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Suppose that the creatine kinase levels among healthy males are normally distributed with a standard deviation of 23units/L. Research shows that exactly 5% of the healthy males have a creatine kinase level above 153 units/L. What is the mean creatine kinase level in healthy males? Carry your intermediate computations to at least four decimal places. Round your answer to at least one decimal place.
A firm uses labor and capital to produce output according to the production function q= 100KL, where L is the number of units of labor used and K is the number of machines. Suppose the price of capital is $120 per day and the price of labor $30 per d..
Now assume Mario Draghi, head of the ECB, becomes concerned about deflation in Europe, and engages in expansionary monetary policy.
Explain the inter-relationship between economic development and economic growth. Elucidate your answer with examples of countries that have high income per capita but low levels of development.
When the output is a service rather than a good, it sometimes is difficult to quantify this service. Furthermore, the quality of a service is often as important (if not more important) than the quantity. In the field of education, in obvious quantita..
Which of the following defines an effect time lag?
An investor has a project that would cost $60 million today and yield a payoff of $10 million in the end of year 1, $20 million in the end of year 2, $30 million in the end of year 3, and $30 million in the end of year 4. Should this investor underta..
How does a bankers acceptance differ from an ordinary check? Rank the following instruments from most liquid to least >1$bill, share of ibm stock, municipal bond issued in alaska, treasury bill.
What are the impact of inflation on their businesses. What are the impact of market participant's expectations on forward markets for currencies.
Supply (like Technology) and provide a one sentence justification. Use separate supply and demand diagrams to illustrate how each of these hypotheses could lead to an increase in the quantity of drugs consumed. Be sure to carefully label each graph, ..
Why is Germany now leading the charge for fiscal coordination? How has Germany’s reliance on the Eurozone countries contributed to its own economic slowdown?
A country faces two petroleum product markets, foreign and domestic and there is no resale between the two markets. The inverse demand curves for the domestic and foreign markets are expressed as follows: Domestic: Pd = 100 - 15Q Foreign: Pf=60 - 2.5..
Table 1 is a payoff matrix for Harvard and Yale. They were recently caught colluding on tuition rates and can no longer confer on rates. The payoff matrix describes the tuition revenues they will each receive by charging high or low tuition rates. Wi..
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