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1. Three confidence intervals for the mean shear strength (in ksi) of anchor bolts of a certain type are com- puted, all from the same sample. The intervals are (4.01, 6.02), (4.20, 5.83), and (3.57, 6.46). The levels of the intervals are 90%, 95%, and 99%. Which interval has which level?
2. A new catalyst is being investigated for use in the pro- duction of a plastic chemical. Ten batches of the chemical are produced. The mean yield of the 10 batches is 72.5%, and the standard deviation is 5.8%. Assume the yields are independent and approximately normally distributed. Find a 99% confidence interval for the mean yield when the new catalyst is used.
Are Lay's Potato Chips a normal or inferior good and Doritos a substitute or complement for Lay's, the marginal cost of producing a bag of Lay=s is 60 cents. How much should you charge per bag?
Explain how The market based policies might be used to solve the problems of externalities. Be sure to define all terms and identify the origins of any theories you use
Is it possible for companies both to maximize financial value for shareholders and to act responsibly in the communities in which they operate. Cite examples of companies that are doing so.
The county municipal council owns a toll bridge that costs the county $250,000 every year to operate and $130,000 a year to maintain. The facility brings in revenue of $500,000 per year.
A monopolist faces a demand curve given by the following equation: P = $500 − 10Q, where Q equals quantity sold per day.Assume that the firm faces no fixed cost.
How long will it take for your money to double? Show your calculations. You are not allowed to use any approximation formulas, such as the "rule of 70". Round your answer to 5 decimal places.
Find the economic order quantity, total cost and the reorder point, What quantity should be ordered?
Provide some example of a goods that you purchase or market at your workplace to demonstrate why demand curve slopes downwards and why supply curve slopes upwards?
Explain how you would modify the data in order to make it relevant to decisions a manager must make. Explain the major factors that affect the degree of competitiveness in your industry.
The CPI calculation
Normal 0 false false false EN-US X-NONE X-NONE Why is time such an importa..
Write a program to calculate the Grade Point Average
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