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Why are checking account balances, but not credit cards, regarded as money? Hint:: What are the three traits needed to qualify something as money?
Business Economics, Economics
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A coffee manufacturer is interested in the mean daily consumption of regular-coffee drinkers and decaffeinated coffee drinkers. The random sample of 50 regular-coffee drinker show a mean of 3.84 cups per day. A sample of ...
The number of times that a person contracts a cold in a given year is a Poisson random variable with parameter λ=6 . However a new drug has just been marketed that reduces the Poisson parameter to λ=3 for 35 % the popula ...
A community hospital wants to estimate the body mass index (BMI) of its local population. To estimate the BMI with an error of at most 0.5 at a 95% confidence level, what sample size should they use? The standard deviati ...
What does it mean to have an 80% learning curve when time and units produced are used?
Under the trade model with external economies of scale, is it possible for a country to be worse off with trade than it would have been without trade? Justify your answer.
Going to concerts and reading books take time and money. Suppose a book costs $10 and takes 3 hours to read and a concert costs $20 and takes 3 hours. For a person with $80 to spend and 18 hours for these activities: a. ...
Why are scattered plots necessary when investigating the relationship between quantitative variables?
Assignment: Culture Imagine you work for a company that has recently merged with a global company. Write a brief introduction to your company as well as the company that merged with the company . Then develop an eight to ...
The distribution of heights of adult American women is approximately normal with a mean of 64 inches and standard deviation of 2 inches. What percent of women is taller than 68 inches?
There are 100 identical firms in a perfectly competitive industry. Market demand is given by -200P +8000. If each firm has a marginal cost curve, MC = .4 q + 4. What is the firm's supply curve ? What is market supply? Wh ...
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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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