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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?
consider the following class of estimatorswsuba 1a1y11a2y21a3y31a4y4 where ai are the constants.a what restriction on
The price at point a is $70 and the price at point c is $10 per bag. The price at point d is $49 and the price at point e is $24 per bag. The price at point f is $48 and the price at point g is $13 per bag.
The utility function is U = U (X, Y) If the 2nd derivative for both x and y is greater then 0, does that mean the indifference curves are both convex? Explain why or why not.
After a competitive bidding process, Firm G wins a contract to collect and dispose of Firm H’s hazardous waste for $1,000 per year. Firm G’s labor costs are $200 per year, and because of the unique nature of the waste, it has to invest $8,000 in a sp..
Total explicit costs of using market-supplied resources for Quest Realty- partial income statement from Sizzling Foods
generally speaking many companies are interested in the potential cost savings of using the same product and
Suppose an economy described by the Solow model has the following production function: Y= K^1/2(LE)^1/2: a) For this economy, what is f(k)?
What determines the vertical intercept of the Security Market Line (SML)? What determines its slope? And what will happen to an asset’s price if it initially plots onto a point above the SML?
Other things being constant, how will the following influence the hourly earnings of employees? Explain your answer. a. The employee must work the midnight to 8: 00 A.M. shift.
estaban has two fields on his farm near vallencia spain where he can grow oranges and olives. field 1 is 100 acres in
Evaluate the "Accuracy" of the forecast for the "hold out period" using RMSE and MAPE error measures used from forecast period residuals and comment them.
An economy has full-employment output, Yn, of 6000. Government purchases, G, are 1200. Consumption is C = 3600-2000r + 0.10Y and investment is I = 12-400r, Y is output and r is the real interest rate. Discover an equation relating national saving, S,..
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