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Consider a sample with mean of 30 and a standard deviation of 5. use chebyshev's theorem to determine the percentage of the data within each of the following ranges:
a. 20 to 40
b. 15 to 45
c. 22 to 38
d 18 to 42
e. 12 to 48
q.consolidated salt company sells table salt to both retail grocery chains and commercial users e.g. bakeries snack
Describe a situation that would call for applying one or more of any (dynamic economic model/legit model/random walk model/spurious regression/co integrated time series/tests of stationary). Explain your rationale for applying the model you chose.
In order to reduce the high inflation and high unemployment of the 1970s, the Federal Reserve decided to raise interest rate to astronomical levels. How can high-interest rates cure high inflation and high unemployment? What are the consequences of s..
The internal rate of return on an investment refers to the interest rate earned from the income of an investment. The meaning of Internal Rate of Return is best stated as a measure of the interest rate that makes the incomes and the expenses equivale..
In considering the foreign trade issue, discuss the benefits and challenges between Americans and the cultures of the citizens of the various trading partner countries with which these trade agreements are made. Discuss the importance of your ability..
The government imposes a $1.10 excise tax on the sale of every 2 liter bottle of soda. The tax is to be paid by the producers of soda. The figure below shows the annual market for 2 liter bottles of soda before and after the tax is imposed.
Just as consumer sensitivity to changes in price and in the determinants of demand (DOD) may be measured through demand elasticities, producer sensitivity to changes in price and in the determinants of supply (DOS) may be measured through supply elas..
Explain the relationship between the price charged and the marginal revenue a monopolist receives from selling an additional unit. Provide a discussion that explains the relationship between the monopolist’s marginal revenue and its price elasticit..
The following relationships describe the economy of a random, fictitous country: Sketch the IS curve and LM curve for 1998 on a diagram and show the point where the interest rate and output are determined. Show what happens in the diagram if the mone..
Smith Services, Inc., was a corporation solely owned by Tony Smith. Bear, Inc., owned and operated Laker Express, a fueling station in Kentucky. Smith charged fuel to an account at Laker Express and owed approximately $35,000. There was no written ag..
Analyze how a bartender would know which the price of an exotic drink was too low or too high.
What is present amount worth & future amount worth? (Use graphs and equations) Suppose you are offered the alternative of receiving either $3,000 at the end of five years or P dollars today. Because you have no current need for the money, you would d..
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