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On average, 30-minute television sitcoms have 22 minutes of programming. Assume that the probability distribution for minutes of programming can be approximated by a uniform distribution from 18 minutes to 26 minutes.
a) What is the probability a sitcom will have 25 or more minutes of programming?
b) What is the probability a sitcom will have between 21 and 25 minutes of programming?
c) What is the expected duration of programming?
d) What is the mean and standard deviation of the random variable?
E) Write the equation of the probability density function?
f) Diagram the probability density function?
depreciation is 5 percent of capital in both countries and country A saves 10 percent of output whereas country B saves 20 percent. If A starts out with a capital-labour ratio of 4 and B starts out with a capital-labour ratio of 2, in long run:
In the long run, the greater burden of a specific tax will usually be absorbed by. A monopolist with multiple plants should allocate total production among plants so that. A price-discriminating monopolist should divide sales among markets so that
Explain the differences between external costs, private costs, and social costs and how the presence of external costs leads to market failure.
Suppose that the US current account deficit must be reduced. Explain in terms of CA ≈ (S – I) + (T – G) what must be done to reduce the current account deficit. Why will this be difficult? (Hint: It may be helpful to think about the household that ha..
In an aggregate expenditure model with no government or foreign sectors, represented by C = a + bY and I (an autonomous amount), an increase in the marginal propensity to save causes the multiplier to rise.
Looking at both the schedules of supply and demand, as well as the graph of the demand and supply curve for Maine Lobsters, what is the equilibrium price of lobsters and equilibrium quantity of lobsters demanded and supplied at that price?
Illustrate the monopoly solution and perfectly competitive solution in a clearly drawn graph. Calculate the deadweight loss due to monopoly.
Omar's marginal utility for cups of coffee is constant at 1.5 utils every cup no matter elucidate how many cups he drinks.
You borrow $500 from a family member and agree to pay it back in 6 months. Because you are part of the family, you are only being charged simple interest at the rate of 0.5% per month. How much will you owe after 6 months? How much is the interest?
Cinemax is the only movie theater in Dannyburg. As such, it operates as a price-discriminating monopolist. Two types of customers view movies there: adults (A) and high school students (S) . Their respective demand functions are: Qa = 6400 Pa-2 Qs = ..
After the financial crisis that hits the country of Cinfuria in 2007, 8 million people become unemployed. If 25 million individuals are lucky to keep their jobs, what is the unemployment rate? Please specify your answer to two decimal places.
What is the impact of the following factors on the optimal method of procuring an input.
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