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Explain why consumer satisfaction is maximized when indifference curve (IC) is tangent with the budget line (BL). Illustrate using graph to represents the satisfaction maximizing choice associated with two products in German which wage is $10 per day.
A doctor id measuring children's heights to the nearest 1/2 inch and obtains scores such as 40.0, 40.5, 41.0, and so on. What are the real limits for a score
Traveling to work How long do people travel each day to get to work? The following table gives the average travel times to work (in minutes) for workers.
1. Construct the exponentially smoothed series for fried dough and soft drinks using a = 0.30 and a = 0.70.
A manufacturer of boxes of candy is concerned about the proportion of imperfect boxes - those containing cracked, broken or otherwise damaged candies.
In 2006 the age distribution for mothers in the United States who had a first child that year was as follows (Martin et al., p. 31).
The U.S. Bureau of Labor Statistics released hourly wage figures for western countries in 2000 in the manufacturing sector. The hourly wage was $24.01 in Germany, $22.00 in Japan, and $19.86 in the United States.
suppose the probability of a bike getting stolen in honolulu is 10 and 22 bikes are randomly selected in honolulu.1
Find a graph that is used in the news (online). Provide the website and three insights that you have about the graph.
What is (1 – ß), the probability of rejecting the null hypothesis of part a, when in fact the true yield of the process is 0.925?
Suppose that a X2 test of independence at the level of significance 0.05 is to be applied to the elements of a 2 x 2 contingency table containing 2n observation
Your financial advisor sees this and tells you there is a 100% chance XYZ stock will gain over the 2-month period. Would you continue to use this financial advisor? Explain.
given the monthly incomes for 16 randomly selected people with a bachelors degree in business4832.15 5222.36 4917.71
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