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There are 4 orange, 1 green, 3 blue and 2 black balls in a bag. You take 5 balls with replacement randomly from the bag and count how many orange balls you get. What is the mean and standard deviation of this event?
Business Economics, Economics
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How does fixed cost affect marginal cost? Why is this relationship important?
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Determine the margin of error for an 80?% confidence interval to estimate the population mean when s? = 36 for the sample sizes below. ?a)n=12 ?b)n=26 ?c)n=54 ?a) The margin of error for an 80?% confidence interval when ...
An article in The Wall Street Journal noted that an" increase in the price of crude oil quickly reduces demand for oil". Do you agree with this statement? Briefly explain.
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