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Assume that female student heights are normally distributed with a mean given by µ = 64.2 in. and a standard deviation given by ƒ = 2.6 in.If one female student is randomly selected, find the probability that her height is above 63.0 in. If 100 female students are randomly selected, find the probability that they have a mean height greater than 63.0 in.
What are the Big Five dimensions of traits?
1.What is meant by the poverty trap? What design of benefit system would offer the best solution to the problem of the poverty trap?
Present an economic argument to explain why firms often have mandatory retirement (where allowed by law). How do influence costs affect pay within internal labor markets?
The company faces a market price of $15. Algebraically calculate the profit maximizing output and the level of optimal profit for the company.
What is the marginal revenue from an extrac dollar of advertising - the relationship between the amount spent by the firm on avertising and its sales.
Identify at least four policies from the textbook that the government has created to impact economic growth and productivity.
Thus, low income people and people with bad credit histories will be able to obtain credit on more favorable terms." Do you agree with this argument? Explain.
How do the ideas of accounting profit and economic profit differ and explain why is economic profit smaller than accounting profit also determine the three basic sources of economic profit?
Suzie's Silk Scarves is a start up that sells high quality scarves out of a boutique store. The monthly rent of store is $1,500 and Suzie has one manager who runs the store and receives $3,000 each month.
Explain the basic distinction between microeconomic analysis and macroeconomic analysis. Describe the types of issues that each branch of analysis focuses on - Describe the types of issues that each branch of analysis focuses on.
Briefly explain how a tax bill becomes a tax law. What role does the Internal Revenue Service play in interpreting, and providing guidance on, the tax law? What types of tax law guidance are published by
What should the firm do in the face of a new demand schedule shown in (b) in the short run? Explain why. What are price, quantity and profit for this company?
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