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Show the derivation of the individual demand function for a utility maximizer consumer and b) explain the common properties for the points on this function.
What is our decision regarding differences between observed and expected frequencies if critical value of chi-square is 9.488 and computed value is 6.079.
the time to failure of flourescent lights in a large office building is exponentially distributed with a failure rate
Roughly sketch distributions that correspond to each of the following parameters: a) median=20 , mean=20; b), median=10 , mean=20 ; c). median=20
An auditor for a large oil corporation has taken a random sample of monthly credit card charges for 32 individual (non-corporate) accounts.
Find the conditional probability that all the children will be boys, given that (i) the eldest child is a boy, (ii) at least 1 of the children is a boy.
Find the exact chance (i.e., not using a normal approximation) that he loses $400 or more over the course of the evening.
If 28% of the residents play poker and garden and 70% of the residents play both shuffleboard and poker, then find the probability that a resident plays poker, given that they garden.
How many more days should be included in the sample to be 95% sure the population mean μ is within $50 of the sample mean x?
It seems that simulation could handle any situation or study. But is that always true? Discuss instances in which a simulation would be important and useful, and then a situation in which a simulation would not be appropriate.
Why is Nixon referred to in your text as the "accidental liberal"? Is that a good or a bad label?
Consider the following sample data:x 12,18,20,22,25 y :15,20,25,22,27
In what way(s) is the data not stationary? Use transformations and/or differencing to make the series stationary. Include a time plot of the transformed and/or differenced data. If you chose a transformation, use this transformation for the remain..
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