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Assume the population is normally distributed. Construct 90% confidence interval to estimate the population variance, if the sample variance is 17 and sample size is 22.
a) Enter the lower bound of the confidence interval. (Round to three decimal places).b) Enter the upper bound of the confidence interval. (Round to three decimal places).
Why would unemployment also job rationing the consequences of setting a minimum wage of 2 dollar every hour in this marketplace
Suppose the weekly demand for garden benches is Qd = D(P ) = 450 − 2P. What price must they charge if they want to sell 100 benches per week? What price must they charge if they want to sell 150 benches per week? What is Noah and Naomi’s inverse dema..
What are the most important religious themes and people that Islam, Judaism, and Christianity have in common? Describe and discuss issues of current concern for Muslims around the world, and the relationship between various schools of Muslim thought.
You are an assistant in a storefront legal office, a summer employee planning to enter law school in the fall. You are assigned to do the initial interview of a new walk-in client. One way that your office stays in business is on its share of just su..
What is the practical significance of income elasticity coefficients? Explain the significance using as examples an income elasticity of 3.0 for automobiles and an income elasticity of 0.20 for home-cooked meals.
What’s the difference between how a Keynesian economist would sketch an AS curve and a Phillips curve, and how a neoclassical economist would sketch an AS curve and a Phillips curve? How is the shape of the different AS curves linked to the different..
Recently, a bank was trying to decide what fee to charge for "expedited payments"—payments that the bank would transmit at a faster speed to enable customers to avoid late fees on cable TV bills, electric bills, and the like. nalyze how does the bank..
q.social regulation is undertaken with the intention of improving the quality of life. the agencies most people are
Suppose the demand curve for UK basketball tickets is perfectly elastic but the supply curve for UK basketball tickets is not perfectly elastic or perfectly inelastic. If the equilibrium price of UK basketball tickets is initially $2, a downsizing of..
Maria has decided to always spend one-third of her income on clothing.
Sam promises to pay Sandy $2,000 in four years and another $3,000 four years later for a loan of $2,000 from Sandy today. What is the interest rate that Sandy is getting? Assume interest is compounded monthly.
Explain the pros and cons of using a change in the tax rate to achieve the desired increase in output. Be sure to thoroughly elucidate how the change will affect equilibrium prices, output, and unemployment.
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