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Which of the following variables is considered a discrete variable?
Select one:
a. Amount of water in the Pacific Ocean.
b. Money spent on gasoline during a week.
c. Grade point average (GPA) of students during 2016.
d. Number of customers that visited a shopping mall during the summer months.
Suppose that you have a dataset capturing the job title of 1,000 people. Which of the following is the best way to represent that dataset graphically?
a. Boxplot
b. Bar chart
c. Histogram
d. Stem-and-leaf
Go to the Bureau of Labor Statistics website, www.bls.gov/news.release/empsit.toc.htm, and click on "Employment Situation Summary"
Exchange rates can be impacted over the long run or short run. a. There are four forces that affect exchange rates over the long run. Name them. b. Exchange rates can fluctuate quite a lot in a short period of time (a day or two). Which factors help ..
A company uses 20 work units and 30 units of capital to produce 4,000 units of product. In this combination the marginal product of labor is 50 and the marginal product of capital is 40. The price of labor is $ 30 and the price of capital is $ 20. Th..
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.
Suppose First Main Street Bank, Second Republic Bank, and Third Fidelity Bank all have zero excess reserves. The required reserve ratio is 20%. The Federal Reserve buys a government bond worth $750,000 from Shen, a client of First Main Street Bank. H..
The marginal benefit of reducing pollution
“Economic profits result whenever only a few large competitors are active in a given market.” Discuss this statement using an example for illustration. Response is due not later than midnight October 23.
A firm faces a demand where q=20-P. q is quantity demanded, P is price. Its total cost function is TC = 2q^2 + 2q + 20. How many should it produce to maximize profit? What is the price it charges to its consumers?
Determine if each of the following value functions is loss averse.
Since the movie, Avatar, 3-D movies have been popular and charged at a higher price, compared with the traditional 2-D movies.
Prove that if the weak preference ranking R is transitive then the corresponding strict preference ranking P (using the definitions we gave in class; this is always understood whenever we are talking about indifference and strict preference) is also ..
Distinguish between alert data (including generation tools) and NSM monitoring (including collection tools). Please be sure to explain so I can understand.
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