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For each of the following shapes, come up with at least 1 example of a quantity x (a random variable) whose histogram you expect to be approximately
(a) Bell-shaped (symmetric)
(b) Skewed (one way or the other)
(c) Exponential-looking
(d) Bimodal
Describe the quantity clearly, and explain in words why you expect the particular shape. If you have data to support your expectation, then go ahead and show the histogram. (For this problem, x may be continuous or discrete)
some games of strategy are cooperative. One example is deciding which side of the road to drive on. It doesn't matter which side it is, as long as everyone chooses the same side. Otherwise, everyone may get hurt. Is there a Nash equilibrium in this g..
Do the relative salaries of humanities professors and football coaches at major state universities reflect the relative value of football and humanities? Do they reflect the number of years that professors and coaches must spend acquiring an educatio..
Why is it important that prices are flexible in the economy? Do you think government should be involved in manipulating prices?
The GDP deflator in 2000 is 100. The GDP deflator in 2010 is 127. If real GDP in 2000 is $10 trillion and nominal GDP in 2010 is $14 trillion, how much has real GDP grown over that time period?
If the government wants to move the economy back to the full-employment level of output and the MPC is 0.9, then it should reduce taxes by?
The purpose of the assignment is to assess skills in critical thinking and communication, core objectives mandated by the State of Texas Quality of English
If the economy is experiencing a large recessionary gap, what dicretionary policy might the government use to get the economy out of the output gap?
Business its legal, ethical, and global environment 10th edition chapter 6 QP 2, page.204 what process must the CPSC follow to promulgate the rules? What do you think of the consumer group head's statement? Will that statement alone justify the rulem..
You compete with many firms offering similar products (monopolistic competition). An economic consulting firm has estimated the own-price elasticity for your most profitable product is -1.50. Your marginal cost is constant at $75 across most of your ..
Explain the difference between the Industry (external) view and the Resource (internal) view of sustainable competitive advantage. Make sure you explain Porter’s Five Forces model and the resources and capabilities emphasized by the Resource Based Vi..
Walt consumes strawberries and cream but only in the fixed ratio of three boxes of strawberries to two cartons of cream. At any other ratio, the excess goods are totally useless to him. The cost of a box of strawberries is $10 and the cost of a ca..
It is important to understand market needs to ensure that the market mix—including product, price, promotion, and place (distribution)—meets market needs. This task is difficult in a domestic setting, but global marketing adds many new dimensions to ..
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