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Consider the following sample of nine wait times measured in seconds at a drive through coffee shop. The population mean and standard deviation are 100 and 20 respectively.
125 95 66 116 99 91 102 51 110
a. What is the size of the sampling error in this case?
b. What is the probability that the average wait time would be less than 80 seconds?
c. What is the probability that the average wait time would be more than 109 seconds?
d. What is the probability that the avrg wait time would be btwn 90 and 95 seconds?
e. What is the probability that a customer waits more than 65 seconds?
f. Calculate the sample st deviation.
Determine the reaction function for each firm. Firm 1: Q1 = - Q2, Firm 2: Q2 = - Q1 b. Calculate each firm's equilibrium output. c. Calculate the equilibrium market price. d. Calculate the profit each firm earns in equilibrium.
A firm is a monopoly with demand p+120-y and cost TC=y^2-4y+1000. suppose the government imposes a price ceiling of $90. what is the monoploist's profit maximizing quantity when the price ceiling is in place what if the price ceiling is $80
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Groupon is a popular group purchasing and daily deals website. In a current promotion, a local restaurant to sold buffet vouchers at a step discount on Groupon's website.
Suppose that you have just been employed as a consultant to help a company decide which of 3-options to take to maximize the value of the company over the next three years.
Calculate the net private benefits of the project to the foreign-owned company, as a net present value and calculate the net social benefits of the project from the viewpoint of the Australian economy, with the same criterion.
Determine the Herfindahl index for an industry composed of three companies one with 70% of the market, and the other two with 20 and 10 percent of the market respectively one company with 50% share
What is the sample standard deviation of weights and calculate the change in weight
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Microsoft sells three different programs in their office suite: Word, Excel and PowerPoint. Each has a marginal cost of $15. There are three types of con- sumers, writers, accountants and professor, who have the following values for the three diff..
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