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The mean of a normal probability distribution is 400 pounds. The standard deviation is 10 pounds. a. What is the area between 415 pounds and the mean of 400 pounds? b. What is the area between the mean and 395 pounds? c. What is the probability of selecting a value at random and discovering that it has a value of less than 395 pounds?
International trade has pros and cons. Economists generally supports free trade. International trade has played a significant part in promoting economic development and technology transfer among countries. There are also various arguments in favour o..
A clever, rich, and wealthy local politician promises to give you $1,000 on the first day of four months before elections….From here on he will give you 9/10 of the amount he gave you the day before… What is the total amount you will receive? When wi..
A company operating in a purely competitive environment is faced with a market price of $250. The company total cost function (short run) is
A firm has estimated the following demand function for its product: Q = 8 - 2P + 0.101I + A where Q is quantity demanded per month in thousands, P is the product price, calculate values for quantity demanded, price elasticity of demand, income elasti..
q1. the supply side economics of the regan administration 1981-1988 presumed that income tax cuts would stimulate
Car Wash Intl. is considering four possible sites for its new operation in Houston area. Based on the information provided below, use break even analysis, plot break-even graph with breakeven points, and recommend best location for different range of..
Patrick chooses to use his time ‘free-time’: (a) working out or (b) reading. Patrick currently has 20 hours a week to allocate to these two activities. It takes Patrick 1.5 hour to work out and .5 hours to read. Draw Patrick's budget constraint and o..
Most doctors would probably agree that a Mediterranean diet, rich in vegetables, fruits, and grains, is healthier than a high-saturated fat diet. Indeed, previous research has found that the diet can lower risk of heart disease. What percentage of pe..
Why has the cause of marriage equality been more successful in the United States than in Australia? How is marriage equality good for the economy?
Which one of the following is a possible operation performed by this sequence?
The Cobb-Douglas production function is given by: Y = AK^(α)L^(1−α) where 0
Analysis of Viet Nam economy's GDP composition and growth over time, as well as an investigation of Viet Nam's basis for income generation and any and all constraints to growth.
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