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Assume that we draw two random samples of students from Coles college of Business. One group includes 10 economics majors and another includes 30 finance majors. From these two groups we obtain the following statistics regarding the performance on the final calculus exam: Economics: the average value is 87, the standard deviation is 9; Finance: the average value is 91, the standard deviation is 5. Please conduct a 90% significance test for the equality of the two population variances and state if such a test would reject or not the null hypothesis that the two variances are equal.
The expected annual net savings in operating costs will be $25,000 during the first year and $40,000 during the second year. If your interest rate is 10%, what would be the equivalent net savings per machine-hour?
Compute the resulting utility if the population were on million higher and one million lower than the optimum.
A tax is imposed on a certain good. The tax produces revenue of $5,000 for the government. The tax reduces consumer surplus by $3,000 and it reduces producer surplus by $4,000. What is the amount of the deadweight loss of the tax?
q1. briefly summarize this loanable funds theory in your own words. identify at least one important entrepreneur that
Some economists have suggested that the best way to control medical costs is to remove the profit incentive for health care providers, particularly hospitals.
Why do so many members of Congress believe that the federal government should subsidize local projects, such as improvements in bus or subway systems in major cities?
Advise Steve whether he will able to rely upon his insurance policy. Support your answer with relevant cases and legislation.
There is currently a surplus of allowances at the price of zero. What must be true of the relative positions of the market demand and supply curves? Explain. If the EPA were to allow firms to use allowances to emit sulfur dioxide as they did in the p..
In an effort to bring inflation down they had set interest rates at 5% in 2018. How should the federal resent react if they desire to bring inflation down to 3%. When will they achieve that goal? (Hint: maintain plenty of decimal places.)
q.assume the production function of the company isq 7v - 0.5v2where q is the production and v is the number of
Develop a researchable topic and prepare a research proposal using the layout outlined given.
Isabel's preferences for consumption C and leisure L can be expressed as U(C, L) = (C – 120) x (L – 90), implying that her marginal utility of leisure is (C – 120) and her marginal utility of consumption is (L – 90). What is her marginal rate of subs..
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