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In a sample of 1000 US adults, 186 dine out more than once per week. Two US adults are selected at random from the population of all US adults without replacement. Assuming the sample is representative of all US adults complete parts a through d
a. Find the probabiity that both adults dine out more than once per week. Round to 3 places
b. Find the probability that neither adult dines out more than once per week. Round to 3 places
c. Find the probability that at least one of the two adults dines out more than once per week. round to 3.
Which of the events can be considered unusual?
What are the main advantages and disadvantages of the binary search algorithm, and why you use searching and sorting in a work environment?
Examine the characteristics of perfect competition. Think about the economic forces that lie behind the social attitudes and changes that have taken place in the labor market.
Compare and contrast the behaviour of the indicators for the United States with those for the Australian economy and which industry experienced the highest rate of growth in the twelve months March quarter 2013 - March quarter 2014?
Y : income, P2 : price of a substitute good for a 5 percent decrease in P2 find how much q1 changes ?
What is Avon's strategy? Good to look at class notes and the text! What should it be? The same? Something different? How can you show that your solution makes sense?
Based on the best available econometric estimates, the market elasticity of demand for your firm's product is -2. The marginal cost of producing the product is constant at $275, while average total cost at current production levels is $360.
Describe the balance that you currently seek between career and family life. Do you believe that the mindset of corporate America is conducive to the type of work and family arrangement that would suit you? Explain the major reasons why or why not..
Some of the factors that affect price of a commodity is inflation, Inflation Rate in the US is an example of macroeconomics concept.
the firms such as monopolies or those under imperfect competition sell different or "differentiated" products. They have to select the price which suits them best, presumably ones which maximize profits.
Sailright Inc. makes and sells sailboards. Management believes that the price elasticity of demand
if the policy interest rate is near zero what less conventional monetary policy tools might a central bank use to
What can you say about the relationship between marginal revenue and marginal cost for output rates below the profit-maximizing (or loss-minimizing) rate? For output rates above the profit- maximizing (or loss-minimizing) rate?
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