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a broadcasting executive is reviewing the prospects for a new television series,according to her judement , the probability is 0.25 that the show will achieve a rating higher than 17.8, and the probability is 0.15 that it will achieve a rating higher than 19.2. If the executive's uncertinity about the rating can be represented by normal distribution , what r the mean and variance of the distribution?
Suppose a typical consumer's inverse demand function for bottled water at a resort area where one firm owns all the rights to a local spring is given by P=15-3Q. The marginal cost for gathering and bottling the water is $3 per gallon.
A small business which produces plastic vacuum-suction covers for round household dishes has a monopoly that is protected by a utility patent. The market demand curve for this product is estimated to be: Q = 6009 - 25P where Q is the number of pla..
If the owner earns 5% interest on her investments, determine the equivalent annual cost of owning a car with the following costs (EOY=end of year). Initial down payment=$2200 Annual payments=$5500, EOY1-EOY4
Vipsana's Gyro House sells gyros. The cost of ingredients (pita, meat, spices, etc.) to make a gyro is $2.00. Vipsana pays her employees $60 per day. She also incurs a rent of $20 per day. Answer questions 17-10 accordingly.
E-loan,an online lending service,recently offered 48month auto loan at 4.8% compounded monthly to applicants with good credit rating. If you havae a good credit rating and can afford monthly payments of $480.
Assume an economy with a coal producer, a steel producer, and some concumers (no gov.) in a given year, the coal producter produces 15M tons of coal and sells it for $5 a ton. the coal producer pay $50M in wages to consumers
Given PxX + PyY = I and the information in question one above and a point system where px = 2, py = 8 and the number of points available is 450, is the consumer constrained by points If so, what is the consumption point
A firm purchases goods on credit worth $1,250. The same firm pays off $1,000 in old credit purchases. An investment is made via the purchase of a new facility and equity is issued in the amount of $3,000 to pay for the purchase.
Suppose a consumer has wealth w and is considering investing some amount,x,in risky asset.This asset can earn a return of Rg(which is positive return and therefore a good outcome or Rb
Billy Penny is trying to determine how many units of two types of lawn mowers to produce each day. One of these is the Standard model, while the other is the Deluxe model. The profit per unit on the Standard model is $60, while the profit per unit..
Save U More, a grocery in Iowa, purchased 2000 lbs. apples from an Iowan farmer at $0.4 per pound. The grocery store sold 1500 lbs. of the apples as fresh apples at $0.9 per lb., used the rest (500 lbs.) to make 200 gallons of apple cider, and sol..
An accounting and management consulting firm charge out rate is $112 per hour. The maximum output is 214,000 hours per year. The fixed cost is $610,000 per year and the variable cost is $62 per standard service hour. What is the breakeven point in..
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