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The first statistics exam had a mean of 65 and a standard deviation of 16 points; the second had a mean of 81 and a standard deviation of 7 points. Anna scored a 81 on both tests. Megan scored 87 on the first exam and 75 on the second. They both totaled 162 points on the two? exams, but Anna claims that her total is better. Explain.
Consider the Malthusian Growth Model. The production function is Y = LaN 1-a, where L is fixed stock of land, N is current population, and 0
The market demand function is Q=80-p. Describe the profit maximizing input use, the output price, and the monopolist's profit.
Substitution and income effects of a change in price of a good may be used to explain the:
Provide examples of businesses taking advantage (profiting from) the recent drive to “go green” (environmental consulting, etc). What are the advantages and disadvantages of going green for a company?
Please discuss the differences between a traditional staff model HMO managed care plan and a PPO managed care plan. Also explain the differences between a POS managed care plan and an IPA managed care plan.
The regressive impact of carbon taxes could be addressed by using tax revenues to favor low-income groups. The low-income families, who already spend a larger proportion of their income on transportation, groceries and utility bills, will be hit the ..
Output gaps are caused by inflationary pressures generated by the unintended side effects of government policy. A low level of aggregate spending can cause real GDP to fall below potential output. When spending is high, output may rise above potentia..
What is the most appropriate way to compare budget deficits/surpluses across time?
In class we have dealt with the profit function defined as:
When Roberto Goizueta became Coke's CEO in 1981, he took over a poorly performing company that had diversified into unrelated businesses ranging
Compare the dispersion in the population with that of the sample means.
In March 2008, the Fed helped prevent the bankruptcy of Bear Sterns. However, in September 2008, the Fed and the Treasury let Lehman Brothers go bankrupt. What accounts for the different decisions?
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