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A In a recent survey of college professors, it was found that the average amount of money spent on entertainment each week was normally distributed with a mean of $95.25 and a standard deviation of $27.32. What is the probability that the average spending of a sample of 25 randomly-selected professors will exceed $102.50?
If both persons carry an average balance of $3000 on their credit cards for 3 years, how much more money will Edward repay compared with what Jorge owes
Find the present-value equivalent to the following geometrically increasing series of payments.
Compare and contrast the executive and congressional plans for reconstructing the Union. What was their objective? Which plan was better for the nation? Why?
Suppose we have two types of consumers (for simplicity we’ll assume that there is one person of each type). They have inverse demand curves given by: What is the corresponding optimal block pricing scheme? Now suppose that the monopolist cannot tell ..
How do social and economic policies related to crime and drugs impact oppressed and vulnerable populations in the U.S.? Do you think these policies are fair?
Suppose the demand for a product is Q = 1200 – 4P; supply is Q= -240 + 2P. Say, marginal external damage is $12 per unit. What is the socially optimal quantity? How many more units will the free market produce? Calculate the deadweight loss associate..
What happens to hours of work when non-labor income decreases? Does such a non-labor income change generate a substitution effect? Why might we expect welfare programs create work disincentives? What happens to the probability that a particular perso..
Organizational behavior-A strong social and physical work context means that environment is supportive. Give real examples of how this works.
A manager tells his workers that they must perform their duties in the exact manner and order that he has commanded, with no exceptions. He is using
Just prior to a professional baseball spring training session, you are asked to assess the probability that a particular baseball team will win the coming World Series.
The Topic Research Summary gives students an opportunity to explore more thoroughly a specific topic from the world of econmics. The summary is required to be your own work that is well written and organized. Tell the reader (professor) about your..
Profits from recycling paper, cardboard, aluminum, and glass at a liberal arts college have increased at a constant rate of $1100 in each of the last 3 years. If this year's profit (end of year 1) is expected to be $6000 and the profit trend continue..
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