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The population of employees of a national fast-food chain has a mean age of 19.1 years with a standard deviation of 1.6 years.
(a) Determine and interpret the z-score of a 20 year-old employee.
(b) Determine and interpret the z-score of a 17 year-old employee.
(c) Would a 22 year-old employee be considered an outlier age-wise? Why or why not?
(d) Would a 25 year-old employee be considered an outlier age-wise? Why or why not?
(e) Apply Chebyshev's Theorem to make two statements about the ages of the employees of the chain.
How much must you deposit in your retirement account each year for 10 years starting now (i.e., years 0 through 9) if you want to be able to withdraw $50,000 per year forever beginning 30 years from now? Assume the account earns interest at 10% pe..
When the price of oranges increases from $1.00 per pound to $1.50 per pound, quantity demanded falls from 500 pounds to 400 pounds. Calculate the price elasticity of demand. Is the demand for oranges price elastic, inelastic, or unit elastic.
the number of unemployed workers declined by only 1.1 million. How are these numbers consistent with each other Why might one expect a reduction in the number of people counted as unemployed to be smaller than the increase in the number of people ..
What will happen to average total costs in the loge run?
Children in the United States account directly for $ 36 billion in sales annually. When their indirect influence over product decisions is considered, the total economic spending affected by children in the US is $ 290 billion.
Suppose that the exchange rate between the Polish Zloty and the U.S. dollar is currently 4 Zls to the dollar. The one year forward rate for the Zloty is 4.5 Zls to the dollar
Why, up until 2007, did we think that monetary expansion was all that was needed to mitigate the impact of financial crises?
assuming elasticity is linear and a plane flight holds 310 seats a load factor of 70 mean 70% of the seats are filled. a load factor of 72 means 72% of the seats are filled. what price would it take to fill all the seats.
Assume that all income is either employee compensation or profits and there are no indirect taxes.Calculate the GDP using the expenditure and the income approach using the flowing figures:Consumption -5,000 , Investments- 1,000, Depreciation -600 ..
If the Central Bank in uenced the nominal rate in such a way as to make the Quantity Theory of Money hold true (to your answer in the previous section), then what level of i (as a percentage) would they target
According to the United States informationfor 1965-IQ to 1983-IQ (n=76), James and Adibi obtained the folowwing regression to explain personal consumption expenditure in the United States
For ATC and AVC, plot the points on the integer: for example, the ATC of producing one tablecloth is 80, so you should start your ATC curve by placing a green triangle at the point (1, 80). For MC, plot the points between integers.
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