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1. What is the difference between inflation and opportunity cost? In carrying out economic analysis, why is it useful to only use amounts that have been corrected for inflation?
2. What is interest? Explain the difference between compounding and discounting, and discuss the conditions under which each one is appropriate for analysis.
airlines sometimes overbook ights. suppose that for a plane with 50 seats 55 passengers have tickets. dene the random
a real estate investor is investigating whether the proportion of properties sold at auctions has declined from last
for each of the following questions explain whether a confidence interval for a mean response or a prediction interval
question a researcher is interested in comparing tastiness of different kinds of cheese in grilled cheese sandwiches.
Determine the minimum sample size required using prior study that found that 54% of respondents said they have high-speed Internet access.
Bob, who is different in many ways measures time in days, with 0 corresponding to his birth date. The day before his birth is -1 , the day after his birth is +1 and so on
An advantage of the permutation test over the t test for a difference in means, can Permutation tests be used for tests when we believe the two populations differ under the null hypothesis.
A researcher obtains t = 4.00 and MD = 9 for a repeated-measures study. If the researcher measures effect size using the percentage of variance accounted for, what value will be obtained for r2?
bara research group conducted a survey about church attendance. the survey respondents were asked about their church
Scores for men on the verbal portion of the SAT test are normally distributed with a mean 509 and a standard deviation of 112. Randomly selected men are given the Columbia
Carden's Carbonated Drink Company produces soft drinks in two litter containers that contain an average of at least 67.6 fluid ounces. Since both overfilling and underfilling the containers is unsafe the safety inspector wants to test the producti..
An article in USA Today stated that "Internal surveys paid for by directory assistance providers show that even the most accurate companies give out wrong numbers 15% of the time."
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