+61-413 786 465
info@mywordsolution.com
Home >> Business Economics
Assume the demand for balloons is P=40-2Q. The supply is P=3Q.
1) What is the equilibrium price and quantity?
2) What is producer surplus?
3) What is the consumer surplus? (Make sure you show all your work)
Business Economics, Economics
Suppose we can only sample from Uniform distribution (0,1) with k=3. Design an algorithm to simulate chi-square distribution with 2k freedom via general transformation method.
What level of measurement is required for qualitative variables? What level of measurement is required for quantitative variables? Can both types be used to describe both samples and populations? Why or why not?
A travel analyst claims that the mean room rates at a three-star hotel in Chicago is greater than $152. In a random sample of 36 three-star hotel rooms in Chicago, the mean room rate is $165 with a standard deviation of ...
Assume the following for the town of Boone: it has a total population of 40,000 people, of which 1,000 are under 16 years of age or are institutionalized; 8,000 are full-time students who are not employed and are not see ...
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?
When Nespresso as a brand 'took over the world' What do you think that happened with coffee sales in HM and SM? Was Nespresso's model of own stores 'killing' the sales of coffee in Hyper and Supermarkets?
A binomial process has 892 trails and a probability of success of 0.78. What is the standard deviation of this process distribution?
Assume that X is a Poisson random variable with μ = 22. Calculate the following probabilities. (Do not round intermediate calculations. Round your final answers to 4 decimal places.) (Please explain how you solved t ...
The time spent (in days) waiting for a heart transplant can be approximated by a normal distribution. Day range of 60-200. u=129 o=20.2. (a) What is the shortest number of days spent that would put a patient in the to ...
In random sampling, why is cluster sampling an example of probability sampling?
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.
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 coupon bonds. Under what conditions will a coupon bond sell at a p
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 $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 for 19 years, given a discount rate of 6 percent per annum. As