(Answered) Think about a world in which there were no international

Statistics

Think about a world in which there were no international trade.

Ok, we currently buy almost all of our electronic components from various other countries (e.g., Vietnam, Taiwan, Korea, China, etc.,). So initially, we'd have less of it. That said, why wouldn't some current workers switch vocations? If I'm a low paid hamburger cook, why wouldn't I go into the capacitor manufacturing business?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M92576058
Price:- $10

Verified Expert

Priced at $20 Now at $10, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

The random variable x takes on the values 5 20 30 and 200

The random variable X takes on the values 5, 20, 30, and 200 with probabilites 0.60, 0.30, 0.08, and 0.02 respectively. Use the statistical capacity of your calculator to find the expected value of Xrounded to one place ...

1 dominos pizza is willing is willing to pay kes 250

1. Domino's pizza is willing is willing to pay Kes 250 in airtime to each person interviewed about his or likes and dislikes of types of pizza crust. Of the people interviewed, 220 liked a thin crust, 270 like a thick cr ...

100 people are invited to the party each guest is estimated

100 people are invited to the party. Each guest is estimated to eat 0 or 1 or 2 sandwiches with probabilities 0.2,0.50.3 respectively. How many sandwiches should be ordered ro be approx 90% confident that there will be e ...

A random sample of 25 values is drawn from a mound-shaped

A random sample of 25 values is drawn from a mound-shaped and symmetric distribution. The sample mean is 12 and the sample standard deviation is 2. Use a level of significance of 0.05 to conduct a two-tailed test of the ...

Question suppose you have applied to three graduate schools

Question: Suppose you have applied to three graduate schools: A, B, and C. The odds of getting into A are 20%, into B are 40%, and into C are 60%. What is the probability you get rejected at all three schools? Get accept ...

If the data are pooled the 48 before scores had an average

If the data are pooled, the 48 "before" scores had an average of 7.48 and a standard deviation of 0.652. Assume that the "before" scores of people who have not seen any pictures has an average of 7.48 and a standard devi ...

Assume that n 8 and p 291 find the probability of at

Assume that n = 8, and p = 2/9 1) Find the probability of at least 2 successes and at least 2 failures. 1-56*(2/9)^3*(6/9)^5-70*(2/9)^4*(6/9)^4-56*(2/9)^5*(6/9)^3 wasn't the answer.

Before-tax cost of debt and after-tax cost of debt david

Before-tax cost of debt and after-tax cost of debt David Abbot is buying a new house, and he is taking out a 30-year mortgage. David will borrow $200,000 from a bank, and to repay the loan he will make 360 monthly paymen ...

Income can have significant effects on peoples spending

Income can have significant effects on people's spending patterns. Research studies have revealed that consumer expenditure is influenced by various factors such as their income, gender, age and level of education. In or ...

The diameters of tennis balls are distributed normally the

The diameters of tennis balls are distributed normally. The mean is 2.7 inches and the standard deviation is 0.3 inches. Find the probability that the diameter of a selected bearing is greater than 3 inches. (Round your ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert