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Imperfect Markets
a. Explain how the existence of imperfect markets has led to the establishment of subsidiaries in foreign markets.
b. If perfect markets existed, would wages, prices, and interest rates among countries be more similar or less similar than under conditions of imperfect markets? Why?
1. the sample size necessary for a 90 confidence interval to keep the maximum error to within 12 of a standard
Show all work, including justification for using the approximate model to find this probability. You may upload a picture as part of your supporting work if you wish.
1. a survey was conducted to measure the height of ment. in the survey respondents were grouped by age. in the 20-29
Although the phenomnenon is not well understood, it appears that people born during the winter months are slightly more likely to develop schizophrenia than people born at other times.
The following data are salaries of seven randomly chosen managers of furniture-making ?rms and eight randomly chosen managers of paper product ?rms. The data are in thousands of dollars per year.
Assume that replacement time for TVs are normally distributed with a mean of 8.2 years and a standard deviation of 1.1 years. The probability a randomly selected TV will have replacement time less than 5.5 years to be .0071.
the average score for 49 teenage boys playing a certain computer game was 75000 points per player. if the standard
it is generally believed that electrical problems affect about 14 of new cars. an automobile mechanic conducts
Capital punishment law is among the most complex bodies of law in the US. As a result of frequent errors, the Trial Judges Assn. has developed a special training course to try to cut down on the errors.
The probability that the speed will be more than 70 words per minute is 0.15. Find the mean and the standard deviation of typing speed.
an airline is interested in determining the proportion of its customers who are flying for reasons of business. if the
In the science exhibit of a museum of natural history, a coin-flipping machine tosses a silver dollar into the air and tallies the outcome on a counting device. What are all of the respective possible outcomes in any three consecutive coin tosses?
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