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A pharmaceutical company proposes a new drug treatment for alleviating symptoms of PMS? (premenstrual syndrome). In the first stages of a clinical? trial, it was successful for 8 out of 12 women.
a. Construct a? 95% confidence interval for the population proportion.
b. Is it plausible that it is successful for only half the? population? Explain.
What is industrial economics and outline the salient features of the structure - conduct - Performance (SCP) Model
The chance of winning a lottery game is 1 in approximately 26million. Suppose you buy a$1 lottery ticket in anticipation of winning the $9million grand prize. Calculate your expected net winnings for this single ticket. Interpret the result.
What must you do to effectively negotiate a contract that will earn the group a profit? What demographic information is needed? How will you capture what type of risk you will have in this contract in terms of cost of delivering care?
Suppose that the Fed permanently increases the growth rate of the money supply. According to the Friedman effect as discussed in class, what will happen to both nominal and real interest rates in the short-run? In the long-run? Explain why.
Discriminating monopolists are able to charge different prices to different customers. In fact, a perfectly discriminating monopolist is able to charge.
Explain how it is possible for one of two people in a two-good economy to have an absolute advantage in producing both goods, but trade can still benefit both people.
For the following sets of goods, draw two indifference curves(IC1 and IC2 where IC2 yields a higher level of utility than IC1). Draw each graph so that the quantity of the first good is on the horizonal axis and identify utility functions for part a)..
Jerry Stans, a young industrial engineer, prepared an economic analysis for some equipment to replace one production worker
Five Hatfields and two McCoys are up for 3 construction jobs in Williamson. What is the probability that all 3 jobs go to Hatfields?
Analyze the history of changes in GDP, savings, investment, real interest rates, and unemployment and compare to forecast for the next five years. Analyze how monetary policy could influence the long-run behavior of price levels, inflation rates, cos..
Your manager just asked you to join a meeting in progress to speak for five minutes about a build versus buy decision the company is about to make. Describe how you would spend those five minutes in presenting the most important element of the dec..
What is the approximate cost of this costly trade credit offered by this supplier? (Assume 360 days per year).
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