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Suppose there are two events, A and B. A and B are mutually exclusive. P(A)=.4, P(B)=.5. What is P(A'?B')? 4. Suppose there are two elementary schools in a county. One school (A) loans all its students a laptop computer for use in classes. The other (B) does not. We would like to compare performance on a standardized test for the two groups of students. There are 28 students randomly chosen from school A and 34 from school b. The average test score for A is 78, and for B is 75. The sample standard deviation for A is 7 and for B is 10. While the population variances are unknown, we will assume they are equal. a. What is the 99% confidence interval for the difference between the two school's scores. (For consistency, let the difference d=A-B.) b. Suppose we want to perform a two-tailed test where H0 is that ?d=0. What is (approximately) the p-value of the test
The rm must pay a xed cost of $80 if it produces any positive amount, but does not have to pay this cost if it produces no output. Illustrate the smallest integer price that would make a rm willing to produce a positive amount.
If a large-scale war resulted in massive destruction of physical facilities, but not loss of life
When a war breaks out in the Middle East, the price of gasoline rises, and the price of used Cadillac falls.
The firm output sells competitively explain how many tons of output will be produced.
Using appropriate diagrams and notations,carefully explain the relationship b/n elasticity, total revenue and marginal revenue. 2,discuss the uses of elasticity of demand.
The vertical long run AS curve compatible with classical economics implies that AD only determines the price level
Explain why this budget constraint but you cannot tell anything about the MRS at this point.
Explain General Medical makes disposable syringes for hospitals and doctor supply companies. The company uses cost plus pricing and currently charges 150% of average variable costs.
By choosing to right of mid point but to left of republican agenda democrats would get more than half of votes and win What happens if democrats have a fairly socialist party agenda and locate to left of midpoint.
How would each of the subsequent affect Helena's hand basket supply of worker.
Forecast Ace weather's mercury requires for January, April, July, September also December of 2007. The following actual also forecast values of mercury requires in the month of November have been recorded.
The benefit of cutting down a forest is $1 million now. the environmental cost of that harvest is $10/year forever.
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