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A study of long-distance phone calls made from General Electric's corporate headquar- ters in Fairfield, Connecticut, revealed the length of the calls, in minutes, follows the nor- mal probability distribution. The mean length of time per call was 4.2 minutes and the standard deviation was 0.60 minutes. a. What fraction of the calls last between 4.2 and 5 minutes? b. What fraction of the calls last more than 5 minutes? c. What fraction of the calls last between 5 and 6 minutes? d. What fraction of the calls last between 4 and 6 minutes? e. As part of her report to the president, the director of communications would like to report the length of the longest (in duration) 4% of the calls. What is this time?
The federal tax code allows businesses but not individuals to deduct the cost of health insurance premiums from their taxable income. Consider a company named HeadBook that could either spend $5,000 on an insurance policy for an employee named Vaness..
Find one video or cartoon example of one of these fallacies on the Web. The example must take the form of a video/cartoon (check out YouTube, for instance, or search for the fallacies in cartoon banks). The Cartoon Network, Family Guy, Stephen Colber..
1. Identify the threats posed to information and network security, as well as the common attacks associated with those threats
What are the different streams of Economics and what are each of their's characteristics?
Insurers want to understand the Bay Area market for pediatric physician primary care services, to help decide the appropriate reimbursement rate for a pediatric primary care visit. Let the demand for pediatric visits be Q = 240 – P, and let the suppl..
Assume a perfectly competitive firm is producing 300 units of output, P = $10, ATC of the 300th unit is $8, marginal cost of the 300th unit = $10, and AVC of the 300th unit = $6. Based on this information, the firm is:
A firm’s short run total cost STC=4+q+q^2. It is a price taker. What is its short run average cost function SAC? Marginal cost function SMC? Draw them in one graph. How many should it produce if P=6? What is the profit? How many should it produce if ..
A monopoly firm faces an (inverse) demand curve of P = 196 – 28Q^0.5 + Q and has a constant marginal (and average) cost curve of 49. If the firm can perfectly price discriminate, what are its profits; what are the consumer surplus, producer surplus a..
Which car should Mary Clare buy at graduation 3 years from now, assuming everything but purchase price is equivalent?
What are the long-term ramifications of practice, both on supply and demand in general - How should supply chain and logistics management respond to this practice long-term?
Player 1 (the “hider”) and player 2 (the “seeker”) play the following game. There are four boxes with lids, arranged in a straight line. For convenience, the boxes are labeled A, B, C, and D. The administrator of the game gives player 1 a $100 bill, ..
Do you care whether a 15cent tax per gallon of milk is collected from milk producers or from consumers at the? store? ? Why? do not care how the tax is applied because the? after-tax price will be the same.
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