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Suppose a certain opthalmic trait is associated with eye color. 300 randomly selected individuals are studied with results as follows:
EYE COLOR TRAIT | Blue | Brown | Other | Total ____________________________________ Yes | 70 | 30 | 20 | 120 ____________________________________ No | 20 | 110 | 50 | 180 ____________________________________ Total | 90 | 140 | 70 | 300
A. What is the probability that a person has blue eyes?
B. What would you expect to be the value P(having the trait and blue eyes) if eye color and trait status were independent?
C. Which of the following expressions describes the relation- ship between the events A = a person has brown eyes and B = a person has blue eyes? (circle the correct answer)
i. independent ii. exhaustive iii. simple iv. mutually exclusive
The following figures refer to a firm production department during a certain week. Estimate TVC and AVC. No. of workers employed 50
Assume market demand and supply are given. Equilibrium price of X is $100 per unit then producer surplus is.
What is the distinction between net investment and gross investment? Which is the total amount spent on investment in a given year? Which is the change in the capital stock?
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So explain how popsicles will be sold every day in the short run if the price rises to $2 each? In the long run, if the price rises to $2 each.
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Assume that there're 10 million workers in Canada and South Korea and each worker in Canada and South Korea can manufacture four cars per year.
Use the above data to answer the following questions-If the price of entertainment increases by 2 percent, what will happen to the quantity of food demanded? Please be specific
If the product is only a small part of your budget, it does not make that much difference if the price increases a little. But if it is a large part of your budget, like gasoline, it can make a big difference in how we respond! Elaborate.
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