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The manufacturer of a laser printer reports the mean number of pages a cartridge will print before it needs replacing is 10,300. The distribution of pages printed per cartridge closely follows the normal probability distribution and the standard deviation is 580 pages. The manufacturer wants to provide guidelines to potential customers as to how long they can expect a cartridge to last. Refer to the table in Appendix B.1.
How many pages should the manufacturer advertise for each cartridge if it wants to be correct 95 percent of the time? (Round z-value to 2 decimal places and the final answer to the nearest whole number.)
Idea that a country can simultaneously pursue only two of the three following policies: free international-capital flows, monetary policy for domestic stabilization, and a fixed exchange rate.
This will be a real challenge, but it should be an interesting challenge. Much of the way we measure risk relies on probability distribution (the bell curve as shown on page 425). For many things in life, and business, this is perfectly valid, but fo..
The demise of the U.S. auto industry would have a devastating impact on our national economy and specifically the economies of Michigan and Ohio.
Explain precisely the First Fundamental Theorem of Welfare Economics, Explain clearly the various assumptions of the theorem, State the Second Fundamental Theorem of Welfare Economics and highlight the significance of this theorem, What is meant by m..
Karen's money income is $180, the price of X is $3, and the price of Y is $1.5. Given these prices and income, Karen buys 40 units of X and 40 units of Y. Call this combination of X and Y bundle C. At bundle C, Karen's Marginal Rate of Substitution b..
Your HR Manager comes to you about an employee whose performance reviews have been declining recently, and asks your advice about whether
Why do farmers landowners have an incentive to maintain the productivity of their land over time.
1. Which of the following is an economic cost of discrimination to a discriminating business?
What if we only get the 100 once at the end of this year? (92.59) What if it we get it once, at the end of ten years? (46.319)
Research the topic of how marketers use personality tests to understand consumer behavior. The use of information around psychological traits and demographics can be significantly valuable information to the marketer.
A recent report on GDP growth rates showed that the GDP of Dorada, a developed economy, has declined this year. Emily George and her friend Tabitha, Jude, both students of economics, are discussing the possible reasons for the decline in the growth r..
Suppose that Michelle buys a cappuccino from Paul\'s Cafe and Bakery for $6.25. Michelle was willing to pay up to $8.75 for the cappuccino and Paul\'s Cafe and Bakery was willing to accept $2.25 for the cappuccino. Producer surplus is the difference ..
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