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Question: Describe pricing strategies that permit firms to extract additional surplus from consumers- including price discrimination, two- part pricing, block pricing, and commodity bundling- and explain the conditions needed for each of these strategies to yield higher profits than standard pricing.
In a bumper test, three types of autos were deliberately crashed into a barrier at 5 mph, and the resulting damage (in dollars) was estimated.
Let P be the transition matrix of an ergodic Markov chain. Let x be any column vector such that Px = x. Let M be the maximum value of the components of x. Assume thatxi = M . Show that if pij > 0 then xj = M . Use this to prove that x must ..
Use this information to make a 95% confidence interval to evaluate true average number of copies made each day at this company.
In the United States, sudden infant death syndrome (SIDS) is one of the leading causes of postneonatal deaths (those occurring between the ages of 28 days and 1 year).
If a sample of 10 Americans over the age of 55 is selected at random, find the probability that at most 2 have eaten pizza for breakfast. Use the binomial formula.
Determine the completion time and standard deviation (σ) for project roundoff the standard deviation to the nearest hundredth: two decimal places.
The mean score on a math test at milby high school was 50. the standard deviation was 10. If the same test was administered to the entire school district of 8th grade students, find the probability that the mean of the population(district) will be be..
Testing for a linear correlation. Construct a scatter plot, find the value of the linear correlation coefficient r, and find the critical values of r from the table below using a=0.05.
Create a 90% confidence interval for mean score on this placement exam for all students.
You are an HR consultant with your own consulting firm. Two clients came to see you with different work related problem. Advice the clients regarding their rights in the given situation based on the provisions of Employment Act 1955.
In multiple regression, the relative size of the coefficients is not important. For example, your company may have a nationwide hiring program that focuses on hiring employees who have graduated from college in the past 3 years, and let's say you ..
How much net revenue does the state expect, on average from each ticket? What is the risk preference of people who play this lottery?
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