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An oncologist treats 40 cases of kidney cancer. In the past, this disease had a five-year survival rate of 1 in 5 (20%). In the 40 patients the oncologist treats, 16 survive for at least five years. Test to see whether this treatment is associated with a significantly higher survival than in the past. (Let a = .01, two-sided.) List all hypothesis testing steps. Was survival improved significantly?
How does the legalization of marijuana influence local economies relative to sale and distribution potential?
If the par value of the common stock is 5 dollars and is sold at market for 10 dollars does the company get the extra $5? Also how is the company affected by the market value going up and down?
Suppose that the participation variable, voucher, is completely randomized in the sense that it is independent of both observed and unobserved factors that can affect the test score.
Ives LeFancy and Donna Gabbana are two top fashion designers who own stores on Trendy St. Each has to decide whether to present their ‘ready-to-wear’ collection at the Los Angeles Fashion Week (L.A.) or at the New York Fashion Week (N. Y.) (they can ..
can you explain (in your own words) the difference between Proportional Taxation and Progressive taxation. If you have a job where you pay taxes, which type of tax do you think your employer uses on you (for the deduction)?
What are the differences between Keynesians and Monetarists with regard to using monetary policy to grow Real GDP?
Consider a firm using labor and capital as its only inputs. The price of capital is $40 where the price of labor (wage) is $60. Using 500 units of labor and 500 units of capital the firm is producing 1200 units of output. At this mix of input the fir..
Prepare a table that shows total variable cost, average total cost, and marginal cost at each level of output.
Explain how “Black Markets” impact economic actives: Please explain in detail and use a supply and demand graph for your examples
Graphically construct the supply and demand schedules and determine the equilibrium price and quantity.
Suppose that the K/L ratio is higher in Germany than in Britain. What would you expect to happen to wages in Germany as trade took place between the two countries? Why?
According to the graphical method used in class, figure out how a decrease in government purchases (G) is going to affect the IS curve. Is decrease in government purchases an expansionary fiscal policy or a contractionary fiscal policy? Why?[Hint: Us..
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