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Many foods and beverages, such as coffee and scotch, are frequently termed "acquired tastes." Pliner (1982) was interested in investigating whether familiarity with a flavor leads to greater approval-the "acquired-taste" phenomenon. She had 24 undergraduates taste each of four unfamiliar tropical fruit juices 0, 5, 10, or 20 times. (For each participant she randomized which juice would be tasted how many times.) Participants were then asked to rate the degree to which they liked the taste of the juice. What statistical procedures are suitable for analyzing these data? What test would she use if she wanted a distribution-free test? (Note: She found the effect that she had expected-greater familiarity led to greater approval.)
where QI refers to the number of games they would play if the price of a game were PI. Because of their access to credit, they would be willing to pay an up-front fee to join the club. Wizards live from pay check to paycheck and would be willing t..
What were the results of empirical tests on the prevalence of factor reversal in the real world?
1. go back to the numerical example with no factor substitution that leads to the production possibility frontier.a.
Assume the following data describe the condition of the banking system: Total reserve $200 billion Transactions deposits $800 billion Cash held by pubic $100 billion Reserve Requirement 0.20
Explain this tendency of industrial clusters to break up in terms of the theory of external economies.
if a person borrows 12455.37 and agrees to pay it back in 60 monthly installments of 550.55 determinea effective
How Much Oversight? After the financial crisis in 2008, Congress wanted to have more oversight of the Fed and some suggested that the Government Accountability Office even audit the decisions of the Fed. What are the risks of this increased oversi..
A demand curve is given by the following equation: P = -2Q + 40. i) Calculate the Total Revenue when Q = 5 and when Q = 8. ii) Calculate the price elasticity of demand between Q = 5 and Q = 8. Round decimal answers to two places.
Cindy consumes goods x and y. Her demand for x is given by x(px, m) = 0.05m -5.15px. Now her income is $419, the price of x is $3, and the price of y is $1. b. Compute the demand of x under the new price.
Tom can produce 40 balls per hour or 4 bats per hour. Tessa can produce 80 balls per hour or 4 bats per hour. a. calculate Tom's opportunity cost of producing a ball. b. calculate Tessa's opportunity cost of producing a ball.
Assume that the average payment percase for the Medicare and Medicaid patients is $3,500. Assume thatHoly Family realizes no payment on its charity care and bad debtcases. Holy Family's contracts with commercial payers are negotiated
You are given the following model that describes the economy of Hypothetica. 1)Consumption function: C=100 + .8Yd 2) Planned investment: I = 38 3) Government spending: G = 75 4) Exports: EX = 25
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