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Consider a random variable X ∼ N (8, 16).
(a) If X ¯ is the sample mean obtained from a random sample of 25 draws from this population, how is X ¯ distributed? Hint: a correct answer is more than just the name of the distribution.
(b) What is the probability of obtaining an X ¯ more than 2 standard deviations from the mean?
Quantity of money demanded is positively related to the value of money and negitively related to the price. Used goods are not included in the Calculation of GDP. Nominal variables are measured in physical units.
Suppose that McDonald’s overseas sales revenue in Europe totaled €10.00 billion in 2014 and is predicted to grow to €11.50 billion in 2015. From 2014 to 2015, what is the predicted growth rate of McDonald’s European revenues in terms of dollars? Expl..
What were the main challenges facing Washington's administration? What was Hamilton's vision of the new republic? What was George Washington’s greatest achievement as president?
if you deposit $1000 now, $3000 four years from now follows by five quartely deposite decreasing by $500 per quarter at an interest rate of 12% per years compounded quartely. how much will you have in your account 10 years from now?
In this module, it is demonstrated that sometimes extensive diseconomies of scale, say, due to high transportation costs, would require that the firm produce its product in a multiple of plants. Suppose a beer brewing company has determined that i..
The GenaCam Stores have two branches. Advertising is a major component of Cost of Goods Sold for each store. You have information on the range of advertising expenditures over a long period of time for each group of stores. Which of the two stores ha..
Compute the present value of the bond when the interest rate is 8%. Must the yield to maturity be above or below 8%.
In your opinion, does the Houston Medical Center, in which many hospitals gather, represent an example of perfect competition, monopolistic competition, collusive oligopoly.
The firm's average variable costs and average fixed costs per month are R200-00 and R500-00, respectively.
Which of the following is not a characteristic of a corporation?
Health insurance companies are oligopolies, and one of the criticisms of oligopolies is the adverse impacts these firms have on income distribution. Discuss in relation to the policies and practices of health insurance companies.
Understand why depositing cash on a checking account does not affect money supply immediately. Understand why when a commercial bank buys government securities from its clients, new money is being created? Understand why when Fed buys government secu..
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