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What would be a numerical example that would illustrate a situation in which there are positive accounting profits and zero economic profits?
200 words....
Business Economics, Economics
In 1975 the price of gasoline per gallon was 56.3 cents. With the 1975 price as a reference value, the gasoline price index for 1998 is 198.7. What would the cost of a gallon of gasoline be in 1998.
What is the 97% confidence interval for a sample of 104 soda cans that have a mean amount of 15.10 ounces and a standard deviation of 0.08 ounces?
What is an example of a repetitive and specific task in which you use descriptive statistics on a daily basis. What is an example of how you consciously or subconsciously rely on the presence of descriptive statistics in ...
C = 40+0.5×(Y - T) G=$215 billion, IP=$50 billion and T=$10 billion. Y=C+IP+G What is the equilibrium income level? Suppose that government purchases are reduced by $100 billion. What is the new equilibrium level of inco ...
What level of measurement is required for qualitative variables? What level of measurement is required for quantitative variables? Can both types be used to describe both samples and populations? Why or why not?
Suppose the price of oranges rises. Ceteris paribus, a. What effects would that have on the market for orange juice? b. What would happen to the quantity demanded of oranges? c. What would happen to the price and quantit ...
Of all the companies on the New York Stock Exchange, profits are normally distributed with a mean of $6.54 million and a standard deviation of $10.45 million. In a random sample of 73 companies from the NYSE, what is the ...
A researcher is interested in the relationship between leisure time physical activity, diet, extracurricular activities and hours of sleep with cardiovascular fitness in children ages 6 through 12. She will recruit 100 c ...
According to the same National Collegiate Athletic Association data, the means and standard deviations of eligibility and retention rates (based on a 1,000-point scale) for the 2013-2014 academic year are presented, alon ...
A marketing company conducted a study where women and men were asked to express a preference for one of two commercials-A or B-for the new iPhone XS. For the women, 44 out of 100 preferred commercial A. For the men, 79 o ...
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