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A revolutionary new computer chip will be brought to the market in 6 months that will decrease the price of computers by 50%. Draw a graph and explain.
Business Economics, Economics
Taylor found that 8% of the recipients of loans form a particular mortgage lender default within 3 years. If he takes a random sample of 736 customers who received loans 3 years ago, what is the average number of custome ...
Maureen has preferences for two goods to be consistent with the utility function. The price of good 1 is $4 each, and the price of good 2 is $12 each. For what incomes will good 1 be normal?
What, in your view, are some of the key problems in the Chinese economy? How would you address these problems if you were asked to provide policy advice to the Chinese government?
A bank credit card offered to 500 households; the responses to the offer are as follows. income $50,000 accept offer 50 40 Reject offer 250 160 What is the probability of the offer being accepted or income being > $50,00 ...
Think about a population mean that you may be interested in and propose a hypothesis test problem for this parameter. Gather appropriate data and post your problem and solution in the discussion topic. For example, you m ...
What is the current balance of trade for the United States? Has this balance been increasing or decreasing? Based on the current economic conditions, how do you think this balance will move in the near future, and why?
According to the same National Collegiate Athletic Association data, the means and standard deviations of eligibility and retention rates (based on a 1,000-point scale) for the 2013-2014 academic year are presented, alon ...
Describe two factors contributing to the gender pay gap. Write one equation or one graph for each. What policies could the government pursue to address each factor? Should the government do so?
A farm has two types of trees: 30% are orange trees (O) and 70% are apple trees (A). Frost (F) has damaged 40% of the orange trees (F|O)=0.4 and 10% of apple trees. What is the probability that a randomly selected tree w ...
In 15 experiments studying the electrical behavior of single cells, 11 use microelectrodes made of metal and the other 4 use microelectrodes made from glass tubing. If two of the experiments are to be terminated for fina ...
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