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Suppose that we are collecting a large data set on emotional reactivity in adults. Assume that for most adults emotional reactivity is normally distributed with a mean of 100 and a standard deviation of 10. But for people diagnosed with bipolar disorder, their scores are all over the place. Some are temporarily depressed and they have low reactivity scores. Others are temporarily in a manic phase and their scores are quite high. As a group they still have a mean of 100, but they have a standard deviation of 30. Assume that 10% of the population is bipolar. (The actual percentage is closer to 1%, but 10% will lead to a better exam- ple.) This is a case of what is called a mixed normal distribution. Sketch what you think that this distribution might look like. What would happen if we made the means very different?
Draw a graph with the ratios for Argentina, Venezuela, Chad, and Madagascar. Does your new graph support the notion of convergence among Argentina, Venezuela, Chad, Madagascar, with the United States?
This is a self-reflection paper developed based on the classroom discussion around minimum wage. Explain the effect minimum wage has on the economy. List and describe both the pros and cons of the more recent increases in the federal minimum wage...
F8. Dr. Old requires that all services be paid for a time of treatment, in cash. If he decided to allow patients to pay with credit cards, will it increase or decrease price elasticity?It will increase price elasticity because more options of payment..
Determine the dollar value of a waste-end charge that would restore efficiency to this market. Explain your answer intuitively.
Select a news article dated within the previous two months and analyze the issue using the economic concepts and theory learned in this class. Include at least one graph developed in our course.
Describe the effect of government interventions in markets and incentive policies on economic behavior. eco/365
1.sam smith owns an internet radio company that has subscribers in houston and dallas. the demand functions for the 2
Wall-Mart offers to match the price of any competitor and why is this guarantee not necessarily a benefit to consumers?
Assuming he wishes to maximize profit, given these restrictions, formulate this decision problem as an LP model in general form. Solve it using Solver, and report and analyze the optimal solution
Critics have argued that if there are strong factor substitution effects, these subsidies could reduce employment in the state. Explain their argument. How does this affect the labor market
Find the equation for the ATC. Is it U-shaped? A simple yes/no is not enough. Use math. Find the shut-down price. How much will the firm produce at the market price of $53.4?
Cost-Plus Pricing. Wendel Stove Company is developing a "professional" model stove aimed at the home market. The company estimates that variable costs will be $2,000 per unit and fixed costs will be $10,000,000 per year.
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