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Assume a binomial probability distribution with n = 40 and p = .55. Compute the following:
a. The mean and standard deviation of the random variable. (Round your answer to 2 decimal places.)
Mean 22 Standard deviation 3.15
b. The probability that X is 25 or greater. (Round your answer to 4 decimal places.)
Probability 0.1711
c. The probability that X is 15 or less. (Round your answer to 4 decimal places.)
Probability 0.0132
d. The probability that X is between 15 and 25 inclusive. (Round your answer to 4 decimal places.)
Probability 0.8157
The mean and standard deviation is right according to the answer check, but somehow when i use the number to calculate the rest of b,c,d; all of them are wrong in the end. Please explain as much details as possible.
The incidence of a payroll tax is borne by both employers and employees. MRP represents what the marginal physical product is worth. If the MRP of labor is below the wage rate, the firm should lay off workers.
A new bridge project is being evaluated at an interest rate of 7%. Reccomend an alternative based on the capitalized cost for each option below:
Based on costs and revenues above, which should you do. Elucidate and show any relevant calculations.
Suppose a firm uses both labor L and capital K as inputs to production. Its production function is of the Cobb-Douglas form, i.e. F (K,L) = K^1/3 L^2/ 3. Express the firm’s real revenues, real costs and real profits in terms of the variables defined ..
If Supply and Demand have the normal shapes (not perfectly elastic or inelastic), a "tax on sellers" will shift demand upward by the amount of the tax, and equilibrium posted price will increase by less than the tax.
You are buying a bond at a quoted price of $892. The bond has a 7.5 percent coupon and pays interest semi annually on February 1 and August 1. What is the dirty price of this bond if today is April 1. Assume a 360-day year.
Explain how that the balance sheet balances if these are the only assets and liabilities.
q1. a monopoly firm is currently earning positive economic profit. the owner of the firm makes a decision to wholesale
For this problem, you will sketch the graph of the firm’s isoquant for Q = 10 units of output, and on the same graph sketch the firm’s isocost line associated with the total cost of producing Q = 10 units of output. To get this total cost, you must u..
According to the imperfect-information model, when the price level rises by the amount the producer expected it to rise, the producer:
The financial writer Andrew Tobias described an incident that occurred when he was a student at the Harvard Business School
There was some dramatic change in the market structure that the one firm merges all the firms in the aforementioned industry. That means now the industry has a monopolist. Find the price, quantity, and the level of profit that a monopolist will face...
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