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Creek Ratz is a popular restaurant located along the coast of northern Florida. They serve a variety of steak and seafood dinners. During the summer beach season, they do not take reservations or accept "call ahead" seating. Management of the restaurant is concerned with the time a patron must wait before being seated for dinner. Listed below is the wait time, in minutes, for the 25 tables seated last Saturday night. Is it reasonable to conclude that these readings follow a normal distribution? Use the .05 significance level. Using the following analysis, test the null hypothesis that the distribution of times is normally distributed. Cite two reasons for your decision.
Suppose a central bank has increased its nation's nominal money supply considerably for several years in a row, but without any increase in inflation. Over the same time, suppose its economy has not grown. Given this information, explain why this mon..
Compute the total tax they would pay as unmarried individuals. Then compute their tax as a married couple filing a joint return.
What is the externality associated with an individual driving on a congested highway? how do tolls help alleviate this externality? How should tools be set? (Hint: would you always want the toll to be the same all day?) The steel industry pollutes th..
Determine impact on income of a 50 increase in government spending from 250 to 300. Using original data, compute impact of a 50 decrease in taxes from 125 to 75.
Describe the coefficient of determination. Suppose if you were given that the independent variable was 5, what would the predicted value be.
A demand function is given by the equation q=120-2p, suppose the price is P=10. Must find three things: When the price is P=10, what is the quantity? The total revenue at this point is? The price elasticity of demand at this point is?
What would have happened to the money supply if the currency–deposit ratio had risen but the reserve–deposit ratio had remained the same? What would have happened to the money supply if the reserve–deposit ratio had risen but the currency–deposit rat..
1. What is a perfectly competitive market? What features or assumptions do these industries have?
Effects of a Tariff In Japan, there are tariffs, price supports, and import restrictions such quotas on rice. Compare the price of rice in Japan to the price
If excess profits are taxed away, where will oil companies get the money to fund new exploration and development of oil properties? Does it matter if these price increases are demand or supply induced?
You and your two best friends all make $65,000 per year. Friend A lives in a city where prices on average are 5% lower. Friend B lives in a city where prices on average are 8% higher. Friend A has a purchasing power parity adjusted income of $__ and ..
Discuss the principles and components of interface design and navigation in the Android platform?
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