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Research by the Food and Drug Administration (FDA) shows that acrylamide (a possible cancer-causing substance) forms in high-carbohydrate foods cooked at high temperatures and that acrylamide levels can vary widely even within the same brand of food (Associated Press, December 6, 2002). FDA scientists analyzed McDonald's French fries purchased at seven different locations and found the following acrylamide levels:
497 193 328 155 326 245 270
a. Compute the mean acrylamide level and the seven deviations from the mean.
b. Verify that, except for the effect of rounding, the sum of the deviations from mean is equal to 0 for this data set. (If you rounded the sample mean or the deviations, your sum may not be exactly zero, but it should be close to zero if you have computed the deviations correctly.)
c. Calculate the variance and standard deviation for this data set.
Critique BP's handling of the Gulf oil spill from a communications perspective. What were their central messages? What were their major challenges?
Owners of Sizzling Foods can earn a 14% rate of return on that land it they leased it others as a parking lot and while the last nurse hired treated 1,000 extra patients in a year. If doctors make $40,000 a year, what do nurses make?
Does a monopolistic competitor produce too much or too little output compared to the most efficient level? What practical considerations make it difficult for policymakers to solve this problem?
The idea of tax rebates to stimulate the economy
hollywood screenwriters negotiate a new agreement with movie producers stipulating that they will receive 10 of the
Describe situation in terms of an externality, describe this situation in terms of conflicting property rights claims - describe the tradeoff society faces in deciding how to settle matter.
In the competitive market, the market demand is Qd=48 - 5p and the market supply is Qs = 7P. The equilibrium price is4
Discuss the usefulness of swaptions (swap options) relative to the current economic environment. Give three specific examples of how a bank can use this derivative both for risk management and speculation.
In 2007 and 2008 the Federal Reserve Open Market Committee voted to lower interest rates repeatedly. Please explain: a) why the Fed would do this, b) how the Fed would do this,c) Possible consequences on the economy of the Fed's actions.
Assume a hypothetical case where an industry begging a perfectly competitive and then becomes monopoly
The input to a clipping circuit is a sine wave of peak value 25 V. Design the component values such that the output should have its positive peak clipped at 15 V and negative peak at - 18 V.
Adrian is about to borrow $2,814 from his uncle. He has an option to repay the loan at the end of year 5 with 9.62% simple interest per year or with 5.36% interest per year, compounded annually. What is the difference of the total interest paid over ..
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