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Q. Briefly, what is probability(1) work the following problems, (2) tell me what rule or principle you used to solve them and (3) then look at others' answers to check yourself and that person -- let's see if we can come to consensus on them!3.An investor buys 100 shares of AT&T stock and records the price changes daily.a.List several possible events for this experiment.b.Estimate the probability for each event you described in part a.c.Which concept of probability did your use in part b?4.A study by the National Park Service revealed that 50 percent of vacationers going to the Rocky Mountain region visited Yellowstone Park, 40 percent visit the Tetons, and 35 percent visit both.a.What is the probability a vacationer will visit at least one of these attractions?b.What is the probability .35 called?c.Are the events mutually exclusive? Explain.5.An investor owns three common stocks. Each stock, independent of the others, has equally likely chances of (1) increasing in value, (2) decreasing in value, or (3) remaining the same value. List the possible outcomes of this experiment. Estimate the probability at least two of the stocks increase in value.6.A telephone number consists of seven digits, the first three representing the exchange. How many different telephone numbers are possible within the 537 exchange?7.A company is creating three new divisions and seven managers are eligible to be appointed head of a division. How many different ways could the three new heads be appointed?
Price elasticity of demand is 1.5 and a firm raises its price by 20 percent the quantity sold by the firm will ceteris paribus.
The quantity demanded of the resource in each year is given by the equation Qt = 10 - Pt . The marginal cost of extraction is zero.
A competitive firm that is profit maximizing pays a wage. The firm has started marketing its new product.
If the Federal Reserve adopts a restrictive monetary policy that leads to relatively high interest ratesin United States, what happens to the demand and supply of foreign currency and the dollar's exchange value.
discuss the major types of financial intermediaries in the U.S. and illustrate the differences in the way assets and liabilities are recorded on their balance sheets
New manufacturing technologies are often viewed as labor saving in nature. Using a production possibilities frontier with manufactured capital goods on one axis and labor-intensive goods on the other axis.
Clarke's workers are highly skilled artisans with a great deal of job mobility. What impact would the wage increase have upon the firm's employment.
Estimated regression equation for which quantifies the demand for Widget
Describe the Schumpeterian notion of "creative destruction"
One day you realize you're tired of smelling like refried beans all the time and begin thinking about starting your own business. After doing some investigation you decide to spend 15 hours per week running a photocopy service in your dorm.
Alex's Furniture Mart produces and sells tables in a perfectly competitive market. When Alex's Furniture Mart produces and sells 250 tables.
Specify the set of mutually beneficial allocations relative to the initial endowment and illustrate the set.
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