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Consider the following hypothesis test, answer the given questions
Ho : μ = 17
Hα : μ ≠ 17
A sample of 25 gives a sample mean of 14.2 and sample variance of 25.
a. At 5% should the null be rejected?
b. Compute the value of the test statistic
c. What is the P-value?
d. What is your conclusion?
Write down the IS and the LM equation. Explain why the IS curve is downward sloping and the LM curve is upward sloping. According to the Keynesian-cross analysis, if the marginal propensity to consume is 0.8, and government expenditures and autonomou..
Compute the monthly payment and explain whether taking this loan is a smart business decision.
Which of the following might most closely represent a monopolist? In a monopolistic labor market, the marginal-factor-cost curve is
Suppose we refused to sell goods to any country that reduced or halted its exports to us. Who would benefit and who would lose from such retaliation. What could you suggest alternative ways to ensure import supplies.
What are examples of a perfectly/purely competitive firms that you have recently purchased a product from in the last couple of months? Explain how you relate your answer to the market characteristics.
Explain the differences between management skills and entrepreneurship. Discuss how each factor contributes to the economic success of a business
Consider two maple syrup producers that engage in Cournot competition. Inverse demand for maple syrup is given by P(Q) = 16 − Q and the marginal cost of each producer is 4. The two producers compete with each other each period by choosing an amount o..
Long-run aggregate supply has this characteristic because
An individual is borrowing 100000 at 8% interest compounded annually the loan is to be paid in equal annual payments over 30 years. if the lender is still charging 8% per year, compounded annually, on the unpaid balance of the loan what is the balanc..
Estimate the number of newborns who weighed between 1492 grams and 4976 grams. Write only a number as your answer. Round your answer to the nearest whole number
q. the demand and supply curves for t-shirts in touristtown u.s.a. are given by the following equations 3 pointsq24000-
Assume you are the manager of a medium-sized industry which operates in an industry which has a four-industry concentration ratio
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