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The life length Y of a component used in a complex electronic system is known to have an exponential density with a mean of 100 hours. The component is replaced at failure or at age 200 hours, whichever comes first.
a. Find the distribution function for X, the length of time the component is in use.
b. Find E(X).
questiontheneoclassicalgrowththeoryisbasedontheexistenceofanaggregateproductionfunctionshowingtherelationship between
A random sample of 51 items is taken, with x Overscript bar EndScripts equals 58.42 and s2 = 25.68. Use these data to test the following hypotheses, assuming you want to take only a 1% risk of committing a Type I error and that x is normally d..
Why is the demand of labor a derived demand Explain the shape of the supply of labor curve. What is the relationship between productivity and the wages earned by an employee What are some factors that determine the level of your income
Draw the production possibility frontier for the Home country with cloth on the horizontal axis and food on the vertical axis. Suppose the economy is engaged in free trade and the free trade relative price of cloth is given.(a) In your PPF diagram sh..
Questions will involve your analysis of the advantages of a competitive market to both producers and consumers. Use the concepts learned in the chapters on perfect competition, monopoly, and imperfect competition to answer the questions.
Understanding of the elasticity of demand to dispute this claim, assuming that cigarettes have a very inelastic demand. Illustrate with a graph.
Describe ways in which bank regulators manage the moral hazard from the various protections given to the banking industry. Suppose you are graduating and your rich Uncle makes you an offer. You can accept $5,000 from him today or wait 3 years and rec..
Presume a person has $80 to spend only on two products: x and y. X cost $4 each, and Y cost $1 each. This person has preferences for X and Y given by What is the utility-maximization bundle of this person?
How will a substantial increase in demand for housing affect the wages and employment of carpenters, plumbers, and electricians?
Public goods tend not to be sold in the marketplace because:
Marginal utiltiy of good b, but the proce of good Ais only 2 times the proce of ggod b. Is this point consumer equilibrium? if not what will occur?
Please show all the necessary calculations and explanations that lead to your answer. Provide your answers in the order the problems are given.1. Suppose Niki has the following demand functions: xi (p1, p2, m) = m = 2/pi;
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