Calculate the percentage of iq scores

Assignment Help Microeconomics
Reference no: EM13201110

IQ scores are normally distributed and assume that the average IQ for all Economics majors is 108 with a standard deviation of 11.

What percentage of Economics majors would have an IQ of more than 118?

Reference no: EM13201110

Questions Cloud

Solve media selection problems : Media selection problems usually determine, a. how many times to use each media source.
Write the payoff matrix for the interaction : The firms consider a collusion. Each firm knows that the other firm will cooperate as long as they have not been cheated. Once cheated, each firm will not cooperate ever again. You are firm 1. Your discount rate is 0.3. Compare the present value o..
How does change the degree of operating leverage : Suppose that the expected variable costs of Otobai's project are ¥33 billion a year and that fixed costs are zero. How does change the degree of operating leverage? Now recompute the operating leverage assuming that the entire ¥33 billion of costs..
State what time will train b catch up to train a : Train A and B are traveling in the same direction on parallel tracks. Train A is traveling at 100 miles per hour and train B is traveling at 104 miles per hour
Calculate the percentage of iq scores : IQ scores are normally distributed and assume that the average IQ for all Economics majors is 108 with a standard deviation of 11. what percentage of Economics majors would have an IQ of more than 118.
What is the highest amount you are willing to pay per period : what it is doing, given its high cost. You consider paying them some amount per period so that they would stop producing in this market. Based on (b) and (c), what is the highest amount you are willing to pay them per period, including any transac..
The account had earned compounded monthly : Dwain withdrew all of the $2,500 in his savings account to pay the tuition for his first semester at college. The account had earned 12% compounded monthly.
What is the required return on okefenokee stock : What is the required return on Okefenokee stock, estimate the company cost of capital and what is the discount rate for an expansion of the company's present business?
Is democracy up to the challenge of being an effective form : Dani Rodrik argues that democratically elected governments, not international finance, should be the ultimate source of discipline for national economies. Others say that democracy itself is the problem.

Reviews

Write a Review

Microeconomics Questions & Answers

  Example of economics that affect science

Limited funding may lead scientists to research one topic instead of another.legislators may create new laws about the use of natural resources based on the recommendations of scientists.

  Find the cournot solution algebraically

The equation QA= 1/2(12-Q)b) is the so called reation function of duopolist A in a COurnot model becasue given the value of Qb, Qa gives the best or profit-maximizing level of sales of oligopolist A. Show that this is the case with reference. Wha..

  Relation between average product and average variable cost

What is the relationship between the average variable cost and marginal cost and relation between average product and average variable cost?

  Calculate the maximum lump-sum tax

California's newly deregulated power market start operation. The large power utilities in state turned over control of their electric transmission amenities to the new Independent System Operator (ISO) to promise fair access to transmission through a..

  Rankof the countries according to gdp

Rank the countries according to GDP per person in the most recent year for which you collected data. List the countries with the 10 highest levels of GDP per person. Has the composition of the 10 richest countries changed since 1970?

  What price will the firm charge

What is the profit maximizing level of output for this monopolist? What price will the firm charge? What profit will the firm earn and what are your answers to (a) if average consumer income is $30,000?

  Exercise on public goods and monopoly

Show that the optimal amount of the public good isthe same in every Pare to efficient allocation. What is this amount? Will the optimalamount of the public good change if the initial wealths of the two individuals change?

  Explain absolute macroeconomic equilibrium

Explain and illustrate what is expected to happen to an economy in "absolute macroeconomic equilibrium when, ceteris paribus, there is an established concerted policy to bring down loanable interests rates. Use both, the Aggregate Expenditure grap..

  Question related to oligopolies

Suppose that you are on holiday in Russia, when suddenly you are arrested and accused of spying for United States.Your captors tell you that if you confess, you will receive a prison sentence of 2-years,

  Calculate total cost and average total costs

Calculate total cost and average total costs if demand is 450 per month and what happens to average total costs (ATC) when your production goes up from 250 to 450?

  What will be the deadweight loss

The government dislikes smoking, and likes tax revenue. If they wanted to increase the after-tax price to $10 per pack, what size of excise tax must be placed on sellers? How much revenue will it raise? What will be the Deadweight Loss?

  Difference between accounting and economic profit

What is the law of diminishing returns? Can you provide an example of when diminishing returns have set in (could set in) at a work place?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd