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There is a pre-tax price of 5 cents per ounce on sugary beverages and they are imposing an excise tax of 1 cent an ounce. The per capita consumption is 100 ounces. Price elasticity is -1.2. What is the post tax per capita consumption?
Business Economics, Economics
The recent Poll revealed that 68 out of 98 men and 45 out of 85 women expressed "at least some support" for a new municipal policy. At the 5% significance level, does the proportion of Supporting the policy differ from t ...
Do you think that the taxicab industry in large cities would be subject to significant economies of scale? Why or why not?
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 90% confidence, the mean amount of news ...
Robust data loading poses a challenge in database systems because the input data are often dirty. In many cases, an input record may have several missing values and some records could be contaminated (i.e., with some dat ...
If a patient who was injured and is thinking about whether or not to file a medical malpractice claim against his doctor. He is considered a "rational" decision maker in the sense that he decides whether or not to file a ...
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 ...
A survey of car rentals agencies shows that the average cost of a car rental is 0,35 per mile. The standard deviation is .05. Using Chebyshevs theorem, find the price range for which at least 93.75 % of the data values w ...
QUESTION ONE The following is the number of first year students who selected the three mathematics units for trimester one; Unit Number of students Calculus only 20 Calculus but not Statistics 22 Calculus and Real analys ...
Explain how financial leverage at investment banks differed from financial leverage at more traditional commercial banks. What is the benefits of this leverage? What are the primary risks associated with financial levera ...
The stock price for International Business Machines (IBM) historically has followed an approximately normal distribution (when adjusting for inflation) with a mean of $155.483 and standard deviation of $4.0278. What is t ...
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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
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