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University bookstores order books that instructors adopt for the courses. The number of copies order matches the projected the demand. However, at the end of the semester the bookstore has too many copies on hand and must return them to the publisher. THe bookstore has a policy that the proportion of books returned should be kept as small as possible. the average is supposed to be less Than 10% . To see whether the policy is working, a random sample of 30 book titles was drawn and the fraction of the total originally ordered that are returned Is recorded. The sample mean is 8.1% and the sample standard deviation is 3.7%. Find the P-value for that this hypothesis test.
Ha :y < 10%
Round p-values to four decimals and include the leading zero.
An agricultural firm has a production function (products of the whole year) given by q = 500 SQRT(SF). q is output of agricultural products in pounds. S is land area in square feet. F is number of farmers working. Find the best way to produce 10000 p..
Explain carefully why interest rates on each of the following short-term financial instruments will be closely tied to the level federal funds rate: short-term bank CDs, short-term Treasury bills, short-term commercial paper. Why is the yield on shor..
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Develop a minimum 1,050-word analysis of the international economy in which you do the following:
What impact is increased internet banking likely to have on the demand for cash money? Be specific and detailed in your answer.
Suppose the President gets Congress to pass legislation that encourages investment in research and the development of new technologies. Assuming this policy leads to a positive productivity change for the U.S. economy, use aggregate demand and supply..
The basic idea of Schumpeterian Business Cycles is that new technologies require creative destruction but will yield positive growth. These two opposing forces have impacts onto the real economy at different times, which will create fluctuations arou..
Draw a Production Possibility Frontier for the production of hamburgers and milkshakes at a hamburger restaurant.
Three arguments used to promote trade barriers are the national security argument, the infant-industry argument, and the dumping argument. Explain each of these arguments and evaluate whether each one has any flaws
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