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The manufacturer of bags of cement claims that they fill each bag with at least 50.1 pounds of cement. Assume that the standard deviation for the amount in each bag is 1.2 pounds. The decision rule is adopted to shut down the filling machine if the sample mean weight for a sample of 40 bags is below 49.7. What is the probability of a Type I error?
Monetary expansion causes the current account balance to increase in the short run. Discuss this statement. Is the same true for fiscal expansion?
What do you see, if any, as the limitations of wind power. What do you believe could be an alternative for coal power.
Suppose that an automobile costs $30,000 in the United States and 25,000 Euros in France. Further suppose that the exchange rate is .8 (one US dollar = .8 Euros).
How does capital investment affect the marginal physical product of labor? Does more college education have the same kind of effect?
Average visits per week equal 640 when the copayment is $40 and 360 when the copayment is $60. Calculate the percentage change in visits, percentage change in price, and price elasticity of demand using 640 and $40 as the denominators for percentage ..
When the price of good X is 100, the quantity demanded is 100. Calculate the relevant elasticities for the following changes: When the price of X changes to 50, the quantity demanded rises to 250. When the price of Y changes from 5 to 10, the quantit..
Discuss how you would use regression to help you with your task—specifically, explain how you would go about evaluating the goodness-of-fit and the predictive efficacy of your model.
What are the stereotypes about memory performance in older adults? What does the research suggest about each of these areas? What is myth and what is reality?
The annual bonuses ($1,000s) of six employees with different years of experience were recorded as follows.
Suppose an individual demand curve is given by P = 100 - 5Q, where P is the price of smoothies and Q is the quantity she consumes. Assuming her income per week is $1,000 and the current price of smoothies is $5 each
Why do firms in perfectly competitive markets not make any economic profit in the long run? Would be smart for a firm to lower its price in a perfectly.
What is different between relative volatility and absolute volatility in option?
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