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x is a binomial random variable with n=400 n = 400 and p=0.1. p = 0.1. Use the normal approximation to binomial probabilities to find following:
P (X > 45) =
P(X is less than or equal to 32) =
P (34 is less than or equal to X and is less than or equal to 46)=
How are bitcoins similar to fiat currencies? How are bitcoins different from fiat currencies? How has bitcoin price changed since its creation and recently?
Suppose the immigrant flow from Country X to the US is positively selected. That is, highskilled workers are more likely to leave Country X to move to the US. In order to mitigate this “brain drain” Country X experiences as a result of this migration..
10 consumers, ranked by their value for a network product v = 1...10, are deciding whether to connect to the network. If there are n people on the network, including oneself, then a consumer's willingness to pay equals n x v. What is the highest pric..
The inverse demand curve for sugar is P = 100−Q. There are two firms, C and D, who produce sugar. Firms produce sugar using a technology with a cost function characterized by C(Qi) = 20Qi where Qi is the quantity produced by each firm. What is the Be..
How could you graphically illustrate economic profits made by a perfectly competitive industry, a monopolist industry and a monopolistic competitive industry.
From consumers' perspective, how does an increase in income tax rate affect consumers' choice between labor and leisure
Stigler argued that the variation in fees increases as buyer information decreases. Suppose you observe that each seller in a market is charging the identical price. What potentially conflicting inferences can you draw?
A company wants to ensure that all software executing on a corporate server has been authorized to do so by a central control point. Which of the following can be implemented to enable such control?
What are the effects of these global changes for both Venezuela as well as for the entire world?
What is the “shut down rule” for a firm offering to sell its product in a highly competitive market?
Cal Lutheran School of Management needs a database that tracks graduate student and alumni information. As a first step, your data model needs to track information about current students such as name, local address, major (or program) (e.g. IT, MB..
What effect should each of the following have upon the demand for portable music players in a competitive market? Explain your reasoning in each case.
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