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A bank gets an average of 12 customers per hour assume the variable follows a poisson distribution. Find the probability that there will be 8 customers at this bank in one hour. ( That is, find P(X=8)) round answer to 4 decimals
In August 1990, many countries decided to retaliate against Iraq for its invasion of Kuwait by refusing to trade with Iraq (except in food and humanitarian good
The prices of petroleum products in the world market are constantly in the news and associated with them is the falling gasoline prices in the United States. In an essay, discuss the factors that are affecting the market for gasoline.
Explain what will happen to price, the marginal cost of rice, and the quantity produced if the government sets a production quota of 2000 bags a week.
1. How can the high unemployment hurt the growth of the GDP. Is the U.S. economy primarily driven by consumers or businesses? Why?. Let's look at the "crowding out effect". Please explain and define the crowding out effect,
You are an economist who wants to know how risk of on-the-job injury affects peoples' wages. Studying construction workers.
The manager at Sherwin -Williams store has decided to purchase a new $30,000 paint-mixing with hi-tech instrumentation for matching color and other components. The machine may be paid for in one of two ways:
Explain the impact the theory of consumer choice has on Higher wages in your presentation. The Condorcet Paradox and Arrow's Impossibility Theorem in the political economy.
What is the dominant strategy for Warner Brothers and what is the dominant strategy for Disney?
Assume you're the manager of Alpha Enterprises, a firm that holds the patent that makes it the exclusive manufacturer of bubble memory chips. Based on the estimates provided by the consultant
Analysis of the microeconomic environment of your selected firm - Assessment of ethical and regulatory considerations.
IF y= 2+0.28X1 + 43.8X2.Is the equation for a simple linear equation or a multiple linear equation. If the statistical t-value for the second regression coefficient is 9.80, is the coefficient statistically valid at the 95% confidence level? Why or w..
Haircutters at salons often own their own scissors and blow dryers. Is your explanation for this phenomenon the same as your explanation of why taxicabs.
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