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3-defective electric toothbrushes were accidentally shipped to a drug store called Clean brush items along with seventeen non-defective ones.
a. What is the probability the first two electric toothbrushes sold will be returned to the drugstore because they are defective?b. What is the probability the first two electric toothbrushes sold will not be defective?
Design a simple econometric research project
M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.
Walt Disney World Theme Parks offer tourists a wide variety of ticket options. The one thing these ticket options have in common is that they entail a fixed entrance fees and permit consumers to take as several rides as they wish at no additional cha..
Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.
Explain why this model violates the assumption of no perfect collinearity. Write the t statistic for testing the null hypothesis
The Australian government administers two programs that affect the market for cigarettes.
The local operations manager for IRS must decide whether to employee 1, 2, or 3 temporary employees. He determine that net revenues will vary with how well taxpayers comply with new tax code.
Solve the forecast model
You have given the following data about the amount your firm can manufacture per day given the number of workers it hires.
Assume that you have a normal distribution with mean =0 and variance =1. Assumee you control a likelihood test for mu =.07 and another likelihood test for mu =8.
Determine when a competitively produced product generates negative externalities in production, the industry will,
Recall from introductory economics that an raise of $1 in government spending may raise GDP through more than $1. The exact value by which GDP goes up is multiplier.
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