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In a study using 10 samples, and in which the population variance is known, the distribution that should be used to calculate confidence intervals is a standard normal distribution?
Business Economics, Economics
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According to the Polk Company, a survey of households using the Internet in buying or leasing cars reported that 81% were seeking information about prices. In addition, 44% were seeking information about products offered ...
Suppose demand and supply are given by: Q d x = 14 - 0.5 P x and Q s x = .25 P x - 1 a) Determine the equilibrium price and quantitiy. b) Suppose a $12 excise tax is imposed on the good. Determine the new equilibrium ...
The United States appears at times to have a totally schizophrenic attitude toward protectionism. The United States was the country that proposed the establishment of the World Trade Organization as early as the late 194 ...
Some economics textbooks refer to the factors of production as follows: Land, Labor, Capital, and Entrepreneurship. Why does Peter Klein say that it is inaccurate to include entrepreneurship as one of the factors? Explai ...
Mormons have a mission requirement to be admitted into their church. On average, the probability of converting someone is .03. How many people will Mormons on their mission have to interact with to ensure there is a prob ...
Suppose that Serendipity Bank has excess reserves of $12,000 and check able deposits of $150,000. If the reserve ratio is 20 percent, what is the size of the bank's actual reserves?
A certain device is used to determine the sex of an unborn baby, but the device is not very reliable. If the fetus is truly a boy, the device says BOY with probability 0:8 (but, mistakenly, GIRL with probability 0:2). If ...
1. Explain the reason for measuring government production at cost? 2. What is the main shortcoming in valuing government production in this way?
In a large university, 68% of students live in dormitories. A random sample of 14 students is selected. What is the probability that the sample contains more than five students who do not live in the dormitories?
With most of the world's nations either having moved to market economies, does the nationalization of foreign industries and property have its place?
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