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A regional commuter airline selected a random sample of 25 flights and found that the correlation between the number of passengers and the total weight, in pounds, of luggage stored in the luggage compartment is 0.94. Using the .05 significance level, can we conclude that there is a positive association between the two variables?
A suburban hotel derives its gross income from its hotel and restaurant operations. The owners are interested in the relationship between the number of rooms occupied on a nightly basis and the revenue per day in the restaurant. Below is a sample of 25 days (Monday through Thursday) from last year showing the restaurant income and number of rooms occupied.DayUse a statistical software package to answer the following questions.
a. Does the breakfast revenue seem to increase as the number of occupied rooms increases? Draw a scatter diagram to support your conclusion.
b. Determine the coefficient of correlation between the two variables. Interpret the value.
c. Is it reasonable to conclude that there is a positive relationship between revenue and occupied rooms? Use the .10 significance level.
d. What percent of the variation in revenue in the restaurant is accounted for by the number of rooms occupied.
Elucidate how the presence of imperfect information also asymmetric information provides theoretical reasons for financial intermediaries to exist.
Elucidate the entities affected by industrial regulation in terms of market structure. Explain why industrial regulation affects those entities you identified.
Elucidate how do the ratios Px*X/I also Py*Y/I change as income increases in this problem.
Illustrate the entry barriers exist in the fast food industry. Compute the labor participation rate: total population, 500; population under 16 years of age or institutionalized, 120; not in labor force, 150.
Illustrate what were the major factors that have affected US household consumption While the recession in 2001
The 2 firms form a cartel & arrange to split total industry profits equally. Under this cartel arrangement, they will maximize joint profits.
Based on some economists' definition of the relevant market, the two firms proposing to merge enjoyed a combined market share of about two-thirds, while another firm essentially controlled the remaining share of the market.
Find the SPNE of this game. Is there an outcome of the game that both parties prefer to any SPNE? Also find a NE for which the outcome differs from any SPNE outcome.
Describe each country's reaction function. Does a Cournot equilibrium exist? If so, find the outputs and prices of crude oil in the two countries.
Explain how many will be hired Daily Demand for Workers in a Purely Competitive Labor also Product Markets.
Compute the year-to-year growth rates of real GDP. Can you identify the recession that occurred during this period?
If the number of labor hours increases by 10% and the number of hours of capital used decreases by 10%, what is the percentage change in output.
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