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A traffic light is set to switch from red to green according to a uniform distribution with a mean of 45 seconds. The difference between the smallest and largest number of seconds it takes the light to switch is 8 seconds.
a. draw a picture illustrating the specifics of the function
b. what is the probability that the light will take at least 43 seconds to switch?
c. what is the median number of seconds for the light to switch?
what economic arguments support government financing of personal health services to certain population groups?we all
Residents of your city are charged a fixed weekly fee of $6 for garbage collection. They are allowed to put out as many cans as they wish. The average household disposes of three cans of garbage per week under this plan.
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 80 - 0.5P, and the marginal cost of production is $100. Decide the optimal number of units to put in a p..
What are the major components of the current account in the balance of payments? How is the current account balance determined?
Which of the following items would not be included in GDP for the current year?
define performance appraisal and explain the areas in which performance data and information are used for making
what are the potential consequences of a country having a large overall national or public debt? if you were in the
In the text, we considered a sequential move game in which an entrant was considering entering an industry in competition with an incumbent firm. Consider now that the entrant, if fought, has the possibility of withdrawing from the industry (at a lo..
Require a lot of calculations in STATA
Resource consumption per person in the United States is either flat or falling, depending on the resource
A Federal Reserve Bank has employed the economic consulting company to make a paper on how the use of money has changed over the past twenty years.
1) If it costs more energy to recycle than to dispose, shouldpeople be incourage to recycle 2) Oregon Forrest Restoration Act requires a logging companythat cuts a tree, must plant 3 to replace it. Why do you think mosteconomist saythis law is not..
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