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The National Center for Health Statistics reports that 25% of all Americans between the ages of 65 and 74 have a chronic heart condition. Suppose you live in a state where the environment is conducive to good health and low stress and you believe the conditions in your state promote healthy hearts. To investigate this theory, you conduct a random telephone survey of 18 persons 65 to 74 years of age in your state. Round your answer to 4 decimal places, the tolerance is +/-0.0001. a. On the basis of the figure from the National Center for Health Statistics, what is the expected number of persons 65 to 74 years of age in your survey who have a chronic heart condition? b. Suppose only one person in your survey has a chronic heart condition. What is the probability of getting one or fewer people with a chronic heart condition in a sample of 18 if 25% of the population in this age bracket has this health problem? What do you conclude about your state from the sample data? * Since the probability is so , the population of your state may have a percentage of chronic heart conditions than those of other states
If the bank maintains a reserve requirement of 2 percent, what is the maximum loan that the bank A can make?
a social entrepreneur is a leader or visionary who is driven to achieve social change. social entrepreneurs provide
suppose the fisher hypothesis holds for an economy that has an expected real interest rate of 2 percent. for each of
Consider the following information in the table for Pat's Pizza Restaurant
capitalism emphasizes fostering individualism while socialism emphasizes collectivism. a major criticism of capitalism
The value for F must make Matt simi- larly indifferent: Solving this equation yields Thus, the strategy profile presented is a subgame perfect Nash equilibrium when and Given this equilibrium, let's calculate the probability of Fiona and Matt e..
"A shift outward in the demand curve always results in an increase in total spending (price times quantity) in a good. On the other hand, a shift outward in the supply curve may increase or decrease total spending."
"Oligopolies have a negative impact on income distribution." Do you agree or disagree? Provide justification for our response.
why are trade agreements important for the various countries involved? how is international trade related to the u.s.
why does the insurer often need the permission of the insured to settle claims out of court for professional liability
What are the advantages and disadvantages of the oligopolistic structure? How would an increase in a monopolist's fixed costs affect its profit-maximizing choice of price and quantity?
services industries are important in building economic growth.write your essay by addressing the following-describe
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