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A teacher wants to know the favorite newspaper among his students. The list of target population is as follows:
Name Sex Age Favorite Newspaper
Allan M 13 MP Daily
Billy M 16 OD News
Candy F 17 A Daily
David M 16 MP Daily
Eddie M 11 SCM Post
Fiona F 17 ST Daily
Grace F 17 ST Daily
Henry M 18 MP Daily
Irene F 18 OD News
James M 12 ST Daily
The random numbers used in selecting the sample are: 2, 9, 5, 2, 3, 8, ...
(a) Select a simple random sample of size 5, and find the average age in this sample.
(b) Select a stratified sample by sex of size 5. For each stratum, use the same set of random numbers to find the most favorite newspaper.
(c) If a systematic sample of size 3 is required and the first person chosen is Candy, list the other two students in the sample. Briefly describe how the students are selected.
Which of the following will increase (shift) the demand curve for white flour, an "inferior" good?
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The slope of the total product curve measures. The Law of Diminishing Returns to a variable input (such as labor) assumes that. The ratio of total productivity to the total quantity of a variable input being used in production is
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Patrice owns a travel agency. Her accountant most likely includes which of the following costs on her financial statements?
Suppose that your parents are deciding where to hide your (insert non-offensive, not religiously affiliated holiday here) presents while you’re trying to decide where to look for them. The payoff to your parents from successfully hiding your presents..
Illustrate what are the most important determinants of the demand function that a firm faces for the commodity it sells.
Smith and Jones are stranded on a desert island. Each has in her possession some slices of ham (H) and cheese (C). Smith prefers to consume ham and cheese in the fixed proportions of 2 slices of cheese to each slice of ham. Draw the Edgeworth Box dia..
How can free market features can be introduced to help alleviate unaffordable rental costs through free market operations of supply and demand?
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