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Geographers use remote sens- ing data from satellite pictures to identify urban land-cover as either grassland, commercial, or res- idential. In Geographical Analysis (October 2006), researchers from Arizona State, Florida State, and Louisiana State Universities collaborated on a new method for analyzing remote sensing data. A satellite photograph of an urban area was dividedinto 4 × 4 meter areas (called pixels). Of interest is a numerical measure of the distribution of gapsor hole sizes in the pixel, called lacunarity. The mean and standard deviation of the lacunarity measurements for a sample of 100 pixels randomly selected from a specific urban area are 225 and 20, respectively. It is known that the mean lacunarity measurement for all grassland pixels is 220. Do the data suggest that the area sampled is grassland?Test at a = .01.
Suppose the government increases the retirement age to 75. Thatis, workers will not be eligible for full retirement benefits untilthey are 75. What effect will this have on aggregate supply
The cost-versus-performance curves are exponential. Do you think this is representative of reality?
suppose two types of consumers exist, a more affluent group (1) with an estimated price elasticity for biscuits of -2 and a less affluent (2) with an estimated price elasticity for biscuits of -2.5. Pillsbury puts a posted price of a particular amoun..
Suppose the firm increases its wage to $47. What is the average productivity of its workforce? On average, what is the firm s profit per worker?
It has been hypothesized that overall success for college freshmen as measured by grade point average (GPA) is a function of IQ scores (X1), hours spent studying each week (X2), and one's high school average (X3). Suppose the regression equation i..
Summarize the general idea of Bayesian model averaging. When would this method be preferred to choosing one of the alternative models?
Supposed a firm faces an inverse demand function of p(y)=20-y and a total cost function of c(y) = a + y^2 What would be the economic interpretation of the variable a
Suppose that the velocity of money is not constant but is growing at 1% per year. Real GDP is growing by 5% per year. If the central bank wants to reduce the rate of inflation to 3%, what must be the new rate of money growth? If the real rate if r..
hurricane delayed the cash inflows that the managers of firm metro expected from a project that being built and
The firm initially produces and sells 100 units of output. If the price elasticity of demand for the firm s product is 2.0, how will featherbedding affect the firm s total demand for labor?
Approximately how much of the budget in Belgium is devoted to interest payments on its debt? If Belgium could wipe out its debt overnight, what would happen to its current budget deficit?
The human resource manager of the XYZ Company makes the followingclaim: "Our workers make an average of $500 per week. Weproduce $8000 worth of output each week using only 10 workers.
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