Conclude that college students watch fewer dvds

Assignment Help Macroeconomics
Reference no: EM13189591

A recent national survey found that high school students watched an average (mean) of 7.2 DVDs per month with a population standard deviation of .90. A random sample of 35 college students revealed that the mean number of DVDs watched last month was 6.20. At the .05 significance level, can we conclude that college students watch fewer DVDs a month than high school students? State the decision rule?

Reference no: EM13189591

Questions Cloud

Evaluate the integral using the trapezoidal rule : Evaluate the integral using a) the trapezoidal rule with four panels, b) Simpson's rule with four panels
What is the size of the labor force : Assume the following data for a country: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150; unemployed, 23; part-time workers looking for full-time jobs, 10. What is the size of the labor fo..
Write mathematical expressions and equations : Use Equation Editor to write mathematical expressions and equations when completing Appendix E.
How should it vary the original output and price : Modifying a product to increase its "value added" benefits customers and can enhance supplier profits. For example, suppose an improved version of a product increases customer value added by $25 per unit. (In effect, the demand curve undergoes a p..
Conclude that college students watch fewer dvds : A recent national survey found that high school students watched an average (mean) of 7.2 DVDs per month with a population standard deviation of .90. A random sample of 35 college students revealed that the mean number of DVDs watched last month w..
Determine best level of output and price for hair styling : In Bayonne, New Jersey, there is a large beauty salon and a number of smaller ones. The total demand function for hair styling per day is Q = 180 - 10P, where P is in dollars. The marginal cost function of all the small salons together is SMCF = 4..
What is the slope of her budget line for banana : Susan consumes apples and bananas. Her utility function is given by U(A,B) = AB where A is the quantity of apples and B is the quantity of bananas. Sarah is maximizing her utility by consuming 5 apples and 10 bananas. With the number of apples on ..
Eulers theorem problem : Any cipher system that needs to avoid encrypting certain messages should be avoided like the plague - what do you have to say for yoursel
Discussion board is part of the core of online learning : The Discussion Board (DB) is part of the core of online learning. Classroom discussion in an online environment requires the active participation of students and the instructor to create robust interaction and dialogue

Reviews

Write a Review

Macroeconomics Questions & Answers

  Determine the equilibrium level of output in the market

Consider a Bertrand oligopoly consisting of four firms that produce an identical product at a marginal cost of $260. The inverse market demand for this product is P = 800 - 4Q. a. Determine the equilibrium level of output in the market. b. Determin..

  Assume you are an aid to a government official deciding

Assume you are an aid to a government official deciding on some recently proposed excise tax on the welfare of her constituents.

  The real or the nominal interest rate

Which interest rate represents the opportunity cost of holding money - the real or the nominal interest rate? Explain and argue intuitively why the nominal interest rate (eg, the yield on a riskless bond) cannot fall below zero.

  Compute the premerger herfindahl-hirschman index

Compute the premerger Herfindahl-Hirschman index (HHI) for this market. Suppose that any two of these firms merge. What is the postmerger HHI.

  Illustrate what is the estimated size of the union salary

Illustrate what is the estimated size of the union salary advantage. How might this advantage diminish the efficiency with which labor resources are allocated.

  Discuss the ability to develop innovative products

Determine which best supports reason for why the use of teams by Anacorp Corporation is considered critical to its ability to develop and commercialize innovative products?

  Suitable market strategies that need to be adopted

This product, called Red Hat Linux, is a potential replacement for UNIX and other well-known operating systems. If you were in charge of pricing at Red Hat, what strategy would you pursue? Explain.

  Impact of ban on credit cards on money supply

Credit cards are sometimes discussed as a public problem. In 2001, purchases on credit cards accounted for 21% of consumer spending in America, which has the lowest savings rate of any big country.

  Elucidate the mechanisms through which improvements

Elucidate the mechanisms through which improvements in population health can lead to improvements in income levels.

  Illustrate what were some of the major contributing factors

Illustrate what were some of the major contributing factors and how did they combine to cause the recession. How were you affected by it.

  Compute the insurance amount against losses

Suppose a risk-averse consumer has an initial wealth of $5,000 and a utility function U(M) √M..  He faces an 80 percent chance of losing $4000, and a 20 percent chance of losing $0.

  Discuss the methods traders use in attempting to evade

Briefly discuss the methods traders use in attempting to evade the difficulties they face in markets that involve "Lemons".

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