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1) We've collected a random same of 8,418 adults from the U.S. population in 2008 and calculated Body Mass Index (BMI). We found the Sample Mean [BMI(hat)] to be 27.7 with an estimated standard error of 0.21.
a) Provide an estimate for the underlying population distribution, showing how you could come to such a conclusion (i.e. explain with a few words or some basic math).
b) Using the distribution described in part a), compute the probability that an individual adult, randomly selected from the U.S. population, will have a BMI greater than or equal to 30 (i.e., calculate Pr(BMI ≥ 30).
c) Construct a 90% Confidence Interval for the mean BMI of the U.S. population (μ).
what are some real-life examples of monopolistically competitive oligopoly and monopoly markets? how do market prices
1. Why might federal spending on roads, waterways, or national security be less subject to direct expenditure off sets than spending on health care or education 2.What might account for the fact that estimates of effect time lags for fiscal p..
FULL karma for complete and clear response. 1. Under what conditions are the Cournot and Bertrand equilibria the same 2. What happens to price and output in the Cournot, Bertrand and Stackelberg models if marginal costs increase by 10 percent
type your question here on the basis of trends in bank branches does the public appear to have more or less access to
You have been hired as a consultant for the United Potato Growers. Your research indicates that fresh potatoes have an own price elasticity of -.12 and potatoes in general are -.29.
The price elasticity for rice is estimated to be -0.4 and the income elasticity is 0.8. At a price of $0.40 per pound and a per capita income of $20,000, the demand for rice is 50 million tons per year.
Identify the four major tools of monetary policy. b) Describe how changes in the Fed’s major policy tools lead to [1] expansionary and [2] restrictive or contraction monetary policies. Define the four basic types of trade barriers. b) Who gains and w..
discuss how the criterion for efficiency in the dynamic context of stock pollution differs from the criterion in a
What is the price elasticity of demand compares the percent change in quantity demanded relative to the percent change in price - this is done by taking the change in quantity demanded by the change in price.
explain briefly how a change to the following ms md or p ceteris paribus would shift the lm function to the right.
Suppose you have the cobb -Douglass production function k^2L^1/2. Calculate the optimal combination of input goods (K and L that the firm should purchase as function of g, w, and v). Calculate the firm's cost function.
Imagine that you are the marketing manager responsible for developing marketing strategy for a bicycle company. Propose the strategic marketing process you will use, being sure the name the stages, the activities included in the stages, and stage-spe..
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