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Buster Posey of the San Francisco Giants had the highest batting average in the 2012 Major League Baseball season. His average was .477. So assume the probability of getting a hit is .477 for each time he batted. In a particular game, assume he batted four times.
What is the probability of getting four hits in a particular game?
What is the probability of not getting any hits in a game?
What is the probability of getting at least one hit?? (PLEASE SHOW ALL STEPS)
Adam and Eve submit a married-filing-jointly return to the IRS. During the year their two jobs provided them with a combined income of $123,000. They had their second child during the year, and they plan to use the standard deduction of $9500 applica..
Consumption in year three is $200, investment in year three is $100, government spending in year three is $150, exports in year three are $100, imports in year three are $150. Prices for everything in year one are $20, in year two prices for everythi..
Compare and contrast two events motivated by incentives, one where the self-interested behavior was good for society and the other where it was bad.
The business cycle is really inevitable and will occur no matter what. So what is the point of macro policy? (Make sure you know what “policy” means)
Consider the following simple model with investment and government spending exogenous:
If total costs at each output level were to double, would the profit maximizing output level be greater or smaller? Can you answer this question without performing any calculations? Explain.
What is likely to happen to the supply of any good when a price ceiling is imposed?
One way to help establish new technologies is to employ something called a "quality circle". What is this and how do companies use them to help implement new technologies and stay on top of changes in the work environment?
If the quality differences of similar products are mostly imperceptible to the average consumer's eyes, which of the following will most likely play a major role in influencing the decisions of purchasers?
Make a table showing the value of marginal product for each screen from the first through the fifth. Illustrate what property is illustrated by the behavior of marginal products.
A demand function is given: Q=210-3p. P=35. Find 3 things: The quantity that consumers will purchase at this price, The total revenue, and last, at this price and quantity, find the price elasticity of demand. Use point slope method to find this elas..
A monopoly firm faces an inverse demand curve of P = 98 – Q and has a constant marginal (and average) cost curve of 49. If the firm can perfectly price discriminate, what are its profits; what are the consumer surplus, producer surplus and dead weigh..
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