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For the years 1967 to 1990 (note this gives 24 observations) the average male score on the math portion of the SAT was 500 with a variance of 46.61 and the average female score on the math portion of the SAT was 453.67 with a variance of 83.88. Assuming these are the sample means and variances from a larger population, can you conclude that the male and female population variances are the same?
The local government does not directly charge their residents for collecting garbage. However, the city faces increasing marginal costs of MC=1+0.6Q per ton. Residents' market benefit for garbage is MB=250-2.2Q per ton. How much garbage will resident..
q.according to the agreement achieved by the administration and the congress were there a breach of the debt ceiling
Suppose the demand curve for UK basketball tickets is perfectly elastic but the supply curve for UK basketball tickets is not perfectly elastic or perfectly inelastic. If the equilibrium price of UK basketball tickets is initially $2, a downsizing of..
Abby and Jason are building a new house. They obtained a construction loan of $100,000, which will be rolled over into a conventional 20-year mortgage when the house is complete in 14 months. Simple interest of 0.5% per month will be charged on the c..
On a trip to the grocery store you want to purchase oranges, but the price is pretty high due to the canker disease that has affected the crops. What are your choices? Do you have alternatives? What causes a shift in the demand or supply of oranges (..
Why was it more common for railroads and timber companies to provide health insurance in the early 1900s then for textile mills or accounting firms?
Bill’s Grill is a popular college restaurant that is famous for its hamburgers. The owner of the restaurant, Bill, mixes fresh ground beef and pork with a secret ingredient to make delicious quarter-pound hamburgers that are advertised as having no m..
The economy has recently turned around, and one of your colleagues suggests that you could hire 25 people for $50,000 per employee to do the sales job as independent agents at a cost of goods sold (COGS) of only 0.5%. What concerns might you have abo..
On a graph, consumer surplus is represented by the area...
Reggie owns and operates a cheese shop in the village of Somerset. While Reggie has a degree in mechanical engineering and could easily go to work for his brother\'s company earning $76,000 a year, his true passion is for cheese. Below is a list of R..
q. 1. describe michael porters five-force model and indicate why many observers regard his paradigm of industry
A manufacturer of an inspecting and profiling web controller has a capital investment of $200000, a fixed cost of $83000 per year and variable costs of $60 per unit produced. If the product is sold at $90 per unit, determine the breakeven quantity pe..
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