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1. A college president wants to find out which general study courses students beleive are the most beneficial to them.he decides to have students anonymously completea questionnaire on the college website to gather his data. There are 15,000 students who attend the college. The college president ends up getting 2,000 of thses students.a. the population of the college president's research is?-------
b) the sample of the college president's research is -----
c) is there bias in this study? use appropriate vacabulary to explain your answer.
2. studies show that 1% of american are vegetarian and 0.5% of american are vegan. what percentage of american are not vegetarian or vegans?
3. for a medical study, a researcher wishes to select people in middle 74% of the population based on blood pressure. If the mean systolic blood pressure is 120 and the standard deviation is 8, find the upper and lowerreadings that would qualify people t participate in the study.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
The Australian government administers two programs that affect the market for cigarettes
How many tickets to sell to maximize total welfare.
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
Depict the von Neumann-Morgenstern utility index u in a diagram
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Calculate gross national product and net national product
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