How you would select a random sample of three regular motels

Assignment Help Econometrics
Reference no: EM13200988

There are 25 motels. The number of rooms in each motel follows:
90 72 75 60 75 72 84 72 88 74 105 115 68 74 80 64 104 82 48 58 60 80 48 58 100

Suppose the last five motels are "cut-rate" motels. Describe how you would select a random sample of three regular motels and two cut-rate motels.
Three can be chosen from the first 20 motels in how many ways?
Two can be be chosen from the last 5 motels in how many ways?

Reference no: EM13200988

Questions Cloud

What is the annual equivalent worth of the project : while costs are expected to increase from $20,000 in year 1 by $10,000 each year. If there is no salvage value at the end of 5 years, what is the annual equivalent worth of the project assuming a MARR of 12%
Determine how to route the posters through the various stage : Kathleen and Lindsey are unsure how to route the posters from one stage to the next to make as many posters as they possibly can at the lowest cost. Determine how to route the posters through the various stages for Graphic Palette to minimize cost..
Role of the organization in ethical decision making : Why do companies tend to thrive in global markets when their country of origin enjoys a comparative advantage in their industry and outline a training plan that will help employees at all levels-from bus boys to kitchen managers-understand and ..
State the quadrilateral is a trapezoid : Suppose that a given quadrilateral is a kite with no right angles. Which of the following is possible? a. the quadrilateral is a trapezoid
How you would select a random sample of three regular motels : Suppose the last five motels are "cut-rate" motels. Describe how you would select a random sample of three regular motels and two cut-rate motels. Three can be chosen from the first 20 motels in how many ways
Quantity of output produce in order to maximize profits : A monopolist faces market demand given by P = 200 – Q. For this market, MR = 200 – 2Q and MC = 3Q. What quantity of output will the monopolist produce in order to maximize profits?
How many milliliters of compound b are needed : certain drug is made out of two compounds only: A and compound B. To make this drug 6 parts of compound A are used for every 5 parts of compound B. If a chemist wants to make 957 milliliters of this drug, how many milliliters of compound B are nee..
Find the actual speed and direction of the plane : an airplane is flying on a bearing of 140 degrees at 395 miles per hour. A wind is blowing with a bearing of 190 degrees at 35 miles per hour. Find the actual speed and direction(bearing) of the plane.
State the number of students present in a large class : the number of students present in a large class, where x represents the number of hours of study required weekly. What is the rate of change of the number of students in the class with respect to the number of hours of study?

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd