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Let's assume that France produces one bottle of wine in 3 hours and Togo produces the same product in 7 hours. Also assume that France produces one pair of shoes in 6 hours and Togo produces the same product in 7 hours. What should the two countries specialize, and who should produce the wine and who should produce the shoes? Explain please.
sixty percent of all vehicles examined at a certain emissions inspection station pass the inspection. assuming that
How large a sample is needed if the principal would like to assert with 90% confidence that the sample mean is off by, at most, 7 minutes. Assume σ = 14 minutes.
A manager receives a forecast for next year. Demand is projected to be 600 units for the first half of the year and 900 units for the second half.
Issues, priorities, and politics in an election year. In July 2008, an NBC News/Wall Street Journal poll asked a sample of Americans to state which issue.
What is the coefficient of x^5 in the polynomial -8x^5+0x^3+14? Find the slope of the line that contains points (-4,-2) and (1,1)
Critically illustrate out the properties of a normal distribution. Explain why there are an infinite number of normal distributions.
The following table gives the number of pints of A blood used at Damascus Hospital in the past? 6? weeks:
According to an article in the New York Times, a new trend has been introduced by some of America's finest restaurants: refusing to offer diners bottled water.
If the null hypothesis is that the drug does not help patients with Parkinson's then the preliminary trial apparently committed which type of error
According to an exit poll taken by CNN during the 2008 Democratic Primary in Connecticut, 552 registered voters voted for Hilary Clinton and 598 for Barack Obama. Would you have been willing to predict Obama as the winner?
With a population standard deviation of $7810. Use α = 0.01 to test the researcher's theory. Assume wages in this industry are normally distributed, determine the 99% confidence interval of the population mean.
For this sample, you found that the average return was 13.5% and the standard deviation was 1%. Test Pollard's claim at α = 0.05. What assumptions are you making in this problem?
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