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1) Suppose annual monthly murders in Medellin follows a truncated Poisson distribution with a mean of 128 murders per month with a standard deviation of 18. What is the likelihood that a sample of 36 months will result in a mean between 126 and 131?
A) About .79
B) About .49
C) About .89
D) This can't be done because the underlying distribution follows a truncated Poisson distribution
2) The average blood alcohol content of a resident of the "drunk tank" at Lambeau Field is .18 with a standard deviation of .04% Assume that blood alcohol content is normally distributed. What is the likelihood that 8 random drunks will have a blood alcohol content in excess of .2?
A) About 2%
B) About 6%
C) About 8%
D) About 10%
3) Which of the following would likely be a violation of the independence assumption?
A) You survey some bros about the number of sexual partners they've had in the presence of each other
B) You ask American's tell you their weight in kilos
C) You're interested in the testosterone levels of prison inmates and you sample offenders who were sentenced to probation
D) You shoot bighorn sheep without the lawful permits
The cost of desalinating seawater using conventional technology in the Persian Gulf is high (around 0.1£ per cubic meter) and requires extensive amounts of oil. Some time ago scientists suggested that it could well prove both practically feasible and..
Opportunity cost is defined:
Use the line and double-drop line tools to draw a graph depicting the demand for and supply of U.S. dollars with the exchange rate expressed as pesos per dollar. Label all curves. Plot and label the equilibrium (E1).
A new gear grinding machine for composite materials has a first cost of P=$100,000 and can be used for a maximum of 3 years. Its salvage value is estimated by the relation S=P(0.85)n, where n is the number of years after purchase. The operating cost ..
Let the inverse demand curve be p(q) = a − bq. Suppose there are two firms, with constant marginal cost equal to C. What are the equilibrium strategies of the two firms under the assumption the entire market is served.
Suppose the mayor is suggesting an increase in gas taxes that would affect the commute costs and thus bid rent curves for residents Pr=5.5-0.75x. Calculate the new size of the city.
1. Differentiate and economic theory from price theory. Why is it necessary to study both?
In this week's readings the Health Affairs article on Proposed Payer Mergers, what does the article say will happen to the commercial insurance market in insure
Synthesize how aggregate functions help the organization understand employee performance. Provide-an-example that supports-how the aggregate function
Candidates Weaponize Free-Trade Issue, Politico. Why Critics of Free Trade are Talking China, Not NAFTA, FiveThirtyEight. Economists Actually Agree on This: The Wisdom of Free Trade, New York Times.
How is materiality ( or immateriality) related to the proper presentation of financial statements?
Place a monetary value on each advantage or disadvantage. Develop a choice table for interest rates between 0% and 25%.
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