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There is a sample of size n = 30 of newborns in Arizona and find that for your sample the average birth weight is 3,589 grams with a standard deviation s = 488. The national average birth weight for the US is 3,315 grams.Test the hypothesis that the Arizona average birth weight is greater than the national average using the information in your sample. Use a significance level of 0.05.
a. Define the null and alternative hypothesis.
b. Find the critical value.
c. Find the statistic.
d. reject or not the null hypothesis.
A surface mount placement machine is purchased for $500,000. The SMP machine qualifies as 5-year equipement for MACRS-GDS depreciation. The before tax cash flows, in contant dollars, include an annual uniform series of $120,000 plus $100,000 salvage ..
Which of the following is not a determinant of the price elasticity of demand?
You are the owner of a local Honda dealership. Unlike other dealerships in the area, you take pride in your “No Haggle” sales policy. Last year, your dealership earned record profits of $1.5 million. In your market, you compete against two other deal..
As consumers we loke competition because it lowers prices and increases supply. Many products and services we use started out with limited choices and high prices. Then for various reasons more competitors entered the market and our choices increased..
If there are fixed costs of production in a competitive industry, the q that solves the firm’s first-order condition
For several decades the labor force participation rate of women increased steadily but average hours worked per employed woman decreased steadily. Holding all other factors constant, could rising wage rates of women explain both phenomena? Explain.
What is the central theme (s) behind Viet Nam economy’s successes and challenges in providing an improving welfare for its citizens?
The traffic over Route 44 has been increasing 6% per year. In year 1, the traffic will average 25,000 vehicles per day. Estimate the annual traffic in year.
What are the advantages and disadvantages of a global market? Discuss some of your own experiences with e-commerce.
A house painting business had revenues of $17,600 and expenses of $10,600 last summer. There were no depreciation expenses. However, the business reported the following changes in working capital:
What is the minimum price you should accept to purchase your ticket? (Hint: think about sunk cost)
Enlighten these concepts in terms of specialization, opportunity cost, trade as well as comparative advantage.
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