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John averages 58 views per hour on his webpage with a standard deviation of 11 views per hour. Suppose John's views per hour on his webpage are normally distributed. Let X= the number of views per hour on his webpage. Then X∼N(58,11).
Round your answers to THREE decimal places.
Suppose John receives 72 views per hour on his webpage on Sunday.
The z-score when x=72 is ___
This z-score tells you that x=72 is ____ standard deviations to the right of the mean, which is ____.
The current exchange rate between the Japanese yen and the U.S. dollar is 115 yen per dollar. At current prices, a basket of goods that costs $100 to produce in the U.S. would cost ¥10,500 to produce in Japan. What do you predict the real exchange ra..
In the Soviet Union, especially in the early decades under Lenin and Stalin, the official doctrine was Communism, and the use of incentives was considered a form of treason. One important exception was the military equipment sector, where bonuses wer..
You want to borrow $20000. The lender offers you two interest rates to choose from. You can borrow for 8 years at either 10% per year simple interest or at 8.5% per year compounded monthly. The loan is to be paid in a lump sum. How much interest will..
Demand: P=50-QD and Supply: P= 25+QS The government decides to impose a price floor of $40. Illustrate graphically the different economics effects of such intervention in this market. Calculate and compute the deadweight loss generated by the governm..
There are 300 purely competitive farms in the local dairy market. Of the 300 dairy farms, 298 have a cost structure that generates profits of $42 for every $600 invested. a.What is the percentage rate of return for these 298 dairies? (percent) B. Wil..
The equilibrium price of coffee mugs rose sharply last month, but the equilibrium quantity was the same as ever. Three people tried to explain this situation. Which explanations could be right? Explain your logic.
Next discuss what you did and how you may use this tool in your everyday life.
Two Cournot competitiors, Nick Limited(firm 1) and Junior LLC(firm 2), face an inverse demand curve p = 400 - 2q in the market (q = q1 + q2). Both producers have a marginal cost of $10 per unit. What is the reaction function for Nick Limited? How man..
The following question provides some practice calculating the AFPs for different insurance policies. If the individual remains healthy (80% probability), she will consume $500 in medical care in the upcoming year. An insurance policy with a $1000 ded..
Do you think the net effects of trade blocs are good or bad for world trade? Why? How do the efforts of the WTO relate to these trade blocs.
This simplified concept of cars and trucks both being kinds of automobiles with shared properties and individual properties.
Suppose the nation of Arcadia produces only two goods, teapots and surfboards. If Arcadia produces teapots, it can make 40 per day. If Arcadia produces only surfboards, it can make 60 per day. What is the opportunity cost of one teapot in Arcadia?
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