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Assume you wish to test a hypothesis about the population mean. You take a sample, n=100. Your sample mean is 10 and sample standard deviation is 2.
a) Use a 2 tail test, with 5% significance to test the null hypothesis that µ=12. Carefully interpret the result using a diagram. Could your conclusion be incorrect?
b) How would conclusion change with a one tail test and with a change in significance?
What is an entrepreneur and What are their characteristics? Are there characteristics that are unique to an entrepreneur?
Imagine there is a market for buying monopolies which is perfectly competitive and is at its long run equilibrium.
We study Economics because we live on a planet that does not provide us with enough resources to give everyone everything that they want. One of the power resources that is scarce is OIL that we use for home heating, for electricity (to burn and crea..
"Neither monetary policy nor fiscal policy alone can be effective in formulating sound economic policies for recession." Do you agree or disagree.
How does the use of risk analysis facilitate the development and implementation of an information security policy together with its accompanying standards
Why the advantages of monetary policy over fiscal policy. In a time of recession, can monetary policy alone help the economy get out of the slump?
"Union members are generally paid significantly more than the minimum wage. Why, then, do unions support increases in the minimum wage?''
Choose a specific product that you use on a daily basis (such as food items, toiletries, or your car). Who are you (demographics, psychographics, etc.)? What do you do with the product (consumption, storage, disposal, etc.)? Where do you purchase the..
Describe the structure of the Federal Reserve System. What are the responsibilities and functions of each of the components of the Federal Reserve System? What are the instruments of monetary policy of the Federal Reserve System? Explain each one.
In the IS-LM-FE (Mundell-Fleming) open-economy macroeconomic model with imperfect capital mobility, what does the term 'imperfect capital mobility
Which of the following would shift out (or shift down or shift right) the supply curve for fluorescent light bulbs?
Discuss the Current Economy of the US and/or World. Discuss issues such as: What is currently occurring? How is it affecting people and businesses. How is it affecting the local, regional, national, and world markets? How are local and state gov'ts b..
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