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(a) How many capsules should a box of amoxicillin antibiotic contain? Medical research claims that 8 days of treatment with 3 tablets each day should be sufficient to kill all pathogenic bacteria. Suppose a random sample of 100 patients revealed that 10 of them have experienced relapses (i.e., not all bacteria killed and disease returned). If the alternative hypothesis is that more than 24 tablets would be required to kill all the bacteria, should the null hypothesis be rejected at α = 0.05?
(b) A manager of a firm wanted to determine if the mean daily car rental rates in Sydney is higher than that of Melbourne. He conducted a survey of 15 car rental companies in Sydney and found a sample mean of $89 and a sample standard deviation of $13. Similar survey of 12 car rental companies in Melbourne yielded a sample mean of $76 and sample standard deviation of $19. Use α = 0.01 to test whether the average daily car rental rates in Sydney is significantly higher than that in Melbourne. Assume car rental rates are normally distributed and the population variances are equal.
need help on writing essay and case studies. essay must be 75 words or more and case studies must be 150 or
Write the economic analysis section of a business proposal. This will include statements about the market structure and the elasticity of demand for the good or service, based on text book principles.
questiona consider the following production possibilities frontier data in the table below.nbspabcdefcapital
Discuss the impact of long-term economic growth
Problem - Brenda Smith operates her own farm, raising chickens and producing eggs. What is Brenda's break-even price for a dozen of eggs
What is the value of consumer expenditure on smart phones given this initial information? What is the value of consumer surplus in the market for smart phones
Presume that Kim K decides to spend $30,000 on an American made purse instead of donating it to Haitian earthquake relief. Suppose that the multiplier is 1.2. How much will GDP rise when Kim K buys her purse according to the multiplier effect?
Create a start-up business to produce a specific product (a good or service). A three to five (3-5) page written research paper on the start- up business, the product and the market structure of the industry is required.
Originally the consumer faces the budget constraint p1x1+p2x2=m, then the price of good 1 doubles, the price of godd 2 becomes 8 times larger and income becomes 4 times larger. what are the effects of the changes on the budget line.
Firms can shift their marginal cost curves to the right, resulting in higher outputs at the same or lower maximum-profit prices. This can be done by
The total variable cost of unit 3 is $165.00 while that of unit 6 is $522.50;The average total cost of unit 5 is $99.00, while the average variable cost of unit 4 is $55.00; The total cost of unit 1 is $247.50 while the total cost of unit 2 is $308.0..
The Metal Company produces brass fittings for one cent a piece. Their production function is q = 500 . E^2 . K^3 , where q, E, and K are the numbers of fittings, workers, and machines, respectively. Calculate The long-run optimal amounts of workers..
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