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Among American women aged 20 to 29 years, 10% are less than 60.8 inches tall, 80% are between 60.8 and 67.6 inches tall, and 10% are more than 67.6 inches tall.17 Assuming that the height distribution can ade- quately be approximated by a normal curve, find the mean and standard deviation of the distribution.
Market research indicates that you can sell 40 000 tickets for the Sundowns-Pirates clash atR10 each, or 30 000 tickets at R20 each. Which option would you choose? What is the priceelasticity of the demand for tickets for this particular game?
If we decide to give the supplier a given dollar amount per vaccination supplied in order to reduce price and therefore increase the number of vaccinations to the social optimum, what would be the dollar value of that per-unit subsidy?
Market research at Apple Corporation has shown that the demand function for its new iPhone is as follows: QA = 3 - 0.02PA + 0.0002I + 0.01PS where QA is the quantity demanded (in thousands) of iPhones, PA is the price of an iPh..
When the colts won the super bowl the demand for peyton manning's jersey was: P = 210 - 0.002Q with a corresponding marginal revenue of: MR = 210 - 0.0004Q IF the marginal cost of producing a jersey is $10, how much are the trademark licensing rig..
Compute the price and income elasticity of gasoline demand. Interpret the coefficient on the interaction term before fitting a regression model.
The demand function for VCRs has been estimated to be Q_v=134-1.07P_t+46P_m-2.1P_v-5M , where Q_v is the quantity of VCRs, P_t is the price of a videocassette, P_m is the price of a movie, P_v is the price of a VCR, and M is income.
What is the relationship between Ybar and myuY?explain in details
This year they reported to the board of directors that there was a material weakness in Nordtek's safeguarding of inventory because the storerooms were unlocked and there were no checks on those who entered or left the premises.
How much is added to the firm's total revenue if the firm hires the 4th worker What is the economic term for this number If the market equilibrium wage rate is $8, how many workers will the firm choose to employ Hint: what is the marginal revenue p..
A machine has an initial cost of $500,000, and was estimated to have a salvage value of $30,000 at the end of its 7 years useful life. The machine is expected to generate annual net savings of $125,000. A loan of $200,000 at 7% interest will help ..
Will the total revenue on any day be normally distributed
Discuss why each regression specification appears to be unsatisfactory. Explain why it was not possible to perform a common factor test.
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