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1. The J.O. Supplies Company buys calculators from a Korean supplier. The probability of a defective calculator is 25%. If 16 calculators are selected at random, what is the probability that less than 4 of the calculators will be defective?
2. An important part of the customer service responsibilities of a cable company relates to the speed with which trouble in service can be repaired. Historically, the data show that the likelihood is 0.45 that troubles in a residential service can be repaired on the same day. For the first 8 troubles reported on a given day, what is the probability that more than 3 troubles will be repaired on the same day?
Given the production function between nurse hours and patient visits per day to a community clinic, how will each of the following shift the function. A change in nurse remuneration from salary to fee for service. A change in case mix of patients, wi..
Which of the following is not a necessary precondition for economic growth?
Assume that the production of scissors is represented by q = 6*(K*L)1/2 . In the SR, K is fixed at 144. The rental rate (v) is 25, and the wage rate (w) is 10. a. (4 pts) What is the STC function in terms of q? b. (2 pts) Using your equation in part ..
Suppose we have an agricultural valley 100km by 50km, with a polluting electricity power plant. The power plant causes pollution problems on a narrow strip of land downwind of the plant, and within this valley 10km in length and 500 m in width, but n..
What does the high degree of effective control of the world economy by 'the corporate tribe,' along with the extreme concentration of personal wealth in the United States in the hands of the same individuals.
Money and Monetary Policy. What is the difference between contractionary and expansionary monetary policy?
How many slack, surplus, and artificial variables would be necessary if the simplex method were used to solve this problem?
Create an automobile class that will be used by a dealership as a vehicle inventory program. The following attributes should be present in your automobile class
A firm sells its output in a perfectly competitive market at a fixed price of $10 per unit. it buys tow imputs L and K at prices of $15 per unit and $50 per unit respectively and has following production function: Q=100L0.3 K0.5. Use calculus to show..
1. Define, in your own words, the concept of globalization. 2. Relates your response to the concepts of developing economies and emerging economies.
Do the six measurements present sufficient evidence to indicate that the average weight of the diamonds produced by the new process is in excess of 0.5 karat?
How is this shifting of AD curve going to affect the price level and output level of the economy.
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