economic novice like me why OPEC is not cutting down production and raising oil prices. I have read several journalists commenting upon this on the internet but perhaps an economist can explain this current fact better.
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