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Governments build highways and provide medical care, welfare, border security, schools and education. If the market is such an efficient and beneficial mechanism, why isn’t it universally relied on? Explain
Business Economics, Economics
A researcher did a one-tailed hypothesis test using an alpha level of .01. For this test, H0 was rejected. A colleague analyzed the same data but used a two-tailed test with α = .05. In this test, H0 was not rejected. Ca ...
Determine the minimum sample size required when you want to be 95% confident that the sample mean is within one unit of the population mean. Assume a standard deviation of 4.3 in a normally distributed population.
Assume that a salesman learned the price elasticity of demand for his products is -2.0. How many percent will increase in the total sales (revenue) if he cuts the price by 10%? Show your calculation process.
Some farm land is more productive than other land in the sense that it can grow more food per hectare. Farmers also use fertilizer to grow food (i.e. adding fertilizer increases crop yield by 10 percent) earn more revenu ...
In a survey of 3153 adults, 1407 say they have started paying bills online in the last year. Construct a? 99% confidence interval for the population proportion. Interpret the results. A? 99% confidence interval for the p ...
Suppose P(A)=0.2 P(A)=0.2 and P(B)=0.4 P(B)=0.4.If A and B are disjoint, what is the probability that A or B occurs?P(A∪B)= If A and B are independent, what is the probability that A or B occurs?P(A∪B)=
The price of cell phones rose slightly higher from $500.00 to $550.00 this past month, and Samsung found out about Apple's release of the iPhone X, so in turn it decided to increase production of its Galaxy S8 from 150,0 ...
The following is a set of data from a sample of n=5 5 9 3 2 6 The mean is 5 The median is 5 There is no solution for mode. What and how do I find the variance?
Each entry-level software programmer in Palo Alto, California, has either high or low ability. All potential employers value a high-ability worker at $12,000 per month and a low-ability worker at $6,000. The supply of hi ...
Grades for a statistics exam are normally distributed with a mean of 80 and a standard deviation of 4. The empirical rule indicates what percent of an exam grades fall between 76 and 84?
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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