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You have three options for the last $5 in your pocket: a cappuccino you value at $6; a smoothie you value at $7, and a frog. What is the (opportunity) cost, in dollars, of purchasing the frog? (Do NOT enter the $.)
Business Economics, Economics
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As a single parent earning on a limited income, how can you stretch your grocery dollar to plan nutritious meals for you and your children? Would you seek the assistance of federal programs?
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suppose the lifetime of a particular appliance follows an exponential distribution with a mean of 10 years. what is the probability that the appliance will fail in more than 5 years?
Determine the minimum sample size required when you want to be 98% confident that the sample mean is within two units of the population mean. Assume a standard deviation of 7.55 in a normally distributed population.
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