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the joint probability distribution between employment status and college graduation among those either employed or looking for work (unemployed) in the working age U.S. population for 2008.
Joint Distribution of Employment Status and College Graduation in the U.S. Population Aged 25 and Greater, 2008Unemployed (Y=0) Employed (Y=1) TotalNon-college grads (X=0) 0.037 0.622 0.659College grads (X=1) 0.009 0.332 0.341Total 0.046 0.954 1
a. Compute E(Y)b. The unemployment rate is the fraction of the labor force that is employed. Show that the unemployment rate is given by 1-E(Y)c. Calculate E(Y|X=1) and E(Y|X=0)d. Calculate the unemployment rate for (i) college graduates and (ii) non-college graduates.e. A randomly selected member of this population reports being unemployed. What is the probability that this worker is a college graduate?f. Are educational achievement and employment status independent?
Many corporation manufacture more than one product. What is the motivation to do this and explain how do rules for profit maximization differ between a single product corporation and a multiproduct corporation?
Other than economies of scale, what would you think to be fence to entry into a market? Are these fence the similar for all market structures and Describe three oligopoly pricing models
World Tennis Ball Co. (WTB) makes tennis balls and sells them only in the U.S. Raul Fernandez, the firm's marketing manager, is comparing his firm's distribution with two major competitors. 1) WTB sells its products through four regional distribut..
Trade liberalization makes poor nations worse off because it displaces domestic production. It would be better to save fledgling domestic manufacturers from import competition in order to endorse industrial development.
Assume there is a decrease in British (United Kingdom) demand for French products like cheese, wine, perfume etc., with all else remaining unchanged we expect
In 1981, the United State negotiated a contract with the Japanese. The contract called for Japanese auto firms to limit exports to the United State.
Can operate at the upper limit of your competence and can critically analyze and question claims made about the design and deployments of new communication services
Assume that under the Bretton Woods system, dollar is pegged to gold at a rate of $35 a ounce and pound sterling is pegged to the dollar at a rate of $2 = £1.
Make a case for the effects of each of these changes on the Pastoral Nomad lifestyle and given constraints in semi-arid environments, to what extent has the pastoralist lifestyle become unsustainable?
Do you expect Tradia to export more with the subsidy and what is the change in consumer surplus due to the subsidy
Pelican Point financial group's clientele consists of 2-types of investors. The 1sttype of investor makes many transactions in a given year and has a net worth of over 1 million dollar.
The bulk of the spurt can be traced to the boom in investment information technology capital and to the growth in the information technology-producing part of the economy. Measurement issues abound and having better data would help resolve them.
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