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In a large population, 70% of the people have been vaccinated. If 4 people are randomly selected, what is the probability that AT LEAST ONE of them has been vaccinated?
Give your answer as a decimal to 4 places.
In the world of electronics overtime people realized the immense use of having a personal laptop. And at the same time the technology has improved significantly in last decade. In fact the technological improvement has surpassed the increase in willi..
argue the relationship among the marginal cost also the average variable cost also among marginal cost also average cost.
We study Economics because we live on a planet that does not provide us with enough resources to give everyone everything that they want. One of the power resources that is scarce is OIL that we use for home heating, for electricity (to burn and crea..
The Fed moved away from Milton Friedman's monetary growth rule or monetarism because: Although Sigmund Freud’s research was carried out in the Victorian era, it clearly revealed that.
Suppose the economy is in long-run equilibrium when GDP declines by $50 billion. The government wants to increase its spending in order to stimulate the economy and avoid a recession. According to Keynesian theory, how much additional government spen..
What are the benefits associated with Cloud Computing? What are the security risks associated with Cloud Computing?
Consider the problem of too much garbage in the US. In Albert's home town, the demand for garbagecollection per bag is q^d = 2000 - 100p. It costs the city $2 for each bag it picks up (MC = $2). However,the town does not charge its residents for each..
The market for roofing services suffers from asymmetric information because customers don't know the quality of roofers' work. Which of the following DOES NOT help overcome this information problem?
In the experiment, the yields for these 14 goats were: 1209 1358 1380 1098 1241 1325 1008 1217 1487 1217 1269 1348 1139 1122. Make a histogram and comment.
Market equilibrium maximizes the total surplus in a market and therefore it is efficient. Market equilibrium guarantees that all mutually beneficial transactions take place. A maximum price below the market equilibrium price will lower the total surp..
Do you think the government, using both fiscal policy and monetary policy, faces any trade-offs in trying to control for inflation vs. unemployment. What do you believe is more of a problem towards long-term economic growth: persistent inflation or u..
Jorje is meeting with his subordinates to determine which workers from his department need training in order to handle production increases expected during next nine months.
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