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Everyone knows that giraffes are tall, but how much do they weigh?
Let's suppose that the weight of male giraffes is normally distributed with mean 1200 kg and standard deviation 200 kg. I volunteered at the zoo and was given the task of weighing their male giraffe Beau. Now weighing a giraffe is not easy and the process produces random errors following a N(0, 1002)distribution. To compensate for the inaccuracy of the scale I weighed Beau three times and got the following measurements:1250 kg, 1300 kg, 1350 kg .
What is the posterior expected value of Beau's weight?
Economists says as if economic growth is necessarily a good thing, many question the sustainability and even the morality of ever increasing economic growth.
The company has already spent $150,000 on research and development for the drug. The first round of clinical trials has been performed cost $75,000 and the results from the trials were promising. The company is considering whether to proceed with ..
The invisible hand theory which essentially says, people through pursuing their own economic self interest, help allocate resources in the economy as if an invisible hand is at work to do so.
Under certain circumstances, expansionary Fed policy may not have much of an effect on the rate of economic growth. Give a reason why, and explain?
The firm is considering a movement of the plant to Shenzen, China where labour is cheaper. The same mathematical relationship between inputs and outputs will hold.
Inequality within many developed countries is increasing. Evaluate the impact of policies designed to reduce inequality in a developed country of your choice
If Greece leaves the Euro zone there will be macroeconomic consequences. The possible collapse of the Euro zone acts as a shock to sellers around the world worried about international economic stability. Show the short run impact of such an event..
Which of these economies is likely to (a) need a higher level of overall savings? Why? (b) have a higher general multiplier? Why?
Despite being a major industrial force in Korea, several of the company's divisions are unprofitable, or "bleeding red ink" in the words of the article. Indeed, last year the power plant and oil refineries building division recorded a $105 million..
Analyze the major barriers for entry and exit into the airline industry. Explain how each barrier can foster either monopoly or oligopoly. What barriers, if any, do you feel give rise to monopoly that will allow the government ..
There are 10 identical firms that have the common cost function c(y) = y 2 + 9. The industry demand function is given by X (P) = 200/
sam arrived on campus at the beginning of the academic year with 480 to spend on textbooks and cds. the price of a
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