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A company recieves an average of .64 purchase orders per minute. Assuming a possion distribution for the number of purchases orders per minutes, what is the standard deviation for this distribution?"
Business Economics, Economics
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In a sample of 17 small candles, the weight is found to be 3.72 ounces with a standard deviation of 0.963 ounces. What would be the 87% confidence interval for the size of the candles?
Question: 1. Graphically illustrate a per unit tax imposed on the seller of a product. Identify the welfare loss and the portion of the tax paid by the buyer and the seller. 2. Beginning in a state of equilibrium in our ...
A federal agency responsible for enforcing laws governing weights and measures routinely inspect packages to determine whether the weight of the content is at least as great as that advertised on the package. A random sa ...
You work for a large company with tens of thousands of retail outlets throughout the world. The average sales at each retail outlet is $2,400,000 per year, with a standard deviation of $600,000. You want to put in place ...
Normal Curve (using the Z/Normal Chart) Please make a separate sketch for each question!!. Put all of the information and answers on your pictures (percents inside the curve, z-scores under the curve, mean and raw scores ...
A cohort study is conducted to assess the association between clinical characteristics and the risk of stroke. The study involves n=1,250 participants who are free of stroke at the study start. Each participant is assess ...
Why does a government undertakes expansionary fiscal policy? What are the problems of undertaking expansionary fiscal policy? When is fiscal policy more appropriate than monetary policy?
Match the Definition Consumer Surplus Producer Surplus The difference between the amount that buyers would be willing and able to pay for a good and the actual amount the buyer pays The difference between the minimum amo ...
Suppose demand is given by the equation: QD = 80/P Using the midpoint method, what is the price elasticity of demand between $2 and $4?
Below are the supply and demand schedules for fresh coffee in Vancouver: Price ($/cup) Quantity Demanded (cups/day) Quantity Supplied (cups/day) 1 440 330 2 415 360 3 390 390 4 365 420 5 340 450 6 315 480 7 290 510 a. Wh ...
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