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Run a multiple regression that has the maintenance cost as the dependent variable and the age, miles per month, and Gasoline dummy variable as independent variables.
Business Economics, Economics
In a survey of 400 adults that say traffic is a problem: East reported 36% is a problem, South 33% problem, Midwest 26% problem and West 55% problem. (a) The 95% confidence interval for the proportion from the West say ...
Ads in the boring business magazine are read by 300 lawyers and 1000 MBAs. Ads in the consumer publication are read by 250 lawyers and 300 MBAs. If Harry has $3000 to spend on advertising... If the price of ads in the bo ...
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 ...
Recent tariff actions by President Trump include raising tariffs and quotas on imports of both manufactured goods like televisions and automobiles and intermediate goods like steel and aluminum sheets. How will the econo ...
It has been a bad day for the stock market and you have heard that only 30% of all stocks gained value. Suppose you have a portfolio of 10 securities and assume a binomial distribution for the number of your stocks that ...
University bookstores order books that instructors adopt for the courses. The number of copies order matches the projected the demand. However, at the end of the semester the bookstore has too many copies on hand and mus ...
The time to complete 1 construction project for company A is exponentially distributed with a mean of 1 year. Therefore: (a) What is the probability that a project will be finished in one and half years? (b) What is the ...
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?
On average, the parts from a supplier have a mean of 35.8 inches and a standard deviation of 2.4 inches. Find the probability that a randomly selected part from this supplier will have a value between 31.0 and 40.6 inche ...
Why do households need to hold a mixture of bonds and money? What determines the proportion of bonds/money that household keeps?
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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