Find the maximum and minimum prices of the cars

Assignment Help Econometrics
Reference no: EM13233314

Reading Improvement Program to helpstudents improve their reading, a school district decides toimplement a reading program. It is to be administered to the bottom5% of the students in the district, based on the scores on areading achievement exam. If the average score for the students inthe district is 122.6, find the cutoff score that will make astudent eligible for the program. The standard deviation is 18.Assume the variable is normally distributed.


Used Car Prices an automobiledealer finds that the average price of a previously owned vehicleis $8256. He decides to sell cars that will appeal to the middle60% of the market in terms of price. Find the maximum and minimum prices of the cars the dealer will sell. The standard deviation is$1150, and the variable is normally distributed.

High School Competency Test amandatory competency test for high school sophomores has a normaldistribution with a mean of 400 and a standard deviation of100.

a) The top 3% of students receive $500. What is the minimum score you would need to receive this award?

b) The bottom 1.5% of students must go to summerschool. What is the minimum score you would need to stay out of this group?

Cost of Groceries If aone-person household spends an average of $40 per week ongroceries; find the maximum and minimum dollar amounts spent perweek for the middle 50% of one-person households. Assume that thestandard deviation is $5 and the variable is normallydistributed.

Security Officer Stress Tolerance to qualify for security officers' training, recruits istested for stress tolerance. The scores are normally distributed,with a mean of 62 and a standard deviation of 8. If only the top15% of recruits are selected, find the cutoff score.

Reference no: EM13233314

Questions Cloud

Review of available dc circuit breaker technology : Review of available DC circuit breaker technology for EV applications. Limitation and their principle of operation and implementation of a simulation model of the selected DC circuit breaker.
Determine the speed of the first ball after the collision : A 2.0 kg ball moving with a speed of 3.0 m/s hits, elastically, an identical stationary ball as shown. If the first ball moves away with angle 30° to the original path
How was hitler involved in army affairs : How was Hitler involved in army affairs during operation Barbarossa and the Battle of Stalingrad?
Identify and discuss five differences between service : Identify and discuss five differences between service and manufacturing organizations.
Find the maximum and minimum prices of the cars : Used Car Prices an automobiledealer finds that the average price of a previously owned vehicleis $8256. He decides to sell cars that will appeal to the middle60% of the market in terms of price. Find the maximum and minimumprices of the cars the..
Important in the election : Many European countries have had elections over the past year, including Britain, Belgium, the Netherlands, etc…Choose an election that has occurred in the past 2 years.
Compute the expectation value for the kinetic energy : Calculate the expectation value for the kinetic energy of the H atom with the electron in 2s orbital. Compare your result with total energy
Identify three human resource practices : Identify three human resource practices that can impede customer service employees from delivering high quality service. Describe how you would modify each practice to promote high quality service.
The set binary divisible by 4 when interpreted as an integer : The set of binary strings which are divisible by 4 when interpreted as an integer value

Reviews

Write a Review

Econometrics Questions & Answers

  Determine the value of m1 and m2 multipliers

If the ratio of currency to transaction deposits is 2, the ratio of nontransaction deposits to transaction deposits is 5, the ratio of retail money-market funds to transactions deposits is 1, the ratio of required reserves to transactions deposits..

  Efficiency difference in government bureaus and private firm

How do the government bureaus different from private companies discuss why is there good reason to believe that bureaucrats will seek to supply more than efficient level of their output in any year?

  Describe the compounding scheme used by the bank

A local bank advertised the following information: interest 6.89% - effective annual yield 7.128% . no mention was made of the interest period on the advertisement. Can you figure out the compounding scheme used by the bank

  What price do you expect to prevail in the widget market

A local widgets firm hires you to analyze their cost structure. The firm's industry is nearly perfectly competitive in all requisite characteristics. The company has given you the short run cost functions from existing data: TC=800 +60Q-4.5Q^2+.15Q..

  What is the equivalent present worth for the investment

A $90,000 investment is made. Over a 5 year period, a return of $30,000 occures at the end of the first year. Each successive year yields a return that is 10 percent less than the previous year's return. If money is worth 5 percent.

  What is the best optimal strategy for each firm

(a) indicate the best strategy for each firm. The strategies for firm A are low price and high price and the strategies for firm B are enter and don't enter. What is the best (optimal) strategy for each firm

  Calculate the output of each firm

A duopoly faces a market demand of p=120-q. Firm 1 has a constant marginal cost of MC1=20. Firm 2's constant marginal cost is MC2=40. Calculate the output of each firm, market output, and price if there is a Stackelberg equilibrium with firm 1 as t..

  How test statistic can be computed from two regressions

State what is its distribution under the null and why and explain the conditions under which you would reject H0

  Determine the total cost is the sum of the two costs

Historical records show that 70 structures with 800 square feet of floor space and 8 foot ceilings were produced in 1999.Then the materials cost for each structure was $25,000 and the cost capacity factor is 0.65. Cost index values for 1999 and 20..

  By what percentage would your real income increase

If your nominal income rose by 5.30 percent and the price level rose by 4.30 percent in some year, by what percentage would your real income (approximately) increase If your nominal income rose by 2.80 percent and your real income rose by 1.00 perc..

  What level of output maximizes the firms profits

Complete the chart below for a firm that is operating under conditions of perfect competition where the market price is $22. What level of output maximizes the firm's profits Quantity -21,22,23,24 Price Total Revenue Marginal Revenue

  Compute the value of the equilibrium real rate of interest

Yo=1200 Y=C+I+G C=130+.5(Y-T) I=(-400)-(10R) G=150 T=50 1. Compute private savings 2. Compute public savings 3. Compute the value of the equilibrium real rate of interest (R) 4. Suppose G rises from 150 to 200. What is new R?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd