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The lifetime of transistors in an electronic equipment is exponentially distributed with mean of 5 months.
(a) Find the probability that a randomly chosen transistor will last longer than 6 months.
(b) If a transistor has been operating for 5 months, what is the probability that it will last an additional 4 months?
(c) Find the median lifetime of these transistors? Hint: Median implies, set CDF = 0.5 and find x.
(d) If an equipment contains 10 transistors that operate independently, what is the probability that at least 3 of these transistors will last longer than 6 months?
While Theodore Roosevelt called his 1912 campaign platform the "New Nationalism," Woodrow Wilson called his campaign platform the "New Freedom." Explain why they chose these titles and how they capture the differences between their solutions for the ..
Several big companies offer employees time off during the workday to attend seminars on how to improve their health. Some even give bonuses to people who show that they are adopting healthy lifestyles through,
Suppose two goods, X and Y, are perfect complements. A consumer has $60 to spend. Initially, the price of each good is $2. If the price of good X falls to $1, how much of the total change in quantity demanded is due to the income effect?
Congress could impose a specific tariff or persuade foreign producers of agricultural equipment to agree to a voluntary export restraint agreement.
Firms in the long-run do not experience diminishing marginal returns. Then why do some industries have upward-sloping long-run supply curves?
Under the cost minimization rule, when will a firm employ only human labor? Why does the cost minimization rule suggest that it is unlikely a firm actually would replace human labor entirely with robotic inputs?
The initial cost of a piece of equipment is $10,000, and it has a salvage value at the end of its 10 year life of $1,000. Maintenance cost is estimated to be $500 the first year and increase $50 per year to the end of its 10 year life. If the company..
If you borrowed $24,000 today and you have to pay them back in five equal payments over 10 years (one payment every 2 years). With 8% interest rate compounded annually, what is the amount of each payment? (C=?). Please do not use the chart method. Us..
In the "impact of interest rates" example, a 5% interest rate difference result in how much extra interest paid when making only a required minimum monthly
Marketers of entrenched brands like Nike, Pepsi, and Levi Strauss are tearing their hair out over Gen Y consumers. Image-building campaigns (e.g., 50 Cent endorsing Reebok) are not as effective as they once were. What advice would you give to a marke..
If the face value of a 10% coupon bond is $10,000, what is the yearly coupon payment? If the yield to maturity of the above coupon bond is 8% and has 10 years to maturity, what is the present value of the coupon bond?
Discuss the factors bearing on the observed earnings gap between median levels of pay for the 60 - 80th percentile of earners (or 4th 'quintile').
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