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Normal probability density function. Suppose X ∼ N (2, σ = 3). Evaluate the probability density function of X at the value x = 3. Give an explicit formula for the function value, and show clearly how you evaluate it (whether with basic functions on your calculator, or with a built-in function on a graphing calculator, or in R).
How does the effect of (or lack of) a quality education affect an individual's development? Share your thoughts regarding the potential short-term effects
When businesses in the Macro Islands increased investment by $30 million to attract tourists, GDP increased by $300 million. Calculate the MPC in the Macro?
In his famous polemic The Economic Consequences of the Peace, Keynes argued that the economic system that arose in Western Europe after 1870.
q.why have generic drug companies been so successful? explain what political conditions also economic conditions would
Suppose a consumer currently has $1000 with which to buy food for this year (c1) and for next year (c2). In both periods, the price of a unit of food is $1. Assuming the consumer has “standard” preferences defined over c1 and c2, depict a typical con..
Globalization refers to the increasing economic interdependence of countries with trade, it also refers to a rise in cultural exchange. It also refers to knowledge, information, people, across international borders. Whether we like it or not just lik..
Write a 1- to 2-page paper identifying the various parts of your chosen country’s Political Economy. Explain how this system developed over time and any changes you may foresee for the near future. Cite resources as appropriate to support your commen..
Let the random variable Z follow a standard normal distribution. Find the value k, such that P(-0.62
Reflecting on the Green Revolution (the introduction of high-yielding grains, on the one hand, and the risks of making agriculture
Suppose you are the economist of Didier Enterprises - a firm that manufactures ballistic missiles. Based on the estimates provided by a consultant, you know that the relevant demand and cost functions for the missiles are Q= 25 -.5P and MC = 2. Assum..
What is meant by the term "government-imposed barrier to entry"? Why would a government be willing to impose barriers to entering an industry?
What is the probability that the sample will have between 50% and 60% of the identifications correct?
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