Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
An environmental scientist wants to estimate the mean mercury content in ppm of fish in a lake. They collect a random sample of 50 fish from the lake, measure the mercury content of each, calculate the average mercury content for these 50 fish and a 99% confidence interval for the mean. The confidence interval is (0.82, 1.13). Which of the following are valid interpretations of the confidence interval?
I) We are 99% certain that each fish has approximately 0.82 to 1.13 ppm of mercury.
II) We expect 99% of the fish to have between 0.82 and 1.13 ppm of mercury.
III) We would expect about 99% of all possible sample means from this population to be in between 0.82 and 1.13 ppm of mercury.
IV) We are 99% certain that the confidence interval of (0.82, 1.13) includes the true mean of the mercury content of fish in the lake.
Please explain your reasoning.
Suppose that you are a governmental official who is responsible for making a recommendation on one good or service to be subject to a per-unit sales tax. Your boss, and elected official, told you to consider taxing widgets and fisbins sell for about ..
Compare and contrast the ticket prices and product offerings of the two airlines. Use care that the fares are comparable by examining ancillary charges. What conclusions do you draw about pricing and products?
Derive also graph the MC function. Conclude the cheapest way to produce 20 units. Conclude the cheapest way to produce 12 units.
Suppose you have three production facilities that are polluting a river. Each emits 20 units of pollution. Their marginal cost functions for reducing emissions are, respectively, MC1 = $6, MC2 = $8, MC3 = $10. a) If the objective is to cut emissions ..
Create a list the holds the student grade (A, A-, B+,....), modify the appropriate table to accept only the grades in the list (you need to explain why you selected the above table to record the student grade).
Suppose we want to study the relationship between a household's income and its spending on "essentials". We've collected some data on a variety of households, some of which you see here: Income and Spending for four households Both Income and "Essent..
Graphically if the approval line shifts to the LEFT between bad drugs (on the left) and good drugs (on the right), what happens to the likelihood of error types?
What are the costs of inflation? What are the costs of deflation?
Using appropriate models or theories, explain the economic intuition (logic) behind the following events. An increase in money supply leads to a fall in short-run interest rate. An increase in real income leads to a rise In short-run Interest rate
What are the percentage rise in the price of food also in the price of clothing. What is the percentage rise in the CPI.
Adam Sandler has a utility function U(C, L) = C1/3L1/2. The wages now available to him are $9/hr. Non-wage income in royalties are $6 a day. Find the MRS for Leisure to Consumption to find the optimal ratio of Leisure to Consumption. Write out and dr..
Suppose that all of the firms in the coal mining industry were willing and able to produce and sell 5 million tons per week at a price of $3/ton last week. This week the firms are not willing and able to produce and sell that amount at a price below ..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd