Development of the best economic mixture

Assignment Help Basic Statistics
Reference no: EM13968585

In making a land-use policy decision, a planner had to consider three objectives: the development of the best economic mixture of industrial and residential uses, the preserva tion of sensitive environmental areas, and satisfying the largest industrial firm in the community. Attributes to measure achievement along these three objectives were devel oped.

Let kecon represent the scaling constant for the economy, kenv the scaling constant for the environmental concerns, and kfirm the scaling constant for satisfying the firm. After careful thought, the planner assessed kecon = 0.36, kenv = 0.25, and kfirm = 0.14. Use Equation 16.3 for the multiplicative utility model to verify that the scaling constant k is approximately 1.303.

Reference no: EM13968585

Questions Cloud

Proportion of defective items : When sampling is done for the proportion of defective items in a large ship- ment, where the population proportion is 0.18 and the sample size is 200, what is the probability that the sample proportion will be at least 0.20?
What are the positive and negative tradeoffs : What quality systems and procedures and systems should Toyota have followed to ensure that faulty automobiles are not delivered to the customers?
Problem regarding the population with standard deviation : When sampling is from a population with standard deviation C = 55, using a sample of size n = 150, what is the probability that X will be at least 8 units away from the population mean µ,?
Synopsis on disaster recovery strategies : Write a 1 - 2 page synopsis on disaster recovery strategies in a mid size organization. Along with reference and apa format
Development of the best economic mixture : In making a land-use policy decision, a planner had to consider three objectives: the development of the best economic mixture of industrial and residential uses, the preserva tion of sensitive environmental areas, and satisfying the largest indus..
How many years it take an investment to triple : How many years it take an investment to triple if the interest rate is 7% compounded annually? State the amount accumulated by each of the following present investmens: $4,000 in 10 years at 8% compounded annually.
Calculate the mape for theforecast : After you have selected the best forecasting method, what would you tell your boss is the forecasted sales for January?
How should the discussions be structured : Can you give any advice to a committee working on a problem that might help it to arrive at a decision? How should the discussions be structured? Can sensitivity analysis help in such a situation; if so, how?
Two attribute multilinear utility function : Show that when n = 2, the multiplicative utility function is equivalent to the two- attribute multilinear utility function. (Hint: This is an algebra problem. You must show that one utility function is a scaled version of the other.

Reviews

Write a Review

Basic Statistics Questions & Answers

  What are some of the sources where we can obtain partial

what are some of the sources where we can obtain partial probabilities of events for a certain investment problems

  What are the effects of the potential failure

What is the range of temperatures and What is the range of temperatures and what are the effects of the potential failure?

  Stratum weights for proportional allocation

A financial analyst is interested in estimating the average amount of a foreign loan by U.S. banks. Construct the Stratum weights for proportional allocation

  An insurance company believes that their policyholders fall

an insurance company believes that their policyholders fall into two demographic profiles a and b. the fraction of

  Estimate the percentage of female high school students

(a). Estimate the percentage of female high school students in the region who smoke, along with a 95% confidence interval.

  Definition of standard deviation

The standard deviation of is usually called the A. randomized standard error B. standard error of the sample C. standard error of the population D. standard error of the mean

  Construct interval estimates for the population

Construct the 90% and 95% interval estimates for the population mean weekly sales.

  What is the critical value for test grade results

fourth group was divided into small discussion groups. A high of 10 was possible. A sample of five tests was selected from each group. The test grade results were: At the 0.01 level, what is the critical value?

  In an integrative research review of an interventions

in an integrative research review of an interventions effectiveness which statement is true of an inclusion statement

  Compare proportions of subjects who consumed less vitamin a

The data shown in Table E6.15 are for 1500 women over 54 years of age. Test to compare the proportions of subjects who consumed less vitamin A (a150,500 IU/ month), cases versus controls; state clearly your null and alternative hypotheses and choi..

  What are the observational units in this study what is the

a student wants to assess whether her dog muffin tends to chase her blue ball more often than she chases her red ball.

  As the number of trails in a binomial distribution

an internal revenue oversight board survey found that 82 of taxpayers said that it was very important for the internal

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd