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A hacker is trying to guess someone's password. The hacker knows (somehow) that the password is 4 digits long, and that each digit could be a number between 0 and 5. Assume that the hacker makes random guesses. What is the probability that the hacker guesses the password on her first try? Round to six decimal places.
Probability =
How do you explain to your friends that despite making a pro?t, it is too costly for you to continue running your store?
You take $1000 you had kept under your mattress and deposit it in your bank account. If this $1000 stays in the banking system as reserves and if banks hold reserves equal to 20 percent of deposits, by how much does the total amount of deposits in th..
A DOT is performing a benefit-cost analysis of a new highway using an analysis period of 40 years as part the required environmental impact assessment of the project. The section of highway is estimated to have a construction cost $260 million dollar..
1. What is your overall impression of the medical practice and the receptionist?
Assume all employees are paid the same wage. A decreasing marginal product of labor, while still a positive number, tells us that marginal cost must be increasing. A watch manufacturer finds that at 1,000 units of output, its marginal costs are below..
A U.S. government bond matures in 10 years. Its quoted price is now 96.4, which means the buyer will pay $96.40 per $100 of the bond’s face value. The bond pays 5% interest on its face value each year. If $10,000 (the face value) worth of these bonds..
Describe a potential capital expenditure project from the industry in which you now work or an industry in which you are interested. What is the project? Describe and provide an approximate value of the initial cash flow. Describe and provide an appr..
You want to set up a college saving plan for your sister. She is currently 10 years and will go to college at age 18. You assume that when she starts college, she will need at least $100,000 in the bank. How much do you need to save each year in orde..
Choose at least three of the barriers to entry listed below that affect the market in which your business operates (or a company of your choice). Explain how these barriers affect your company. Economics of scale - Barriers created by government - Es..
Assume that Lexar and Corsair act as perfectly competitive firms and that Chinesegoods flow freely into the United States. Draw the aggregate (e.g. including all firms)supply curve for this industry in the space below. What is the market clearing ..
an increase in the demand for new housing in Saskatchewan.
Economic formulas are available to compute annual payments for loans. Suppose that you borrow an amount of money P and agree to repay it in n annual payments at an interest rate of i. Write an M-file to compute A. Test it with P=$100,000 and an inter..
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