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The Director of Admissions at Rutgers University is preparing a report for the New Jersey Department of Higher Education regarding the demographics for entering classes. The director wanted to estimate the age of students enrolled. The estimate must be within 1 year of the population. Assume that ages are normally distributed.
Determine the minimum sample size to construct a 90% confidence interval for the population mean. Assume the population standard deviation is 1.2 years.
Repeat (a) with a 99% confidence interval.
Which level of confidence requires a larger sample size? Explain.
Elucidate the cost of producing an additional washing machine when 50 cars are being produced. when 150 cars are being produced.
illustrate what constitutes a perfectly competitive marketplace structure. Support your argument with empirical evidence wherever possible.
Evaluate this monitoring system. What would you do differently? Consider the benefits as well as costs of any change you recommend.
what is the size of the bank's actual reserves. Required reserves are 10 percent of transactions deposits under the assumptions of the simple multiplier formula, then eventually the money supply will increase by.
Explain the concepts of scarcity also choice also elucidate how they function in economic system.
Policymakers should have a detailed knowledge and profound understanding of all theoretical models and should design economic policy based on that knowledge.
Now suppose Starbucks introduces world to premium blends, and so demand rises substantially.
Converse briefly its relationship to microeconomics also other related fields of study such as finance, marketplace also statistics.
1. What are the growth promoting policies prescribed by neoclassical models? 2. What are the growth promoting policies prescribed by new growth models? Give me the good explanation.
John Paisley is planning to buy a house for $100,000 by borrowing money at the rate of 9%.
Willie will receive all his operating expenses, and in addition will receive $2,000 each year for the decline in value of the automobile.
All farmers in Trivialand are self - employed and sell all of their wares to Super Duper. Elucidate the costs incurred by all of Trivialand's busines.
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