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The daily demand for coke cans in a cafeteria is approximately normally distributed with mean 150 and standard deviation 20. Let X be a RV that represents the demand.
1. P(X ≤ 200) = ?
2. P(X ≥ 180) = ?
3. P(150 ≤ X ≤ 180) = ?
4. How many cans should be stocked so that P(running out of cans) = 0.1?
In December 1998, after a year in which Asian demand for B.C. lumber had fallen dramatically, an article in The Globe and Mail had the following headline: “Drastic Cost Reductions Needed to Save 13 B.C. Sawmills”. Does this headline suggest that B.C...
Evaluate why policymakers face a short-run trade-off between inflation and unemployment and why the unemployment's trade-off disappears in the long run
You own 2,200 shares of stock in Avondale Corporation. You will receive a $1.60 per share dividend in one year. In two years, Avondale will pay a liquidating dividend of $60 per share. The required return on Avondale stock is 20 percent. Ignoring tax..
Consider the utility function U(X,Y)= X.25Y.75. Is this an assumption that more is better for both goods? What is the marginal utility of X? Does the marginal utility of X diminish, remain constant,or increase as the consumer buys more X?
which of following is a characteristic of a binomial experiment. A. at least 2 outcomes are possible b. probability changes from trial to trial c. trials are independent d. None of these alternatives is correct.
Some years ago a critic of what economists were saying about the U.S.'s international trade position argued that it was essential that the U.S. as a country should run a trade surplus and maintain a healthy positive net inflow of foreign financial..
A water utility for a growing city is considering expanding their capacity by investing in a larger system of wells. Their long-run marginal cost of water provision is characterized by the function MC(q) = 5 + 2 3 q (q is in thousands of gallons). De..
Suppose it is believed that the U.S. dollar will steadily depreciate against the euro at a rate of 2% a year over the next three years. After that, people expect the dollar–euro rate to be steady. Ten-year U.S. government dollar bonds yield 8%. What ..
(a) What is the profit function of each bar? (b) Find and draw the best response functions of each bar on a single diagram.
Identify three types of competition that most firms encounter other than competition from other firms in their industry in their home country.
Suppose that last year one dollar US exchanged for one euro if this year one dollar exchange for $.90 euro we can conclude that:
Calculate the Lerner Index for both firms and interpret your results.
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