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A Gallup survey of 2002 adults found that 46% of women and 37% of men experience pain daily (San Luis Obispo Tribune, April 6, 2000). Suppose that this information is representative of adult Americans. If an adult American is selected at random, are the events selected adult is male and selected adult experiences pain daily independent or dependent? Explain.
In a small city, approximately 15% of those eligible are called for jury duty in any one calendar year. People are selected for jury duty at random from those eligible, and the same individual cannot be called more than once in the same year. What is the probability that a particular eligible person in this city is selected in each of the next 2 years? In each of the next 3 years?
multiplier modelc3000.5yd t1000 i200 g2000a. calculate the equilibrium level of gdp and demonstrate on a
How much can Wells Fargo lend to developer who will repay the loan by selling first 6 view lots out of 13 lots at $190,000 each 2 year from now Assume the bank will lend at a nominal 14% per year, compounded semiannually.
consider the following production function: q= 8lk+ 4l^2-(1/3)^3, Given the following expression for the marginal productivity of each input: MPl= 8K+8L -L^2 and MPk -8L Assuming capital is plotting in vertical axis and labor is plotting in horizont..
Suppose that fixed costs increase by $50 but the prevailing market price remains unchanged. Using algebra determine the effects of this change in cost on the profit maximizing output and the optimal profit. Algebraically calculate the profit maxim..
Suppose a randome experiment can be represented by 2 sets of events ,Aiand Bj ,with each pair of sub events (A1andA2,andB1,andB2) being mutually exclusive and collectively exhaustive. Find the conditional probabilities
The size of the labor force in a community is 800, and 720 of these folks are gainfully employed. In this community, 200 people over the age of 16 do not have a job and are not looking for work. In addition, 100 people in the community are under t..
Consider a Cournot game in which there are two firms that face a market demand represented as Q = 500 - p and the cost function of firm i is Ci(qi)=50qi. Part a . Derive the best response functions for each firm. Part b . Calculate the Nash Equilib..
You estimate the improvements will cause extra monthly expenses of $50 for property taxes, $45 for insurance, and $100 and $200 per month, respectively, in utility and maintenance costs. The life of this project is 15 years at which point the salv..
See whether you can explain the difference between the relationship of spot and futures prices for the pound and yen, respectively
what type of slope do you think an indifference curve would have? Why?
A needy family of a mother and three children currently receives cash benefits that average $12 per day. The mother of this family is allowed to earn an average of $4 per day before her benefits begin to decline.
According to Summers what is the most important event over the past 25 years in the global economy Does he see the success of China and the other emerging economies as a threat to the US Why or why not
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