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It is often important to monitor traffic on a website as organisations need to make online interactions with their clients faster and easier. For example, businesses applying for an Australian Business Number (ABN) online at <www.abr.gov.au> are asked to have a variety of information about their entity ready before they begin the online process. Assume that ABN online-application times are normally distributed with a mean time of 40 minutes and a standard deviation of 5 minutes. If a random sample of 50 applications is taken:
a. What is the probability that the sample mean is less than 38 minutes?
b. What is the probability that the sample mean is between 39 and 41 minutes?
c. The probability is 80% that the sample mean is between what two values symmetrically distributed around the population mean?
d. The probability is 90% that the sample mean is less than what value?
It seems that the information density and richness of the Internet and Web would tend to make markets more perfect. What are some continuing barriers to market perfection?
Which of the following statements about venture capital firms is false? Which of the following will not occur when a tariff is imposed on an imported product? Which of the following would we expect to see for borrowers with a high risk of default? Wh..
What are the pros and cons of trade restrictions? What are the pros and cons of free trade? Which is better in your opinion?
If the corporate tax rate is 36%, what would it's cost of equity be if the firm was all equity financed?
Mary is 26 years old now. Mary wanted to have $2000000 when she retires at age 65 by depositing money every month in a bank at a nominal interest rate of 7%. Draw the Cash flow diagram for the monthly deposits from the banks viewpoint. How much money..
“A producer who is attempting to maximize wealth (or profit) will never knowingly set their output where the demand for their product is ‘inelastic.’” Refute or prove this statement. Does your answer depend on whether the producer is a price taker or..
Consider the microenvironment facing a large, international airline headquartered in US (American or United Airlines) give 2 examples of important trends or events from each of 5 segments of airlines microenvironment ( macroeconomic, technological, d..
The direct and excess burdens from an excise tax are greater the less elastic is demand in the market. Real national income can never exceed its potential level.
q1. elucidate relationship among production curves average product and marginal product also cost curves average
The Law of Supply suggests that the price-elasticity of supply is: If a 10 percent increase in the price of one good results in no change in the quantity demanded of another good, then it can be concluded that the two goods are:
Economists argue about the potential benefits and cost of diversification. For example while diversification can certainly help company to promote new products at the same time through the merger of two firms it can be more expansive to develop commu..
Which of the following raise the incentive for households to save?
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