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Sales personnel for Skillings Distributors submit weekly reports listing the customer contacts made during the week. A sample of 65 weekly reports showed a sample mean of 18.5 customer contacts per week. The sample standard deviation was 5.8. Provide 90% and 95% confidence intervals for the population mean number of weekly customer contacts for the sales personnel.
90% Confidence, to 2 decimals:
( , )
95% Confidence, to 2 decimals:
Did the government spending increases and large budget deficits of 2008-2011 strengthen aggregate demand?
An economy has the following Money demand function: (M/P)d= .4Y/i^.5 . Where is the nominal interest rate. Derive an expression for the velocity of money. What does it depend on? Explain why this dependency may occur.
Can you find a Nash equilibrium in pure strategies that is not efficient. Find the sub game perfect equilibrium as a function.
The US and many other countries are experiencing high government deficits and debts. What, if any, impact does this have on their does this have on their respective economies? Is government debt bad? Good? It depends? And if so, why and how?
Using the IS-LM diagram, show the effects on output and the interest rate of a decrease in government spending. Can you tell whay happens to investment? Why? Derive the IS relation. If a firm is considering using its own funds (rather than borrowing)..
Assumed that each of the subsequent rows represents the choice faced by policy makers given the current set of U.S. institutions also technology.
There has been an increasing trend towards outsourcing manufacturing from the US. In the tennis shoe manufacturing industry, some companies such as New Balance still manufacture some portion of their products in the US despite the opportunity of chea..
The market for grapes is given by the following supply and demand equations: Q = 120 – 15P Q = 20 + 5P a. Identify the demand function and the supply function. b. Compute for the equilibrium P* and Q* (Q*, P*). c. Compute the PED at (Q*,P*) AND the P..
Suppose the distribution of innate ability is distributed symmetrically throughout a population but which the wage distribution is positively skewed.
Think of another good that you have purchased recently (or you could continue with the good you selected in TDA I). Be specific (e.g. is it breakfast cereal in general or Cheerios cereal specifically). If the price of this item increases, how would t..
Using the calculations from part a, and the methods described in class, calculate a 99% confidence interval for the population mean forecast, where the population 3 would consist of all economists.
Derive the simple bid-rent function for a model with only firms. Illustrate what factors can cause the city to grow larger.
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