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The results of a pre election poll suggested that 50% of the people surveyed (n=500) indicated that they would vote for Hillary Clinton in the soon to be conducted election. Construct a 90% confidence interval.
Suppose the production function for coffee (C) is C = min(B,W) where B = beans in pounds and W = water in gallons and the price of water is $.10 per gallon and the price of beans is $10 per pound. The expansion path is
A consumer has $120 and faces prices px =$5 and py=$10. Draw its budget set. Suppose its income were to fall to $60. Draw the new budget set. Assume income is again $120, but the prices double to $10 and $20, respectively. Draw the new budget set and..
A soda vendor at Louisiana State University football games observes that more sodas are sold the warmer the temperature at game time is. Based on 32 home games covering five years, the vendor estimates the relationship between soda sales and temperat..
Suppose we live in a small island country that has just one higher education institution: a private university. The supply and demand for enrollment
What is the current plan/bailout for Greece? Which countries and organizations are giving the country money? What are the conditions that Greece must abide by to receive these funds?
When gasoline prices spike, producers consider using oil fields that once had been passed over because of the high costs of extracting oil. In a figure, show what this statement implies about the shape of the oil extraction cost function.
Economic profit" is a theoretical concept used to help explain the behavior of firms in competitive markets.
Suppose that an individual maximizes u(x,y)=x1^a x2^b (α, β > 0) subject to the budget constraint p1x1 + p2x2 = y. Solve for x1 and x2 (the optimal values of x1 and x2, which are the demands for x1 and x2) Are x1 and x2 , normal or inferior? Does dem..
Price outcomes of the 5 oligopoly models differ substantially. Which models produces the lowest and highest total profits (all firms combined)? What are the predicted prices? Provide aviation industry examples of routes or markets that might approxim..
Let’s say the current administration decides to make a college education more affordable, so they establish a price ceiling of $50 per credit hour for community colleges, $75 per credit hour for four year institutions, and $100 per credit hour for gr..
The researchers find that the chi-square test statistic for these data is 51.58. Find the critical value(s) for these data and interpret the findings.
We are working on Chi-Square. I have the answer but must explain how I got it. My question is circled in the picture.
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