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Suppose that there are two (2) candidates (i.e., Jones and Johns) in the upcoming presidential election. Sara notes that she has discussed the presidential election candidates with 21 friends, and 14 said that they are voting for candidate Jones. Sara is therefore convinced that candidate Jones will win the election because Jones gets more than 50% of votes.
Answer the following questions in the space provided below:
1. Based on what you now know about statistical inference and using a one-tail alpha (0.025), is Sara's conclusion a logical conclusion? Why or why not?
a. What inference test should she use?
The demand functions (a) and (b) are given as 79.5 and 1.1 respectively. Calculate the daily sales during the discount sales period.
Our discussion board topic listed three potential solutions to the overuse of common resources: command and control, cultural norms, and creating property rights. Imagine you are a policy maker in California with the ability to design an intervention..
A pharmaceutical company has already spent 1 million dollars in research for a new drug and now has to make a decision. The company can either terminate the research program or it can move to the development phase. If the company moves to the develop..
Who are the characters Assumed to represent. Illustrate what did they want.
A firm that produces and distributes electricity has mostly fixed costs. It also tends to be the only provider of electricity in its market. This is an example of pure monopoly resulting from the firm:
The government has decided to reduce the pollution also from now on will require a pollution permit for each ton of pollution emitted.
Draw a graph showing how an increase in aggregate demand could produce a higher output with no change in the average price level. Draw a graph showing how a decrease in aggregate demand could produce a lower average preice level and lower national in..
Write a program using semaphores that avoids deadlock. Do not worry about a series of eastward moving baboons holding up the westward moving baboons.
Let’s try an application of the Heckscher-Ohlin model to our countries of Leinster and Saxony, which produce and consume bread and telephones. You may assume that the only two factors of production are labor and land. If Leinster has 8 million acres ..
In an oligopolistic market, firms pay close attention to the strategies of their rivals. In monopolistic competition, with a large number of sellers, it is assumed that there is not this kind of rivalry, or interdependence. Why is there probably some..
For each of the situations below use supply elasticity to explain the how the equilibrium price and quantity change. (a) The demand for collectable baseball cards from the 1950s increases. (b) The demand for silver decreases. (c) In the long run, the..
Compute the Weighted average cost of capital (WACC) assuming the firms cost of debt is 4% and the firms cost of equity is 13.3%.
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