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(A) State the Central Limit Theorem.
(B) The weight of an average footballer in team A is 220lbs. The standard deviation is 15lbs. A coach scouting a sample of 4 footballers will sign them if the sample mean weight is less than 215lbs.
i) What is the probability that he will sign them?
ii) If the coach samples 100 players, what is the probability that the sample mean weight will be less than 215?
Two firm in town sell yarn. Both advertise that they will beat their competitor's price. Why might such a guarantee lead to higher prices?
Consider Bertrand competition but with differentiated products. The products are Mishka’s coffee and Temple coffee. The demand for Mishka’s coffee is given by qM =12 − 2pM + pT where pM is the own price of coffee and pT is Temple’s price of coffee. F..
What are the drawbacks and benefits associated with moving a business unit and corporate Headquartersto another country?
Construct a 95% confidence interval to estimate the actual proportion of taxpayers who filed electronically in 2010.
Developing countries are often concerned that their terms of trade might deteriorate as economic growth occurs. In terms of the analysis of part (a) of this question, other things equal, what type(s) of growth must occur and what type of country (“la..
You are responsible for detecting the source of errors when the computer system fails. From your analysis you know that the source of error is the disk drive, computer memory, or the operating system. You know that 50% of the errors are disk drive er..
What are the differences between the classic Marx approach to capitalist globalization and the "world systems theory"?
Discuss what happens to equilibrium price and sales. Explain why or why not this makes sense in the real world.
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If the firm produces 450 boots, then the firm's total cost is more than $90,000t, true or false?
A hospital anticipates that spending $100,000 on an advertising campaign will increase bed days by 1,000. The marketing department anticipates that each additional bed day will yield $2,000 in additional revenue and will increase costs by $1,200. Sho..
How do government policies and/or regulations factor into changes in economic activity on both a domestic and global scale? Give a specific example of a policy or regulation that has helped economic activity.
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