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A study is going to be conducted in which a mean of a lifetime of batteries produced by a certain method will be estimated using a 90% confidence interval. The estimate needs to be within +/- 2 hours of the actual population mean. The population standard deviation s is estimated to be around 25. The necessary sample size should be at least?
In the last year, China’s economic growth has slowed substantially, but is still faster than that of the U.S. or Europe. Based on this information, what impact has that had on China’s currency? “For an investment in a foreign-currency denominated fi..
Current stocks of mineral M are 250 million tonnes. If these stocks are continually being used up at an annual rate of 9%, what amount of M will remain.
What if you knew that in Firm A the quantity of labor demanded is 15,000 when the wage is $11 and 17,000 when the wage is $8.
Joanna and David are farmers who produce beef and corn. In a year, Joanna can produce 10 tons of beef or 60 bushels of corn, while David can produce 10 tons of beef or 50 bushels of corn. To maximize their total output of beef and corn,
A manufacturer of an inspecting and profiling web controller has a capital investment of $200000, a fixed cost of $83000 per year and variable costs of $60 per unit produced. If the product is sold at $90 per unit, determine the breakeven quantity pe..
Assume that if the labor market is unregulated, the equilibrium wage for workers who do not have high school education is $5.00 an hour. Assume that the government imposes a minimum wage of $6.00 an hour. Draw a supply-demand diagram that shows what ..
Analyze several indicators of the macroeconomic conditions in an economy, such as GDP, unemployment, CPI, and other indicators such as interest rates, income.
q.consider a market consists of a dominant rm producing the majority of the market supply and large number of small
Imagine that 50-year-old men can be divided into two groups: those who have a family history of cancer and those who do not. For the purposes of this example, say that 20% of a group of 1,000 men have a familyhistory of cancer, If the insurance compa..
For the country you examined in discussion 1, use the summary of types of economic systems to classify the economic system of the country. Is this an evolving economic system, i.e. a system in transition to another type of system?
Simon Langlois studied government employment in Quebec. He found that even though the government had made efforts to formalize recruitment, over 40 percent of those surveyed found their jobs through personal contacts. In the majority of those cases, ..
Identify the three sources of cost that vertical integration is intended to mitigate or remove. However, no firm is fully integrated, implying there is a cost to vertical integration. Identify this cost and briefly relate it to firm size and scope..
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