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Average heart rate for Americans is 72 beats/minute. A group of 18 individuals participated in an aerobics fitness program at American Kickboxing of New York to lower their heart rate. After six months, there was evaluation conducted on the group to identify if the program had significantly slowed their heart. The mean heart rate for the group was 69 beats/minute with a standard deviation of 6.5. You need to construct a 95% confidence interval for the mean of all such heart rate levels to determine if the aerobics program was effective in lowering heart rate. What is the margin of error?
Tracy has utility given by U(F,H) = FH^2. Last week Tracy had an income of 6 and the price of food was 1, the price of housing was 1. This week Tracy has income of 12, the price of food is 1/2 and the price of housing is 4. Find Tracy's optimal it co..
What implications do the granting of options have for the incentives and risk facing the employee? Briefly explain.
Connect the points. Describe the resulting curve. Does it make sense to you?
In a command-system farm economy, the head of each household decides what crop to produce in the family farm. In the Circular Flow model of the market system, households are the ones who demand resources in the resource markets. The Law of Demand sta..
If we open up the market to free trade so that the world price dominates, what will be the quantity imported? Suppose the government placed a tariff of $10 per unit imported on this good. How much revenue would they raise?
You take 5 balls with replacement randomly from the bag and count how many orange balls you get. What is the mean and standard deviation of this event?
A farmer determined a natural gas preserve on his property.
Does the elimination of competition promote efficiency? Why do you think Achnacarry was a pipe-dream? please include (Opinion, Reason & Facts, Explanation, Citation)
Suppose that your marginal federal income tax rate is 30%, the sum of your marginal state and local tax rates is 5%, and the yield on thirty-year U.S. Treasury bonds is 10%. You would be indifferent between buying a thirty-year Treasury bond and buyi..
According to the Congressional Budget Office estimates, output was 2.9% below potential output in the 4th quarter of 2014. The unemployment rate was 5.7%. What was the implied natural rate of unemployment?
Elucidate what is meant by "double coincidence of wants, and why it poses an impediment to efficient trade in a barter economy.
If the Japanese steel industry subsidizes the steel that it sells to the United States, the harm done to U.S. steel producers is less than the benefit that accrues to U.S. consumers of steel. Why is this? And how do you know?
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