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You are given the dataset representing the monthly salaries from a sample of thirty (30) Data Scientists. You wish to find the actual average salary that a data scientist would earn. However it would be impractical to gather all the data scientist in the world to get their salary information. Hence, you settle with analyzing the sample. The population standard deviation is known to be P 15,000.
Suppose that there are two commodities and a consumer prefers more to less of each good. If the consumer has transitive preferences, can her indifference curves cross?
1. Identify all the cultural and social norms in South Korea when it comes to gender, both in workplace and outside of work place.
Suppose the Fed buys 3 treasury bonds from the public. The people who sold these bonds keep all their money in checking accounts. Each bond is worth $1000 (so the Fed has bought $3000 worth of bonds). Suppose further that the required reserve ratio i..
Consider two ways to protect your car from theft. The Club ( a steering wheel lock) makes it difficult for a car thief to take your car. Lojack (a tracking system) makes it easier for the police to catch the car theif who has stolen it. Which of the ..
Consider the market for carbonated water and suppose that demand is given by D(p) = 100 – 5p There are only two firms producing carbonated water, each with the same constant unit cost c = 2. What are the equilibrium prices and quantities if the firms..
the probability of damage between $10,000 and $25,000 to be.12 If the company wants to make a profit of $200 above the expected cots, what should be the price of the policy?
Use the increasing cost or bowed outward production possibility frontier to explain why the sudden imposition of a national military draft in a nation with large numbers of college students would be politically unpopular. Would a voluntary, professio..
Suppose in the beer market the price is originally $3 per 6-pack (on Wednesday). When the price rises to $6 (on Friday), the quantity demanded for beer falls from 200 6-packs to 60 6-packs. Calculate the arc price elasticity of demand for six packs o..
Alternative route 2: average travel time is 18 minutes(no matter how many cars are using it) How many cars will take route 1? How many cars should take route 1?
There are 300 purely competitive farms in local dairy market. Of the 300 dairy farms, 297 have a cost structure that generates profits of $24 for every $300 invested. What is their percentage rate of return? The other two dairies have a cost that gen..
List the possible strategies for Card Bank and for Joanna. Find all pure-strategy Nash equilibria of this game.
Select a country of your liking (except the United States), and identify its key resources and major exports and imports. Decide whether the country’s trade pattern supports the Heckscher-Ohlin Theorem. Provide evidence to your findings. Make sure to..
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