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1. Our theory depends on being given the population standard deviation. This number is normally not available. Speculate on what we should do.
2. The effect of the size n of samples on the standard error of the sampling distributions.
3. How does the sample size affect the width of the confidence interval? Give the reason why you think should be the case. Does it fit with your intuition? How does the size of the standard deviation affect the width of the confidence interval?
4. We have differentiated between the two methods, one with standard deviation of the population known and one where it is unknown. Sometimes they are differentiated by the method for large samples and the method for small samples. Why do you think this does or does not make sense?
5. When would you use hypothesis testing and when would you use confidence intervals?6. A news articles on surveys and polling's, there usually is a statement on the margin of error. This is another term for the significance level. Describe one that you have seen either on TV or in newspapers and/or magazines.https://www.gallup.com/poll/158519/romney-obama-gallup-final-election-survey.aspx
Criticize the classical theory that higher government spending will necessarily crowd out private spending.
You are a business owner firm that manufactures a specialized product in the United States. While developing a 5-year strategic growth plan, you have decided to investigate the benefits and disadvantages of expanding internationally.
The market demand for foam fingers is given by by D(p) = 520 ' 20p, where p is the market price of fingers. How many fingers are consumed at the long-run equilibrium price? How many firms will be in this market in the long run?
The total monthly cost for marketing this product is composed of $3000 additional administrative expenses and $50 each unit for production and distribution costs.
Show graphically the effect of Canadian strikes on the market for nickel. Given the information above, what's the price elasticity of the world demand for nickel over the relevant price range?
The demand function for a certain make of ink-jet cartridge is the following where p is the unit price in dollars and x is the quantity demanded each week, measured in units of a thousand.
What is the difference between economies of scale and economies of scope? What is the difference between economies of scale and learning effects?
How did America come to view the roles of women, minorities, and its own sense of economic and political destiny?
Suppose you have been employed by FIFA to recommend on the pricing of tickets for the World Cup Final on 11th July 2010 to be played at Soccer City Johannesburg,
The project is long-term; therefore, it will take years for the company to complete the project and begin receiving cash flows.
What seems to be the main source of conflict between supervisors, employees, and the HR department?
managerial economics and quantitative analysis question 1after two quarters of increasing levels of production the ceo
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