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Define externalities in consumption and production of goods and services. Why do they occur? What are examples of externalities in the health field? Explain why the presence of externalities will, in the absence of some collective action, lead to a sub-optimal rate of output. What type of collective action is called for?
A sample of 3000 observations has a mean of 85 and a standard deviation of 10. The distribution is bell-shaped. Using the empirical rule, find what percentage of the observations fall in the intervals
What do these results say about testing with group data? Include in your answer the URLs of the sites where you found the necessary data.
The products are acceptable and that 30% are defective. If five of the products are randomly selected, find the probability that all five are defective?
Assuming the manufacturer's claim is true, what is the probability the consumer group's sample has a mean life of 52 or fewer months?
Assuming that the calls are Poisson-distributed, calculate the probability that the consultant receives at least 2 calls during any 30 minute period.
I am conducting research on microscopic toolmark analysis. If I have a toolmark with 27 striations (lines) of varying spatial relationships (orientations),
You are a business executive sponsoring an IT project that will develop a custom-built business application to take product orders over the Internet. You need to get this solution to market fast (in a few months).
At the 5% significance level, can the researcher reject the hypothesis that the mean reading scores of all children in the three school systems is the same ? Formulate and test the appropriate hypotheses. Use the critical value approach.
When the level of confidence and the sample size remain the same, a confidence interval for a population mean µ will be wider, when the sample standard deviation s is small than when s is large.
In addition, the gender of the respondent is noted. After analyzing the results the following table of joint probabilities was produced: Find the probability that a customer who rates Windsor as excellent is a man. 0.45
Why is "rounding-down" the LP solution the suboptimal way to solve Integer programming problems? Can you describe why?
A 95% confidence interval for the average difference between the two reaction times (traditional - LED) was (-171.37, 174.44). Which of the following is the appropriate conclusion?
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