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A process for filling cans of tomato sauce at a particular plant yields cans with sodium levels having a bell-shaped (i.e., approximately normal) distribution with an estimated mean of 460 mg and standard deviation of 20 mg.
a) Apply the Empirical Rule to describe the sodium levels of the cans filled at the plant.
b) Would a sodium level of 430 mg be considered an outlier? Why or why not?
Has the Fed saved us from another Great Depression? Since the recession of 2007, the U. S. Federal Reserve has increased bank reserves and brought the federal funds rate (interest rate charged with banks on interbank loans) down to 0.25 %. Did this p..
Consider a market characterized by the following demand and supply conditions: PX = 15 - 2QX and PX = 3 + 2QX. The equilibrium price and quantity are, respectively, a $3 and 9 units.
The bank issues a letter of credit to one of its corporate clients. What is the immediate impact on the equity ratio? What is the immediate impact on the equity ratio desired by the bank's management?
a firm has the following production function q kl where q output l labour measured in person hours k capital
Suppose a basket of goods and services has been selected to calculate the consumer price index (CPI) and 2002 has been selected as the base year. In 2002, the baskets cost was $600; in 2004, the baskets cost was $650; and in 2006, the baskets cost..
At the end of each year, a worker invests $2,000 into an account the draws 4% interest. The worker makes every payment for the next 30 years except for the payment at the end of year 10. That is, no money is invested at the end of year 10. How much m..
Managerial decisions are affected primarily by microeconomic forces. By and large, managerial decisions are not affected by either microeconomic or macroeconomic forces.
What will be the company's profits or losses? How can you tell at a glance whether the company is making or losing money at this price just by looking at average cost?
Identify the type of merger activity in industry or one with which you are familiar-horizontal, vertical, or conglomerate-and explain why you made that choice.
Discuss the concepts of price transparency and information asymmetry and they apply to the diamond industry as a result of the entry of BlueNile. Name another industry where the Internet has had a similar impact.
How do particles move in an ocean wave? How is that movement similar to or different from the movement of particles in a wave in a spring or a rope? How does this relate to a stadium wave - a waveform made by sports f..
Labor hours required to produce one unit of cloth in the united kingdom is 6. The labor hours required to produce one unit of cloth in the united states is 5. Which country has an absolute advantage of producint wheat In producing cloth
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