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The mean television viewing time for Americans is 15 hours per week (Money, November 2003). Suppose a sample of 60 Americans is taken to further investigate viewing habits. Assume the population standard deviation for weekly viewing time is σ?=4 hours (a)What is the probability the sample mean will be within 1 hour of the population mean? (b) What is the probability the sample mean will be within 45 minutes of the population mean?
The set-up cost per lot is estimated to be $40, and the manufacturing cost has been established at $5.20 per unit. Interest, insurance, taxes, space, and other holding costs are $3.10 per unit per year. Calculate the economic manufacturing quantit..
56.a californian college student consumes internet services i and books b. her preferences are represented by a
How does it affect level of investment and interest rates. How does it affect individual consumer. Give at least three examples in your response.
Choose a firm that sells their products through more than one channel of distribution. Identify the firm and products you have selected to discuss. There are many ways a firm could distribute its products. Different kinds of firms approach the manage..
Seven years ago a New Brunswick logging company purchased a used wood chipper for $141,600 for biomass and custom chipping. Operating and maintenance costs averaged $4,100 per year. A complete overhaul at the end of year 4 cost additional $12,000. An..
The financial crisis of 2008 caused macroeconomists to rethink monetary and fiscal policies. Economists, financial experts, and government policy makers are victims of what former Fed chairman Alan Greenspan called a "once in a century credit tsunami..
Austerity measures implemented in several European countries will mean lower level of government expenditures for these countries? For these countries, this would cause
Methods that are sometimes used by unions to increase wages of union workers. advertising to increase the demand for union-made goods.
How is purchasing power parity calculated and why is it superior to the exchange rate in making comparisons between per capita income levels in different countries. Why is the international US dollar used in making comparisons? How did Maddison estim..
The residents of Mobile City all live in mobile homes which they own. However, they rent land for their homes from absentee landowners. The rental supply of land is inelastic at 100 acres. How many acres are rented? Explain. What is the market rent o..
Suppose a consumer spends her income on lobster and frozen pizza. Assume that the consumer has an income of $600, the price of lobster is $50, and the price of frozen pizza is $6. Using indifference curves and budget constraints show the income and s..
Explain how many spots of each kind should it purchase to meet se three goals and do so at minimum cost.
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