Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

(a) How many capsules should a box of amoxicillin antibiotic contain? Medical research claims that 8 days of treatment with 3 tablets each day should be sufficient to kill all pathogenic bacteria. Suppose a random sample of 100 patients revealed that 10 of them have experienced relapses (i.e., not all bacteria killed and disease returned). If the alternative hypothesis is that more than 24 tablets would be required to kill all the bacteria, should the null hypothesis be rejected at α = 0.05?

(b) A manager of a firm wanted to determine if the mean daily car rental rates in Sydney is higher than that of Melbourne. He conducted a survey of 15 car rental companies in Sydney and found a sample mean of $89 and a sample standard deviation of $13. Similar survey of 12 car rental companies in Melbourne yielded a sample mean of $76 and sample standard deviation of $19. Use α = 0.01 to test whether the average daily car rental rates in Sydney is significantly higher than that in Melbourne. Assume car rental rates are normally distributed and the population variances are equal.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92841356
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Microeconomics

Question the state of florida sold a total of 361 million

Question: The State of Florida sold a total of 36.1 million lottery tickets at $1 each duringthe first week of January 2006. As prize money, a total of $41 million will be distributed($1,952,381 at the beginning of each ...

Question abc company pays members of its sales force

Question: ABC Company pays members of its sales force commissions based on their dollar volumes, but XYZ Company pays its salespeople fixed monthly salaries. What characteristics of the company, its market, or the produc ...

Question 1 explain modern-sector enrichment and its effect

Question: 1) Explain modern-sector enrichment and its effect on inequality 2) Explain the traditional sector enrichment and its effect on inequality. 3) Explain the difference between the size distribution of income and ...

Question are australian households that wish to purchase

Question: Are Australian households that wish to purchase shares of stock in an American company suppliers or demanders of US dollars in the foreign exchange market? Are these same Australian households, suppliers or dem ...

Question when state health insurance exchanges become

Question: When state health insurance exchanges become effective in 2014, low-income individuals will qualify for premium credits and/or subsidies, where the amount of credit or subsidy will be determined individually fo ...

Question mary has forgotten to put rental expenses on the

Question: Mary has forgotten to put rental expenses on the budget statement this month. Comment on the appropriateness of her action under each of the following scenarios: i) Mary owns the shop , Mary budgets a rental ex ...

Question savers are taxed on the nominal interest payments

Question: Savers are taxed on the nominal interest payments they receive rather than the real interest payments. Suppose the federal government shifts from taxing nominal interest payments to taxing only real interest pa ...

Question a deposit of 1000 is planned for the end of each

Question: A deposit of 1000 is planned for the end of each year into an account paying 6% per compounded annually. The deposits were not made in years 8 and 9 but were made each year until year 30 for all other years. Wh ...

Question suppose your favorite band is on tour and coming

Question: Suppose your favorite band is on tour and coming to your area. Tickets are $100, and you take a day off from work for which you could have earned $60. What is your opportunity cost of going to the concert? Now ...

Question there has been a marked decline in unionizationa

Question: There has been a marked decline in unionization. A. describe 3 strategies unions have used to stem the decline in their membership. B. Explain and show graphically why an efficient contract requires the union t ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As