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The mean annual cost of auto insurance is $939.
Assume that the standard deviation is $245.
a.) Illustrate what is the probability htat a simple random sample of auto insurance policies will have a sample mean within $25 of the population mean for each of the following sample sizes: 30, 50, 100, and 400
b.) What is the advantage of larger sample size when attempting to estimate the population mean?
Consider a monopolist informal moneylender and competitive formal creditors who lend to farmers. illustrate what are the interest rates.
Take a position on whether or not companies benefit from using a structured profit approach to calculate their profits. Provide an explanation of your position with at least two examples or scenarios of the use of such an approach.
Unusually good weather which improves crop production also a major oil discovery are examples of unexpected supply shocks in the economy
Under what situation would Gore be better off giving Bush a head start on putting mutually his presidential ticket.
Elucidate in general what factors would affect the elasticity of demand for frozen grape juice.
Explain how does economists distinguish between the absolute and relative sizes of the public debt.
As before pleasing the job, you admit a surprise offer from a competitor. Elucidate how much producer surplus have you earned, if you actually earn $2600 during the month.
Illustrate what are the main determinants of the amount of excess reserves held by banks. Illustrate what is the primary determinant of deposits and the money supply in the long-run.
Calculate the amount of former foreign monopoly profit that is transferred as tariff revenue to the home country when the home country imposes the tariff.
If you were to learn that a bottle of gatorade increased in size from 2009 to 2010, should that information affect your compute of the inflation rate.
Explain why at first patents might seem such as a deterrent to growth because in effect they restrict the use of new technology
Why and under what situation should a company continue to operate when getting negative economic profits
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