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Describe Okun's law. Do you believe Okun's law holds up in the current economy? Explain the relationship between unemployment and gross national product (GNP).
Business Economics, Economics
Some seem to believe that we should be pure maximizers. Others say that we do better as constrained maximizers. Which view does David Schmidtz endorse and why?
Prof G's farmer friend claims that aliens made crop circles in his farm. Using economic theory, prove his farmer friend wrong.
A sample of 100 randomly selected students found that the proportion of students planning to travel home for Thanksgiving is 0.68. What is the Standard Deviation of the sampling distribution?
A recent survey found that 18% of all people 16 years of age and older do volunteer work. Suppose a random sample of 250 people 16 years of age and older is taken. What is the probability that more than 21% of the people ...
Let X, Y, Z, be independent discrete random variables. Let A= X(Y+Z) and B= XY With A, B, X, defined as before, determine wheter the folllowing statements are true or false. 1. A and B are independent 2. A and B are cond ...
Some Statistics students were interested in finding out in there was a relationship between the number of hours of study for a chapter and the score on that test. On the basis of the number of hours their classmates stud ...
A random sample of 77 eighth grade? students' scores on a national mathematics assessment test has a mean score of 285. This test result prompts a state school administrator to declare that the mean score for the? state' ...
How technology, government regulations, international factors, expectations about the future, and the macroeconomy play a role in managerial decision-making? Carefully explain each by giving example.
If you are tossing a fair coin 10 times, what is the probability of getting exactly 9 heads out of the 10 coin tosses?
A manufacture makes makes two models of an item. Model 1 which accounts for 89% of unit sales, and model 2, which accounts for 11% of unit sales. Because of defects the manufacture has to replace (or exchange) 11% of its ...
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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