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The labor force is 100 million and the unemployment rate is 5 percent. If one million people quit looking for a job, what is this called and what is the new unemployment rate?
Business Economics, Economics
You work at Patty King, home of the Cinnamon Roll Breakfast Sandwich, as the manager of the early morning shift. You want to estimate the probability that at least 5 customers enter the store in the next 10 minutes. Woul ...
Screening test impaired glucose tolerance not impaired Positive 17 13 Negative 8 37 A new non invasive screening test is proposed that is claimed to be able to identify patients with impaired glucose tolerance based on a ...
Suppose a consumer is trying to make a choice over the consumption of two goods: x and y. Px = 3, Py = 4 and the income is equal to 50. Assume that the government distributes some stamps that are good to buy 5 units of g ...
The question is: Suppose Z ∼ N(0,1). (a) Find c such that P(Z ≤ c) = 0.75. (b) With respect to the standard normal distribution, what would be an appropriate name to call c?
A product is made up of three parts that act independently of each other. If any of the parts is defective, the product is defective. Part one is defective 5% of the time, part two is defective 10% of the time, and part ...
Why hasn't health care in Australia been entirely privatised, according to Boxall and Gillespie? Should health care (in Australia) be wholly privatised? Do you think it will be in the future?
Question 1 Find the area between .-88 standard deviations below the mean and 2.35 standard deviations above the mean. '88=.3106 and 2.3=.4906 Both figures are added .3106+.4906= .8012 which is 80.12% Question 2 The area ...
How do you calculate the annual interest rate of 12% compounded monthly. I know how to do for annually but not monthly. You are offered the opportunity to put some money away for retirement. You will receive 10 annual pa ...
Charlie's indifference curves have the equation xB = constant/xA, where larger constants denote better indifference curves. Charlie strictly prefers the bundle (6, 16) to a. the bundle (16, 6). b. the bundle (7, 15). c. ...
INC = 40966.1 + 2.796 POP' sample size = 400 (se) (545.8) (.2796); R 2 = .2468 1. Where INC is the income in millions of dollars and POP the population in millions of people. Provide an ...
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