A population has a mean mu=90 and a standard deviation sigma=20. Find the mean and standard deviation of a sampling distribution of sample means with sample size n=254. mean/x= ? (simplify) sigma/x= ? ( type an integer o ...
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Suppose a consumer is trying to make a choice over the consumption of two goods: x and y. Px = 3, Py = 4 and the income is equal to 50. Assume that the government distributes some stamps that are good to buy 5 units of g ...
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A leasing firm operates on the assumption that the annual number of miles driven in its leased cars is normally distributed with mean 13,500 and standard deviation 4,000 miles. To see whether this assumption is valid, a ...
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True or false with explanation A system that allocates health "efficiently" implicitly places more value on the healthcare services delivered to wealthier persons than to poorer ones. The AFP for a health plan covering 7 ...
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A cartel is branch of an oligopoly. There are still a handful of large firms and many smaller firms. For instance, the diamond industry and the petroleum industries are examples are oligopolies. However, the main differe ...
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Suppose that the demand curve for tickets to see a football team play a game is given by Q = 80,000 - 40P and marginal cost is zero. The team's stadium can host 75,000 fans. i) How many tickets would the team sell if it ...
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a. If the required reserve ratio is 2.50 percent, what is the monetary multiplier b. If the monetary multiplier is 5, what is the required reserve ratio?
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A coin is flipped five times in an experiment. If x is the number of heads that turn out in the experiment, what is the set of possible values of variable x?
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Part a) The mean of the sample was calculated as 500. The sample of 25 observations was randomly drawn from a population whose standard deviation is 15. Estimate the population means with 99% confidence. Part b) A random ...
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Is trade zero sum? Explain the ways in which it is and the ways in which it is not as well as an overall assessment explaining why or why not?
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