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An ice cream vendor sells three flavors: chocolate, strawberry and vanilla. 45% of the sales are chocolate, while 30% are strawberry, with the rest vanilla flavor. Sales are by the cone or the cup. The percentages of cone sales for chocolate, strawberry and vanilla are 75%, 60% and 40%, respectively. For a randomly selected sale, define the following events:
A1-chocolate chosen
A2-strawberry chosen
A3-vanilla chosen
B-ice cream in a cone
B1-ice cream in a cup
Find the the probability that the ice cream was sold in a cup and was strawberry flavor.
A photon of frequency 8.2x10^15 Hz is incident upon a photoelectric apparatus containing a metal whose threshold frequency is 3.6 x10^15 Hz.
What types of economic policy would you recommend to reduce the U.S. debt? Why?
Are today's loan officers and insurance agents racist? Or is the way that they calculate risk colored by race? What, according to Gregory Squires, is the mortgage gap? How do lenders, insurers, and providers of financial services benefit by denying m..
The firm’s constant marginal cost of production is, c = 50. The firm may charge an access fee and per unit price (that the consumers can choose not to pay). What are the profit maximizing access fee and price?
Provide an example of a specific industry that you believe fits the model also elucidate your rationale.
An "increase in the quantity demanded" means that a. the demand curve has shifted to the right
Past sales show that when a scanner is priced at $175, the quantity demanded is 350 units per week. For each $5 drop in price below $175, the quantity demanded rises by 50 units per week. The manufacturer will not market any of the devices if the pri..
BT&T Corporation manufactures telephones. Recently, the company produced a batch of 600 defective telephones at a cost of $9,000. BT&T can sell these telephones as scrap for $9 each. It can also rework the entire batch at a cost of $6,500, after whic..
Who benefits from a weaker dollar? Who loses? Will this affect the dollar's status as a world reserve currency? If so, what are the consequences of this?
With everything else being equal, if the price level in the USA increases relative to foreign countries, then which of the following happens? If the real exchange rate between the USA and Japan is 0.35 then it means. If foreign countries increase the..
Expansionary monetary policy by the foreign country will lead to a ______________ of the home currency, while expansionary monetary policy in the home country will lead to a ____________ of the home currency.
The health care consulting group where you are employed has secured a contract with a health insurance company. One of the key challenges confronting the health insurance company is a lack of understanding of their subscriber base. Part of the scope ..
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