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A credit care company claims that the mean credit card debt for individuals is greater than $5,100. You want to test this claim. You find a random sample of 34 cardholders has a mean credit card balance of $5,292 and a standard deviation of $575. At 0.10 ( equals two tailed ), can you support the claim?
In parts a) through f) find the proportion of observations from a standard normal distribution that satisfies the statement.
Use what you observed to estimate: a) daily and monthly revenue of this business (You may make reasonable assumptions of peak and off-peak hours/seasons).
How much must he save during each of the next 10 years (end-of-year deposits) to meet his retirement goal? Round your answer to the nearest cent.
Converting data info to understand past and current performance is the core of descriptive analytics and is vital to making good business decisions. In the financial industry describe the details of a specific graphical representation of the distrubi..
A car wash in a metropolitan area services a community of 50000 people. The car wash charges $14 per car wash. For every dollar increase in the price of a car wash the potential number of customers that could use the car wash decreases by 2500. Find ..
1. Controlling the money supply is a key macroeconomic policy tool. Explain how the Fed controls the money supply and what separates the balance sheet of the Fed from that of ordinary commercial banks.
Suppose that the price didn't change. Elucidate amount of income that Ms Ramirez has to give up to have the same level of utility as if the price had changed.
Consider the three categories into which the Bureau of Labor Statistics divides everyone. How does the BLS compute the labor force, the unemployment rate, and the labor-force participation rate?
How monetary policy affects interest rates and aggregate demand. Analyze how fiscal policy affects interest rates and aggregate demand. Evaluate why policymakers face short-run trade-off between inflation and unemployment.
Include a breakdown explanation of how managers should use CBA information to improve operational decision making and provide an example.
How much is your currency worth (its value in terms of another currency)? How do you know the value of currency? What factors influence the value of a currency? What happens to currency values each day, and why?
Describe the pros and cons of protectionism and free trade. Discuss which you feel is better for the economy? Why?
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