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1. Show that if Y1 has a chi-square distribution with v1 degrees of freedom and Y2 has a chi-square distribution with v2 degrees of freedom, then U = Y1 +Y2 has a chi-square distribution with v1 +v2 degrees of freedom, provided that Y1 and Y2 are independent.
Discuss the costs and benefits of decentralized decision making relative to centralized decision making. Do you expect Mark to succeed in this endeavor? Why or why not? Explain your reasoning.
Would the world benefit from the general imposition of controls on the movement of international finance?
A company has the following short run demand and cost schedule for a particular product: Calculate the total profit or loss this firm would make
Its central staff has decision rights to ensure a standard presentation is presented in all editions. Discuss the pluses and minuses of Microsoft's policy relative to Encylopedia Britannica's.
Define three types of elasticity of demand. Indicate how you would use information from recent research paid by your company that the own price elasticity of your product is -1.2 and not -0.8 as previously thought.
Jesse, Corporation, located in Mesa, Arizona, manufactures high-end baby chairs. The company's cost accountant, Lisa, has been assigned through the CEO to determine how many baby chairs Jesse, needs to make and sell in order to break even.
He stresses that objective measures provide a clear target for employees, but mentions none of the potential costs. What are the potential problems associated with using objective performance measures?
What does each measure? Which is most important to measuring changing price levels in an economy and why?
During the next decade, per capita disposable income is expected to increase by $5,000. What effect will this have on the firm's sales?
Which event will Michael decide to attend? Explain why. How much would Fred have to charge Michael for the concert ticket in order to make Michael not care which event he attended? Explain why.
the new york botanical garden is a very large garden in the bronx renowned for its beautiful flora. it is so large
Difficult concept or formula you have encountered, as well as what made it so and the possible impact of an economist not understanding that concept or formula at all.
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