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Current estimates show that of all deaths are due to cancer, 52% are due to tobacco use, 8% to diet and 40% to other causes.
A. What is the probability that a cancer death will be due to other causes?
B. What is the probability that someone with cancer would die from either diet or tobacco use?
C. What is the probability that if 3 people are chosen at random that you would choose two who died from tobacco use and someone who died due diet? (With Replacement)
Suppose that each unit of product A requires 4 workers and 1 unit of capital to produce, whereas each unit of product B requires 5 units of capital and 2 workers and that it is the case irrespective of prices (no factor substitution). What does this ..
The FED is facing a problem of unemployment. What policy should be used? How would each of the tools at the FED’s disposal be used? If a student deposits a $600 tax refund and the required reserve ratio changes to .2, then how much additional money c..
You are to write a paper, convincing the president of the company of your conclusion and explaining what the company's pricing strategy
The American Baker’s Association reports that annual sales of bakery goods last year rose 15 percent, driven by a 50 percent increase in the demand for bran muffins. Most of the increase was attributed to a report that diets rich in bran help prevent..
Write an essay about the importance of the Triple bottom line: economic, social and environmental sustainability. Evolution of ethical theory as applied to individual and organizational behavior in business over historical periods.
Discuss how a purely competitive firm might gain market power (and therefore no longer be a purely compettiive firm). Be detailed and specific. Why would a firm wish to gain market power? How would the firm's success in gaining market power affect th..
A mine is for sale for $240000 it is believed the mine will produce a profit of 65000 the first year but the profit will decrease $5000 each year after that, eventually reaching zero, whereupon the mine will be worthless. Determine the rate of return..
Write an algebraic formula that gives Mr. Midas' demand for money as a function of bond and chequing account interest rates.
Who or what group is responsible for monetary policy in the US? Just how independent are they of political pressure
What is predation? What is the Chicago school criticism of predation and what is the counterargument to this criticism? Give four non-predatory reasons as to why firms respond aggressively to entry. Is there any evidence that can allow one to disting..
Compared with lower inflation rates, a HIGHER inflation rate will (increase/decrees) the after-tax real interest rate when the government taxes NOMIAL interest income. This tends to (encourage/discourage) saving, thereby (increasing/decreasing) the q..
Suppose the economy is in a recession and per capita disposable income is expected to decrease by 5%, then what percentage effect on sales would you expect to take place.
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