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The table below shows a sample of waiting times? (in days) for a heart transplant for two age groups. At (alpha) α =? 0.05, can you conclude that the variances of the waiting times differ between the two age? groups?
18-34 35-49
156, 172, 169, 168, 165. 215, 192, 208, 205, 199, 213, 199.
?(a) Determine the hypotheses. Let σ2/1 be the variance for the? 18-34 group and let σ2/2 be the variance for the? 35-49 group.
(b) Determine the critical value. Calculate the degrees of freedom.
(c) Compute the F test statistic.
(d) Reach a decision.
The short-run production function of a profit maximizer firm is given by f(L) = 6L^(2/3) , where L is the amount of labor it uses. The cost per unit of labor is w = 6 and the price per unit of output is p = 3. How many units of labor will the firm h..
An unusually cold January in Florida destroyed entire fields of tomatoes. Florida’s growers are shipping only a quarter of their usual 5 million pounds a week. The price has risen from $6.50 for a 25-pound box a year ago to $30 now. - Source: USA Tod..
1. What is true of the poor's borrowing and lending activity?
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A firm can manufacture a product according to the production function:
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Use 2 supply and demand diagrams, one for the product market and the other for the labor market, to show how increase trade with other countries has decreased the ability of unions to raise wages for their members.
Assume that in the absence of taxes, the price of x is $2. Compare an ad valorem tax of 10 percent (on p^s), to a per unit tax of 20 cents with respect to (i.e. specify whether it results in bigger, smaller, or equal values of the following):
The equilibrium quantity increase or decrease depends on Demand
Illustrate how much consumer surplus does he receive. What is the highest price you can charge for the "all you can eat" special and still attract customers.
You have a bureau crew of four other employees who have had little involvement in the handling of records and you plan to change that.
A competitive, unregulated market would. Utility is the. Externalities
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