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Empirical Rule (68-95-99.7)
The interest rate for the financing of a used car is on average 9% with a standard deviation of 3%. Assuming that interest rates for used car loans are normally distributed, approximately what percent of loans have an interest rate that is between 6% and 12%?
You borrow $15,000 from your credit union to purchase a used car. The interest rate on your loan is 0.25% per month∗ and you will make a total of 36 monthly payments. What is your monthly payment?
Jay Wechsler agrees to purchase a car from a local dealer, the Con Car Co. The purchase price is $15,000. Jay has the cash to pay the entire amount and wants to do so. Con's sales manager ises the following argument to convince him to finance the car..
Communication Flows in organisations. Give an example of a communication for each of the 4 flows. Explain your answer.
If you are asked to forecast the demand (sales) for the public listed company like Home Depot, which method(s) would you prefer to use? After you select a specific method (or several methods), explain what factors should be included in your evaluatio..
Explore how a business manager might use CPI statistics for pricing decisions, production costs decisions, salary decisions, etc.
A producer’s production function is q=6K^(1/3)L^(1/2). The market price for the firm’s output is p, the cost of capital is $4 per unit used and the cost of labor is $3 per unit. Write an equation for the firm’s long-run profit. Find the factor demand..
Externalities. Consider the example of the perfectly competitive steel firm from class. The firm takes the market price p = $35 (per unit of steel) as given and chooses quantity q (units of steel) to maximize its profits. Design a (“Pigouvian”) tax t..
Suppose you are interested in the population of students Northwestern University. a. Give an example of using descriptive statistics to learn about this population. b. Give an example of using inferential statistics to learn about this population
Write down on a paper analyzing dissimilar approaches that might be used by Keynesian theorists.
Using aggregate demand and aggregate supply analysis, explain the happy coincidence of both low inflation and decreasing unemployment in the United States during the roaring nineties
q1. labor costs 12 per hour. nine workers produce 180 bushels of product per hour whereas 10 workers produce 196
Draw a cash flow diagram for just the tax amount due to the depreciaiton, including the gain from this portion at EOY 8. Calculate the present worth of this cash flow. This is the amount gained by depreciating the property.
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