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1. Using supply and demand curves explain how a cyclone would affect the price and quantity of bananas in the very short run?
2. If bananas were called luxuries. Do you think that this is strictly true in economic terms? If bananas were luxuries what would this mean for the supply and demand curves?
1.last week john quinn sat back in a chair with his feet on his deck and nodded at his wife kate. they had just
A car dealership has 8 red,11 silver, and 4black cars on the lot. Ten cars are randomly chosen to be displayed in front of the dealers
Refer to Exercise 6.26 (page 371). In addition to the computer computing mpg, the driver also recorded the mpg by dividing the miles driven by the number of gallons at each ?ll-up.
The margin of error for a sample size 25 is +-3. Will the margin of error be greater or less if the sample size is 400? What is the new margin of error?
You are one space short of winning a child's board game and must roll a 1 dice to claim victory. You want to know how many rolls it might take. Describe how you would simulate rolling the dice until you get 1.
Construct a decision tree for this problem and evaluate the likely financial consequences for the company of its situation.
Refer to the probability distribution for the sum of two dice. What is the value of P(X ≤ 4)? What does this probability measure? Explain what is measured by the value of 1 - P(X ≤ 4).
Seventy-five percent of households say they woud feel secure if they had $50,000 in savings. You randomly select 8 households and ask them if they would feel secure if they had $50,000 in savings.
Repeat Exercise 19 for the group of men who were given the fish oil diet and then answer these questions: Is there any evidence that the mean reduction for this group is different from zero? What is the typical reduction in blood pressure expected..
Find and interpret a 99% confidence interval for the proportion of all U.S. adults who are thriving (based on this definition).Is it reasonable to conclude that the majority of all U.S. adults are thriving? Why or why not?
Determine the probability of having more than 3 defects in a roll?
Suppose that the value of p81 increases by 10% while all other mortality rates remain unchanged. What is the new present value of the contract?
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