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Q. A car manufacturer claims that its vehicles average at least 25 miles per gallon, with a population standard deviation of σ=2. We take a sample of n=36 cars to test fuel efficiency, and with to performance a one-sided hypothesis test of the manufacturer's claim at a level of α=.05.
a. What is the critical value for the sample mean?
b. Suppose the answer to part a, is 23.5 (it is not, but assume it is to do part b). If the true value of efficiency in the population is 22.75, what is the power of this hypothesis test?
demand formula is given as p150-3q and we only have 40 tickets to sell and that the mc0 and we suppose to figured out
helping him to dig bait for fishing, and he also purchased five of John's mature banana trees for 30 clamshells each. What is the GDP of George and John's island in terms of clamshells
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Illustrate what would happens to P* if there is a decrease in demand followed by an increase in supply followed by another decrease in demand.
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Presently, boats rent for $500 per day also workers cost $100 per day. How many workers do you need to produce 200 tons of shrimp?
q1. predict what would happen to the equilibrium price of marijuana if it were legalized. use demand amp supply
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Based on the production function parameter estimates reported in Table 7.4: a. Which industry (or industries) appears to exhibiting constant returns to scale? (Ignore the issue statistical significance.) b. Which industry comes closest to exhibiti..
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