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Alex's home run hitting distance is normally distributed with a mean of 410 feet and a standard deviation of 29 feet. He wanted to find the probability that his home runs traveled at least 375 feet. He calculated the z-score to be -1.21 and looked up the probability on the Standard Normal Probabilities table. He found that the table stated his probability as 0.1131. Determine whether Alex made an error in his calculation and explain.
Specific areas of health care that you think may be worse off than others. Special population, communities or geographic areas that may be worse off compared to others. What about the uninsured and the under insured, do you think that they deserve wh..
a. On a graph of the market for low skilled labor, show the effect of the minimum wage on the quanitity of labor employed. b. Explain the effects of the minimum wage on the workers surplus, the firms surplus and the efficiency of the market for low..
Apple put on the first smartphone, making them the Stackelberg leader. Samsung, HTC and Sony release their smartphones some time later. Consider the market competition game between these three companies. Characterize the output level for each firm an..
You are the Chief Economic Advisor of the President of Dreamland. Right now the country has unemployment of 5.0 %. The country has suffered a severe recession few years ago and it is showing some signs of slow growth lately but lot of people are stil..
If your nominal income rose by 5.3 percent and the price level rose by 4.8 percent in some year, by what percentage would your real income (approximately) increase? If your nominal income rose by 2.8 percent and your real income rose by .9 percent in..
As price elasticity of supply increases, the supply curve 1) becomes flatter, 2) becomes steeper 3) becomes downward sloping, or 4) shifts to the right?
Based on the above information, what is the appropriate sampling distribution to use in this hypothesis test?
a) Find the equations for total cost and total revenue. b) What is the total number of persons that will allow the place to just break even?
Differentiate among bond, common stock and preferred stock from the perspective of risk, relationship of risk to dividend/coupon rates, and possible recurring.
Draw the real labor demand curve for each country.
1. Suppose that society decided to reduce consumption and increase investment.
Why is the private market for public goods typically characterized by under provision. Under what situations will we expect the private market to overcome this problem?
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