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Question: A company owns two different computers, which are in separate buildings and operated entirely separately. Based on past history, Computer 1 is expected to break down 5.0 times a year, with a variance of 6, and costing $200 per breakdown. Computer 2 is expected to break down 3.6 times per year, with a variance of 7, and costing $165 per breakdown. What is the company's expected cost for computer breakdowns and the variance of the breakdown cost? What assumption must you make to find the variance? Is this a reasonable assumption?
Provide an example of an economic good whose producer would increase the quantity supplied if the price were to go up. Summarize why the quantity would increase in your response.
Assuming that the requirements for a one-way layout are met, analyze the data. State whether there is statistical support at the α = .05 level of significance for the conclusion that at least one of the concretes differs in average strength from t..
Often the public role is a part-time one, and engineers who accept such assignments will also have full-time jobs as employees or owners of engineering ?rms. What are some of the ethical issues that can arise from con?icts between the public- and p..
Construct a table showing the (net) marginal revenue product derived from assembly worker employment and how many assemblers would Just Bikes employ at a daily wage rate of $100? Explain your answer and show all calculations.
If the firm has $20,000 on hand, with only these two project to choose from, will they invest in A, B, neither or both? Show the calculations that lead to your conclusions. Explain whether you answers would be different for either project if the f..
The Tax Reform Act of 1986 eliminated the deductibility of interest payments on consumer debt mostly credit cards and auto loans but maintained the deductibility of interest payments on mortgages and home equity loans.
Decide the demand function and inverse demand function for good X. Indicate whether goods Y and Z are substitutes or complements for good X? Is X an inferior or a normal good? How many units of good X will be purchased when Px=4900?
Explain "open markets and closed borders" as it pertains to smuggling, free trade, and border enforcement and what are the challenges of facilitating legal border crossings while maintaining secure borders?
Does PNC have a dominant strategy? What is it? Does Citizens have a dominant strategy and Does the result of your answer change if the game is played an infinite number of times?
Explain how the following would impact the money supply: a. People decide to hold more cash b. Banks hold more excess reserves c. The Fed decreases the required reserve rate d. The Fed increases the discount rate
Briefly Explain how the Gross Domestic Product (GDP) affected the recession in the United States throughout the late President Bush and early President Obama years.
If you assume the Law of Diminishing Marginal Returns is true, what should happen with per unit average variable cost as output increases?
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