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When doing blood testing for a viral infection, the procedure can be made more efficient and less expensive by combining partial samples of different blood specimens. If samples from three people are combined and the mixture tests negative, we know that all three individual samples are negative. Find the probability of a positive result for three samples combined into one mixture, assuming the probability of an individual blood sample testing positive for the virus is 0.12.
Round the answer to four decimal place accuracy.
An ongoing approach debate concerns whether to legalize utilize of drugs such as marijuana also cocaine.
Based on the possible beneficial externalities from college education dispute for whether or not a case exists for public funding of college education.
In the diagram below, assume that there are two classes of citizens, the "hawks and the "doves," with different preferences for national defense spending. Draw the social marginal benefit curve for society as a whole. Determine the theoretical optimu..
If the US inflation rate becomes high relative to Canadian inflation the following outcomes will occur for the scenarios listed - The demand for Canadian dollars will increase; The supply of Canadian dollars available for sale in the market will decr..
Assume a banking system with many banks. The reserve ratio in all banks is 16 percent and excess reserve is held in the banking system (i.e. banks are all "loaned up"). Sam sells gis government bond to the Fed. Sam received $3,000 in cash, which he ..
For a particular product, Country A's supply and demand are represented by the following functions:
Using basic Boolean algebra identities for Boolean variables A, B and C, prove that X'Y + XYZ' + Y' + XZ (Y+Y') = 1. Please show all steps and mention.
A local utility finds that when the price of natural gas (dollars per mcf) is 3.52 the average household uses 4.17 mcf. Further, when the price is 4.65 an average household uses 3.65 mcf. Calculate the slope of a linear function that describes this r..
Suppose that a monopoly firm finds that its MR is $64 for the first unit sold each day, $63 for the second unit sold each day, $62 for the third unit sold each day, and so on. What is the firm’s MRP for each of the first five workers? Suppose that th..
Prior to liquidating their partnership, Fowler and Brooks had capital accounts of $29,000 and $55,000, respectively. Prior to liquidation, the partnership had no cash assets other than what was realized from the sale of assets. Determine the amount r..
Suppose the CFO of an American corporation with surplus cash flow had $50million to invest last March 20, 2015 and the corporation did not believe it would need to utilize these funds to retool or expand production capacity for 1 year. What must the ..
Unemployment insurance is an employer paid government program that provides laid-off workers with benefits worth some proportion of their previous wages (Texas-25%) for some limited amount of time. Discuss firms response to government requirement to ..
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