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Why do you think that in todays commercial and capitalistic society the average consumer is living beyond their means and drowning in credit card debt?
Business Economics, Economics
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A researcher wishes to? estimate,90?% ?confidence, the population proportion of adults who say chocolate is their favorite ice cream flavor. Her estimate must be accurate within 1% of the population proportion. ?(a) No p ...
You have to negotiate a contract with a businessperson from France. How will you approach them? How does the French communication pattern and listening habit differ from your own culture?
What is the Central Limit Theorem? Why does it make the use of the common inferential tools possible even if the raw data is not distributed normally?
Suppose that A, B and C are events in a sample space S, such that: • A and B are equally likely; • C is four times as likely as B; • B and C are independent; • if either B or C occurs, then A cannot occur; • at least one ...
Let X, Y, Z, be independent discrete random variables. Let A= X(Y+Z) and B= XY With A, B, X, defined as before, determine wheter the folllowing statements are true or false. 1. A and B are independent 2. A and B are cond ...
What is the current balance of trade for the United States? Has this balance been increasing or decreasing? Based on the current economic conditions, how do you think this balance will move in the near future, and why?
Elmer's utility function is U(x, y) = min{x, y2}. If the price of x is $10 and the price of y is $15 and if Elmer chooses to consume 4 units of y, what must his income be? a. $220 b. $100 c. $320 d. There is not enough i ...
If a low-income-undernutrition-low-income circle is possible in poor countries, why is it not possible for some groups of people in rich countries? (hint: demand and supply)
15-18 years 4 19-22 years 5 23-26 years 6 27-30 years 9 31-34 years 2 35-38 years 7 Based on the frequency distribution above, find the relative frequency for the class 15-18. Relative Frequency = % Give your answer ...
What, in your view, are some of the key problems in the Chinese economy? How would you address these problems if you were asked to provide policy advice to the Chinese government?
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