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Compute the following probabilities
a) If Y is distributed N(1,4) find Pr(y ? 3)
b) If Y is distributed N(3,9) find pr(y>0)
c) If Y is distributed N (50,25) find pr(40?Y?52)
d) If Y is distributed N(5,2) find pr(6?Y?8)
Describe dynamic multiplier
Limitations of the theory of rational expectations: Critics of this theory note that if policy makers have more information about the economy or their own actions than d
Discuss how income flows in governed economy, frugal economy, spend their economy.
The different between williams managerial discretion model and baumol''s sales maximization model
Determinants of balance of payments: Broadly speaking, trend behaviour of merchandise exports and imports along with their terms of trade, net invisible earnings and autono
On the day his son was born, a father decided to establish a fund for his son's college education. The father wants the son to be able to withdraw $4000 from the fund on his 18th b
Foreign Direct Investment and Development: In neo-classical economic theory, FDI involves the movement of capital from capital abundant to capital scarce host countries. Mun
state the term fall in the exchange rate A fall in the exchange rate must make UK exports price competitive in international markets and increase demand for them. This should
In 2010, Forbes magazine listed Bill Gates, the founder of Microsoft, as the richest person in the United States. His personal wealth was estimated to be $53 billion. If there were
what are the three motives of holding money?
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