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Presume we have two independent binomial random variables that both have success probability in a single trial of p. The random variable X denotes the number of successes in three trials, whereas the random variable Y represents the number of successes in two trials. We form a new random variable Z = X + Y.
1. What is the expected value of Z?
2. What is its probability distribution of Z?
Some states are required to balance their budgets. Is this measure stabilizing or destabilizing? Suppose all states were committed to a balanced budget philosophy and the economy moved into a recession. What effects would this philosophy have on t..
Find out the total revenue (TR) and total profits in terms of Q. At what level of output (Q) are total profits maximized? What price will be charged? What are total profits at this output level?
A market has the following characteristics: there are many firms, few barriers to entry, each firm acts independently with differentiated products, and no possible long-run economic profit. The difference between a perfectly competitive firm and a ..
Calculate profit for each quantity. How much should the firm produce to maximizeprofit?
imagine that you have a fixed 30-year interest rate for your mortgage and the economy has experienced unanticipated
perform one of the self-perception - using the following apa format- title page- provide a 1-2 page response only not
The market for DVD’s has a supply and demand curve P’= 2Qs and P=42-Qd a. How many units will be traded at a price of $35? At $14? Which participants will be dissatisfied at these prices?
1.controlsoft inc. is a supplier of inventory management and control software that is popular with companies in the us.
taking off from an aircraft carrier is a non-trivial operation. basically theres not enough room for the jet to taxi
Explain and discuss the differences between private goods, public goods, natural monopolies, and open-access goods.
market researchers at chrysler estimated the demand for their new chrysler crossfire sports cars as followsqc 1050000
. In a sample of 300 houses, the sample average price was found to be $196,340. Assume the variance of house prices is 120,000,000. Let random variable X denote house price, and ? denote its unknown population mean, E(X) = ?. For each of the follo..
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