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A certain characteristic is present in 4% of a given population. If X represents the number in a sample of size n who have the characteristic, the X has a binomial distribution. How large must n be in order that the normal approximation to the distribution of x be valid?
The production function : q = L. This function is widely used in economic research. Using the function, show the following. statement in mathematical proof:
Show that S = the sum of xi from i=1 to n is a sufficient statistic for beta using the definition of a sufficient statistic
Describe the Stolper-samuelson theory of trade. How does it differ from the factor endowment model? What are its predicted effects on wage-inequality in (a) industrialized countries that are captial abundant and (b) developing countries that are labo..
Study the depreciation rules as published by the IRS or the appropriate agency of another government. Describe some aspect not covered in this chapter.
q1. the project management role has several responsibilities in the area of scope. which of the following represent
With respect to tariffs and quotas, it can generally be said that:
What do Gordon and Goldin mean by the” great compression”? When did it occur? Has it continued? Can you give a reason for both events? What are the implications that Gordon highlights in terms of productivity?
Given below is information on all of the entries in Balance of Payments of a hypothetical developing country: What is the value of current account balance? What is the value of capital account balance? What is the value of cash reserve account?
Studies show that young athletes are increasingly focusing on a single sport. Do you think this is a good idea?
Use an efficiency of 60%. Grader speeds are given in the next chart. What is the time requirement for this task?
(a) What is the interest rate for buying versus leasing? Which is the better choice?
What is the practical significance of income elasticity coefficients? Explain the significance using as examples an income elasticity of 3.0 for automobiles and an income elasticity of 0.20 for home-cooked meals.
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