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Using one-sample hypothesis testing.
In a high school, Mark's class took the admission test for business school and averaged 83.4. For all the 10 classes taking the same test, their scores are (including Mark's): 78.2, 90.5, 89.6, 80.1, 75.4, 83.4, 81.7, 92.6, 93.8, 85.9. How did Mark's class do in the admission test? There are 25 students in Mark's class taking the admission test, and here we assume that the average test scores of all the 10 classes follow a normal distribution.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
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The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
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Calculate gross national product and net national product
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