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The NBC hit comedy Friends was Tivo's most popular show during the week of April 18-24, 2004. According to the Nielsen ratings, 29.7% of Tivo owners either recorded Friends or watched it live. Suppose you select a random sample of 50 Tivo owners.
a. What is the probability that more than half the people in the sample watched or recorded Friends?
b. What is the probability that less than 25% of the people in the sample watched or recorded Friends?
c. If a random sample of size 500 is taken, how does this change your answers to a and b?
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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