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In a population Y=100 and Y=43. Use the central limit theorem to answer the following questions
a. In a random sample of size n=100, find P(Y< or = 7.78)
a. In a random sample of size n=165, find P(Y> or = 98).
c. In a random sample of size n=64, find P(101< or = Y< or = 103)
Suppose that the inverse demand function for renting a beach-front property in Ocean City, New Jersey, during the first weel of August is p=1,000 - Q + Y/20, where Y is the median annual income of the people involved in this market, Q is quantity,..
The price earnings ratio for each stock is determined through dividing the value of a share of stock by the earnings per share reported by the firm for the most recent 4-quarters.
In the name of Simon Kuznets is the concept that the relationship in GDP and inequality is nonlinear. Kuznets hypothesized three phases in economic development.
The following table is the pay off matrix for zero sum game. Estimate the each players dominated strategy of the following zero sum game?
Tennessee just instituted a state lottery. The initial jackpot is $100,000. If the first week yields no winners, the next week's jackpot goes up, depending on the numbers of previous players who placed the lottery bets
Suppose that you have just been employed as a consultant to help a company decide which of 3-options to take to maximize the value of the company over the next three years.
An Economics section at a large university keeps track of its majors beginning salaries. We address the question of the value of taking econometrics
What is the effect of the age of the house on its price and calculate the goodness of fit of the equation and What is the interpretation of the coefficient on CA?
The following table gives the joint probability distribution between employment status and college graduation among those either employed or looking for work (unemployed) in the working age U.S. population for 2008.
If two people have cardinal utility functions, person1 is Utility = XY and person2 is Utility = (XY)^1/3 which bundle would they find to be best Bundle 1: Has an indifference curve of Y = 1/X
There are six companies in the industry. Assume their sales in the year 2006 are as follows, Determine the concentration ratio in the industry
The following statement was released through FOMC following recent meeting on March 21. The Group, although hopeful for a future of moderate growth with moderating inflation,
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