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Assume you have applied to two different jobs A and B. In the past, 20 % of applicants who applied for Job A were offered jobs, while Job B offered 10 % of the applicants. Assume events are independent of each other.
(a) What is the probability that you will be offered both jobs?
(b) What is the probability that you will be offered at least one job?
(c) What is the probability that one and only one of the jobs will be offered to you? (d) What is the probability that neither jobs will be offered to you?
An investment banker estimates the following probability distribution for the earnings per share (EPS) of a firm.
x(EPS) 2.25 2.50 2.75 3.00 3.25 3.50 3.75
P(x) 0 .05 0.10 0.20 0.25 0.20 0.15 0.05
Calculate mean (i.e., the expected value) and standard deviation of the EPS.
The price elasticity for butter is fairly high (in absolute value). Which of the following is among the reasons why its demand is so elastic?
How do adjustments in domestic interest rates help affect international investment flows? Are such adjustments effective in the long-run? Explain and cite your work (and replies).?
How does the relationship between saving and investment affect the current account balance? What is the connection between the government’s budget deficit and the current account deficit?
Discriminating monopolists are able to charge different prices to different customers. In fact, a perfectly discriminating monopolist is able to charge.
a. What is the probability of finding only one case of unmixed drugs? b. What is the probability of finding five cases of unmixed drugs?
q1. kieso company borrowed 710000 on a 120-day note at 14 percent interest. the money was borrowed for 45 days in 2011
Carefully explain the difference between the marginal rate of substitution and the marginal rate of transformation. Be sure to explain the economic meaning of each of these terms. What value does each of them take? (Answer should be in terms of margi..
Which of the following is the best example of a monetary target that a central bank might adopt as monetary policy conduct?
Federal Express offers two kinds of overnight delivery. There is priority overnight, which is guaranteed to reach its destination by 10:30 A.M. the next day, and standard overnight, which is guaranteed to be delivered by 3 P.M. the next day. Priority..
Survey collects data from subjects who respond to a series of questions about behaviors and opinions. Should survey format allow individuals a level of anonymity? Why or why not?
1. What is the cost of capital of this debt? 2.What is the value of your equity? What is the value of your ?rm?
The Cold War was about 'Brink Events', incidents which took the world to the brink of nuclear war. The East-West confrontation over Berlin and Cuba were both brink events which could have resulted in global destruction, but actually had the effect of..
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