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Assume a firm is currently employing labor and capital in such a way that the cost minimizing equality is: 100$10 = 200$20 with the left side of the equality representing the MPL/PL and the right side representing the MPK/PK. Suppose the marginal productivity of capital increases by 20 units. How should the firm change its consumption of labor and capital to restore the cost minimizing equality? Whats the answer for this?
(a) Can we say that the data are approximately normally distributed? (b) Find a 95% con?dence interval for population mean stopping distance μ.
Students who made 59.86 or lower on the exam failed the course. What percentage of students failed the course?
A coin is tossed 11 times in succession. Each 11-tuple outcome is equally likely to occur. If the first 10 tosses produced all heads.
All students are given the same final examination at the end of the semester. Does this represent a designed experiment? Explain.
To be from the same population? You may assume the that follows a normal distribution. values are: 2.13 1.31 1.91 1.92 1.77 1.64 2.29 1.99 2.33 2.49 2.22
The test statistic of z= 2.44 is obtained when testing the claim that p >0.8
For the Module 1 discussion you looked for a ridiculous product. In this second installment of "What were they thinking?!?!" go to YouTube and find the most ridiculous advertisement that you can. Remember that most advertisements you currently see..
According to an early CDC study of 21 patients infected with the swine flu, the average incubation period was 7 days with a sample standard deviation of 4.5 days.
Two samples of sizes 25 and 35 are independently drawn from two normal populations, where the unknown population variances are assumed to be equal.
q1. the temperature in january is estimated to have a mean of 34 and a standard deviation of 6 in degrees fahrenheit.
a pew internet and american life project 2007 report stated that 74 of teenage boys posted their photo on their online
What type of test is needed to analyze the data? What is the hypotheses (including the symbols used to state the hypothesis)?
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