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The accompanying data on annual maximum wind speed (in meters per second) in Hong Kong for each year in a 45-year period were given in an article that appeared in the journal Renewable Energy (March, 2007). Use the annual maximum wind speed data to construct a histogram. Is the histogram approximately symmetric, positively skewed, or negatively skewed? Would you describe the histogram as unimodal, bi- modal, or multimodal?
30.3 39.0 33.9 38.6 44.6 31.4 26.7 51.9 31.9
At an initial point on the aggregate demand curve, the price level is 100, and real to GDP is $15trillion. After the price level rises to 110, however, there is an upward movement along the aggregate demand curve, and real GDP declines to $14 tril..
The Economic Survey estimated the Forex reserves of India at over 297 billion US dollars. The surge in Forex is attributed to growth in which of the following sector Gross Fiscal Deficit stands at 4.8% of GDP. What was the percentage of Gross Fisc..
Compute nominal GDP and the velocity of money? Suppose that the Fed increases MS by 5%, to $5,250 for 2014. Suppose 2013 real GDP stays same as 1,000 bushels of corn. Compute the 2014 values of nominal GDP (Y) and p. Also compute the inflation rate..
In this chapter, we saw that financial market integration is necessary for countries to smooth consumption through borrowing and lending. Consider two economies: those of the Czech Republic and France. For each of the following shocks, explain how..
suppose you owe $1,100 on your credit card. the annual percentage rate is 18% compounded monthly. the credit card company says your minimum monthly payment is $ 19.80 a. if you make only this minimum payment, how long will it take for you to repay ..
Can you find some value for the interest rate that will change her decision?
Find the demand and revenue schedules.
short-term parkers and all-day parkers with respective demand curves of Ps=3-(Qs/200) and Pc=2-(Qc/200). Here P is the average hourly rate and Q is the number of cars parked at this price. The garage owner is considering charging different prices ..
Calculate the total revenue and total economic profit for this pizza shop at each level of output. Calculate the pizza shop's marginal cost and marginal revenue at each level of output.
The manager has been asked to determine the maximum level of net benefits and the level of Y that will yield that result.
Autie Frannie wants to help pay for her twin nephews to attend a private school. She intends to send a cheque for $2,000 at the end of each of the next eight years to apply to the cost of schooling. a) If general price inflation, as well as tuiti..
Maintenance occurs every month. The cost of maintenance starts at $2250 and it will grow by $20 each time the facility is maintained. Find the value today of the maintenance costs for the next ten years if Black Cat Blades Ltd.'s
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