User Account

All Pages

Point estimate for the population mean annual income

Assignment Help Business Economics
Reference no: EM132151609

A certain population of the annual incomes of unskilled laborers has a standard deviation of $1200. A random sample of 36 such incomes results in a sample mean of $7280.

(a)  Give a point estimate for the population mean annual income.

Reference no: EM132151609

Questions Cloud

Write a java gui application functioning as a simple text : Devonshire sir sex motionless travelling six themselves. So colonel as greatly shewing herself observe ashamed. Demands minutes "
What are the head-bytes in the 456 protocol : A platform works at a given time as one of the two modes: transmitter or a receiver (but not both);
Point estimate for the population mean annual income : A certain population of the annual incomes of unskilled laborers has a standard deviation of $1200. A random sample of 36 such incomes results in a sample mean
Write and test several overloaded methods : Write and test several overloaded methods called textBoxString. This method returns a String value.
Point estimate for the population mean annual income : A certain population of the annual incomes of unskilled laborers has a standard deviation of $1200. A random sample of 36 such incomes results in a sample mean
How relevant are hubs today : In the textbook, you will notice that the term hub is used throughout. How relevant are hubs today?
Find all occurrences of the word mathematician : For reading the data from the input file, you can use the fscanf() function with the %s specifier. Utilize the string function strcmp() for string comparison
How many different combinations of two council members : How many different combinations of two council members can be selected from the nine who want to go to the conference?
What are the two types of recommendation systems : Which recommendation system is best for customers with taste that are not similar to many other users or no other users at all?

Reviews

Write a Review

Business Economics Questions & Answers

  Development of the supplier-induced demand hypothesis

An empirical observation that led to the development of the supplier-induced demand hypothesis is that when the supply of physicians in a market increases, the price also increases, which defies the basic rules of supply of demand. Proposed policies ..

  Concerned about the trade deficit

If we start with the premise that the US economy is a consumer driven (consumption) economy, would consumers saving their money hurt the economy? If there are more investment opportunities in the US vs other countries, doesn't this speak to the healt..

  What is the average total cost function for firm

Assume that the TC function for a company is as follows: TC = 300 + 3Q + 2Q2. (a) What is the average total cost function for this firm? Provide your answer a

  Growth strategy and unbalanced growth strategy

Explicate the difference between balanced growth strategy and unbalanced growth strategy.

  Consider the demand for ramen noodles

Consider the demand for Ramen noodles. Suppose the price of Ramen noodles decreases. If Ramen noodles are a normal good, this will produce a _____ (choose: positive/negative) substitution effect and a ________ (choose: positive/negative) income effec..

  Identify the arguments against free trade

Firm A and Firm B operate retail malls. Both are trying to determine whether to increase advertising budgets during the holiday season or to keep them constant. Because of contract cycles, Firm A will have to make a commitment regarding an advertisin..

  Investors invest in foreign securities

Consider a situation in which U.S. interest rates are, for the most part, higher than interest rates of other nations. From the perspective of the International Fisher Effect, would you predict that the U.S. dollar will strengthen or weaken? In the c..

  Find the gdp deflator-nominal gdp and real gdp

Angola economists are working on the country's figues. Find the (a) GDP deflator (b) Nominal GDP (c) Real GDP (d) what is the growth for Angolan GDP for 2013? If the 2013 price is $10, quantities = 50 million; While the year 2000, which is the base y..

  Compute manufacturing cost of goods sold-gross profit

The Kerwin Company had the following data (in thousands) for a given period: Sales $780 Direct materials 180 Direct labor 230 Indirect manufacturing costs 210 Selling and administrative expenses 130 There were no beginning or ending inventories. Comp..

  Elucidate amount of income that ms ramirez has

Suppose that the price didn't change. Elucidate amount of income that Ms Ramirez has to give up to have the same level of utility as if the price had changed.

  Investment spending and aggregate spending

Keynes said it was the stock market crash of October, 1929 that was the trigger mechanism for the Great Contraction from 1929 to 1933. He believed that the crash caused expectations to become catastrophically pessimistic. Use the Keynesian Cross Mode..

  Controversies associated with white collar exemption

What are the controversies associated with white collar exemption changes to FLSA? What is the unions objections. Which is better the current FLSA law or the change?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd