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An altered die has one dot on two faces, two dots on three faces, and three dots on one face. The die is to be tossed once. Let X be the number of dots on the upturned face.
(a) Find the distribution of X.
(b) Find the mean and standard deviation of X.
You are a manger that oversees 8 employees in a financial sales institution where producing has been slowly declining over the last 6 months. It has been determined that the decline in sales is not caused by an external environment factor, but an int..
Suppose market demand and supply are given by Qd = 100 – 2P and QS = 5 + 3P. If a price ceiling of $10 is imposed, what will be the resulting full economic price?
John plans to take three suits on his business trip. If John owns 8 suits, how many ways can the 3 suits be selected?
What are the measurement for economic development such as Health, education. Describe different between development and growth?
The government of a small open economy is considering the following policy changes. Evaluate them and show the expected outcomes (sketch graphs to help visualize the changes). The trade minister wishes to restrict imports through quotas in order to p..
Explain the origin and dynamics of the currency crises in Mexico in 1994-95 and in Asia in 1997-98. What lessons can we learn from these crises?
In this discussion, you will compare and contrast monetary and fiscal policies. Consider two recent national crisis points: 9/11 and the banking failures of 2008. Was fiscal or monetary policy more immediately responsive to each crisis? Why? Was fisc..
A firm in a purely competitive industry has a typical cost structure. The normal rate of profit in the economy is 5 percent. This firm is earning $15 on every $150 invested by its founders. What is its percentage rate of return? percent. Is the firm ..
In what specific ways did the Hundred Years' War and the Wars of the Roses influence the development of the English Constitution?
Have there been tax increases or decreases affecting that growth?
Illustrate what would be effect of policy described in part (c) on economy's stability over business cycle.
Find the average daily balance for the following credit card account. Assume one month between billing dates using the proper number of days in the month. Then find the finance charge is interest is 1.5% per month on the average daily balance. Finall..
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