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Entry to a certain university is determined by a national standardized test. The scores on this test are normally distributed with a mean of 500 and a standard deviation of 100. Tom wants to be admitted to this university and he knows that he must score better than at least 70% of the students who took the test. Tom takes the test and scores 585. Will he be admitted to this university? I know the answer is 80.23 not sure how to get there?
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public.
Principles of Economics: ECON11026 - Determine the profit- maximizing level of output and plot on the graph - Explain with reasoning as to why the governments
Compute the publisher's pro?t maximizing price as a function of a.
How do differences in manufacturing, costs affect which industries would be most likely to be affected by the removal of patents?
Suppose that a business owns the land on which it factory sits and thus pays no one rent. The rental market value of the land is $200,000 per year. It pays $800,000 per year for labor and inputs and also pays $200,000 per year for insurance. If the f..
Colin and Isabelle both have a weekly dessert budget of $20. The price of an ice cream cone is $2.50, and the price of a candy bar is $1.25. Using a Consumer Choice Theory diagram (budget line & indifference curves), show how it is possible that Coli..
Discuss why users try to break into other users computers and information systems.
How might advertising reduce economic wellbeing? How might advertising increase economic wellbeing? Given an example of each case and explain.
An aggregate-supply (AS) curve is described by the equation Y = YLR + a × (P – PEXP), where Y is current output, YLR is the long run level of output, a is a positive constant, P is the current price level, and PEXP is the expected price level. Suppos..
Assume that an individual’s preferences is represented by the following utility function: U(X,Y) = (X^α)(Y)
if income were hypothetically $0 aggregate expenditures would be $2,500. What is the marginal propensity to expend?
The legislature has stated that the $.03 tax will increase goverment revenue by $300,000 per month and raise the price of gasoline by $.03 per gallon. is this correct.
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