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The major selected by university undergraduates tends to shift over time as economic, social and technology conditions change. It is important for higher education institutions to anticipate selected majors so that resources are in place to meet the demand for more popular majors. Suppose the Nevada System of Higher Education is currently undertaking a study to determine if the proportion distribution of majors at UNR and UNLV might change in the next 2 years. Currently, the proportion distribution of the 5 most popular majors at the two institutions is 1) business with 25% of all majors; 2) various health sciences with 24% of all majors; 3) social sciences with 18% of all majors; 4) education with 17% of all majors; and 5) engineering with 16% of all majors. Analysts for the System of Higher Education survey junior and senior Nevada high school students who have expressed an interest in attending either UNR or UNLV. The analysts ask the surveyed students which major they will select. The results of the survey are as follows:
Intended Major Number of Students Responding
Business 340
Health Sciences 390
Social Sciences 279
Education 225
Engineering 266
The question is: Perform the appropriate test to determine if the proportion distribution of likely most popular majors in the next two years appears to be significantly different from the current proportion distribution. Test at an alpha of .10 and provide a Post Hoc Analysis if necessary.
Illustrate what is the marginal income for each 10,000 increase in the quantity sold. Illustrate what recording fee would you advise Johnny to demand from the record organization.
Assume that between 1990 and 2000 the money GDP of an economy increased from $3 trillion to $8 trillion and that the appropriate index of prices increased from 100 to 200. Which of the following expresses GDP for 1990 in terms of 2000 prices? Which o..
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Consider a market characterized by the following inverse demand and supply functions: PX = 10 - 2QX and PX = 2 + 2QX? Compute the loss in social welfare when an $8 per unit price floor is imposed on the market.
"Why India Cannot Sustain High Economic Growth", by Kunal KumarKundu
For the following sets of goods, draw two indifference curves(IC1 and IC2 where IC2 yields a higher level of utility than IC1). Draw each graph so that the quantity of the first good is on the horizonal axis and identify utility functions for part a)..
Suppose you were given a choice to select from a menu of items in your employee benefits package. The menu might include medical coverage ($1500 deductable), life insurace equal to a year's salary, vacation time based on length of employment with the..
Based off this information what should the firm do regarding their pricing?
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Your company is in need of someone to fill a new position. The spot calls for some very specific skills, education, and experience, but you happen to have an old friend who exactly fits the bill. In addition, he has mentioned to you that he feels it ..
(a) Draw a cash flow diagram for this loan and calculate the interest rate. (b) Prepare a one-page presentation to describe this to the class.
Answer the following three questions dealing with monetary policy.
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