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Suppose that it take $100,000 of steel to produce $2,000,000 of cars. If the nominal tariff on steel is 10% for the steel and 20%for cars, what is the effective rate of protection for the steel industry?
Business Economics, Economics
In a random sample of 100 college student 60 were females, 65 were under 21 years of age and 15 males were 21 years of age or older, a student is selected at random from the sample. What is the probability that a female ...
A sample of 1,000 U.S. households is taken and the average amount of newspaper garbage or recycling is found to be 27.8 pounds with a standard deviation of 2 pounds. Estimate, with 95% confidence, the mean amount of news ...
Why would the Australian government debt be consider not too high?
Assume the random variable x is normally distributed with a mean u=80 and a standard deviation o=4. Find the indicated probability. P(69 P(69 Round to four decimals places as needed.
One of the authors received a credit card bill for 2,772, but included a charge of 1,762 that was not valid. Find the values of the absolute and relative errors.
Wanda is going to Silver Dipper Ice Cream Shop to get a treat. She has 12 flavors of ice cream to choose from. There are 6 different types of toppings, and she may get her ice cream in a bowl, a regular cone, or a waffle ...
How does the Monopolies Make Production and Pricing Decisions in Economics?
Get the Z score and then you can answer the questions? Visitors to the zoo an average of 74 minutes. This is normally distributed with a standard deviation of 23 minutes. If appropriate, calculate... a. What percent of v ...
Suppose that the weight (x) in pounds of a 30 year old man is a normal random variable with mean 182.9 and standard deviation of 20lbs. in what percentile is a 30 year old man who weighs 150lbs?
A student is applying to Harvard and Dartmouth. If the student is accepted at Dartmouth, the probability of being accepted at Harvard is 40%. If the student is not accepted at Dartmouth there is an 80% of non-acceptance ...
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