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Multicar accident often result in fatalities across the nation, records are kept of the total number of accident involving 10 or more vehicles. Over the past 25 years, the average number of accidents involving 10 or more cars is 7 per year. The standard deviation is 4, assume that the distribution is approximately normal and determined (a) the percentage of years accumulating fewer than 4 multicar accidents and (b) What is the percentage of years having more than 12 multicar accidents?
In the classical model, an increase in the unemployment rate: When a nation has high economic growth, it has
Suppose that there is an increased confidence of the economy, shared among the economic agents: the representative consumer becomes optimistic of the economic performance and therefore, is willing to consume more, given his/her own income. determine ..
Determine the marginal cost to extend service for each of the next 6 years if the MARR is 12%. If a new drill press has an EAC of $7000, when should the drill p
The number of hours you study for an exam and your exam score. The price of pizza and the quantity purchased. The number of games the university basketball team won last year and the number of season tickets sold this year.
Perry is a freshman. He estimates that the cost of tuition, books, room and board, transportation, and other incidentals will be $13,000 this year. He expects these to rise about $1500 each year while he is in college. If it will take him 5 years to ..
Assume the U.S. government wants to hold the value of the dollar at $1.00 U.S. equals 1000 Japanese yen, but finds that the value of yen is appreciating against the U.S. dollar. What would be an appropriate policy to reverse this trend?
The Federal Reserve has not formally adopted inflation targeting. The inflation target, stated or implicit, is usually around 2%. The Federal Reserve chairman credited with ending the Great Inflation is
q. the owners of a small manufacturing concern have hired a manager to run the company with the expectation that he
A firm and its supplier are going to negotiate a deal every quarter. Since the supplier's cost is $10 million per quarter and the value to the firm is $14.
Give a real example in history when a market for a product or service was affected by a change in each of the following: Income of buyers Price of a related good, either a substitute or compliment Number of buyers Consumer preferences and information..
In 1991, Congress imposed a 10 percent excise tax on the portion of the retail price of certain items that exceeded the following: $30,000 for automobiles, $100,000 for yachts, and $10,000 for jewelry and furs. Evaluate these taxes using the normativ..
While I do believe that Southwest should open some of their seats to first class or possible business class, the question is how much space should Southwest give up to offer these seats?
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