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Based on a Bellowes survey of adults, there is a 0.48 probability that a randomly selected adult uses a tax preparer to file taxes. Find the probability that among 20 randomly selected adults, exactly 12 use tax preparers to file their taxes.
A network carrier serves 39 spoke cities from a single hub. How many city-pairs does it serve? This same airline adds a 40th spoke city to its network using a 100 seat capacity aircraft. On a flight from this 40th spoke to the hub, how many passenger..
Efficiency of labour refers to the ability to achieve a greater output in a shorter time without any falling off in the quality of the work - that is to say, increase productivity per man employed. The efficiency of a country's labour force depend..
Consider that the demand function for spring water is as follows: Q = 450 - 100P + 0.0001Pop + 0.005Y + 0.003A where: Q = quantity in thousands of containers, P = Price ($) = $4; Pop = Population (# of people) = 4,000,000 Y = Disposable Income per ca..
Consider your favorite Rock, Paper, Scissors game. Assume that Player 1 is not allowed to use Scissors. Construct the original 3-by-3 matrix of the game and eliminate all the forbidden and dominated actions.
Are there economic circumstances in the industry or the economy at large under which you might expect to see a price war break out?
Evaluate the role and the effectiveness of the Federal Reserve in stabilizing the current economy.
Explain how labour productivity is determined. In your answer address why human capital is considered to be so vital to lifting labour productivity levels.
Consider the following information on Alfred’s demand for visits per year to his health clinic, if his health insurance does not cover (100 percent coinsurance) clinic visits. a. Alfred has been paying $25 per visit. How many visits does he make per ..
Draw a supply and demand curve, label X & Y axis and show equilibrium. Show a shift in demand and supply, and why it has occurred (non-price determinants). Describe all changes. Show in two or more graphs and use 2 examples for each - supply and dema..
respond to the following criticism using the criteria below criticismfunding for health care has become a standard
Multicar accident often result in fatalities across the nation, records are kept of the total number of accident involving 10 or more vehicles.
You are the manager of a small pharmaceutical company that received a patent on a new drug three years ago. Despite strong sales ($200 million last year) and a low marginal cost of producing the product ($0.45 per pill), your company has yet to show ..
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