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A car company claims that the mean gas mileage for its luxury sedan is at least 24 miles per gallon. A random sample of 7 cars has a mean gas mileage of 23 miles per gallon and a standard deviation of 2.4 miles per gallon. At α=0.05, can you support the company's claim?
What is the root cause of global poverty? Which agencies are best suited to solve these problems?
The United States can make certain toys with greater productive efficiency than can the China. Yet we import those toys from China.
Economists believe that markets generally are “efficient.” What does this mean and why do they believe it? Use Consumer Surplus, Producer Surplus, and Total Consumer Surplus to fully answer this question.
This deviation from the classical dichotomy and the Fisher effect is called the Mundell-Tobin effect. Explain how might you decide whether the Mundell-Tobin effect is important in practice.
In many countries bribery is actually an accepted, understood, and expected way of doing business. To this end, you own a company and you’re in, of course, a competitive market. What is the relationship between corruption in a country (i.e., bribe-ta..
The following questions refer to a capital budgeting problem with five projects represented by binary variables a, b, c, d, and e. a. Write a constraint modeling a situation in which two of the projects 1, 3, and 5 must be undertaken. b. Write a cons..
1- Suppose your company runs a shuttle business of a hotel to and from the local airport. The costs for different customer loads are:
Researchers were interested in whether attending a weekly organizing meeting affects employee job satisfaction.
Suppose that Susan has a utility function U(D,F) = 10DF , where D is days of domestic travel, and F is days of foreign travel. Let the price of D be 100, the price of F be 400, and total income for travel be 4000. What is the set of market baskets th..
When the Finance Division computed the marginal cost of an engine, it discovered that the new engines were much more expensive than rival engines, even accounting for the expected fuel savings. No one purchased teh engine. How would you make sure ..
You are considering opening a small copy shop. It costs $5000 to rent a copier for a year, and it costs $0.03 per copy to operate the copier. Other fixed cost of running the store will amount to $400 per month. Define “Q” as the quantity (number of c..
The program takes in three double variables (for a, b, and c) and returns the solution. (Note: a !=0).
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