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The answer to One sample tests of hypothesis
Traditionally, two percent of the citizens of the United States live in a foreign country because they are disenchanted with U.S. politices or social attitudes. In order to test if this prportion has increased since the September 11, 2001, terror attacks, U.S. consulates contacted a random sample of 400 of these expatriates. The sample yield 12 people who report they are living overseas because of political or social attitudes. Can you conclude this data shows the proportion of politically motivated expatriates has increased Use the 0.05 significance level.
US cigarette makers face enormous punitive damage penalties after losing a series of class action lawsuits-What action do you suppose the cigarette companies took to avoid bankruptcy?
Is the company charging the optimal price for the product. Demonstrate how you know.
Assume the government imposes a tax of $2.00 per unit to reduce widget consumption and raise government revenues. What will the equilibrium quantity be?
Explain how did Lucas contribute to the development of the Keynesian economics. What was his concern with economic growth and development.
Illustrate what is the estimated size of the union salary advantage. How might this advantage diminish the efficiency with which labor resources are allocated.
Indicate whether each of the following statements is true or false and explain why.
Calculate the appreciation or depreciation of the US dollar relative to the Japanese yen.
You are planning a short-run production function for your firm, and you have collected the following data on labour usage and output: Calculate estimates of total. Average, and marginal products when the firm employs 23 workers
Which of these would cause the demand curve for bison (American buffalo)
What is the maximum amount of good Y that can be purchased if X and Y are the only two goods available for purchase and P x = $5, P y = $10, X = 20, and M = 500?
Explain how do high inflation rates affect the exchange rate of a country in the short and the long run.
Explain why is it that a firm in a perfectly competitive market can sell as much as it wants without a change in price occurring? As a result, what is the elasticity of demand affecting the firm then.
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