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Consider the following sample of nine wait times measured in seconds at a drive through coffee shop. The population mean and standard deviation are 100 and 20 respectively.
125 95 66 116 99 91 102 51 110
a. What is the size of the sampling error in this case?
b. What is the probability that the average wait time would be less than 80 seconds?
c. What is the probability that the average wait time would be more than 109 seconds?
d. What is the probability that the avrg wait time would be btwn 90 and 95 seconds?
e. What is the probability that a customer waits more than 65 seconds?
f. Calculate the sample st deviation.
a) What is the price elasticity of demand for HP printers b) What is the cross-price elasticity with respect to commodity X Give an example of what commodity X might be. c) What is the cross-price elasticity with respect to commodity Z
An L treatment costs the physician 100 in cash, an H treatment costs the physician 200 in cash. A physician's utility from consumption x is log(x). an L treatment leads to a good outcome with probability 0.4. An H treatment leads to a good outcome..
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