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Bags of a certain brand of tortilla chips claim to have a net weight of 14oz. Net weights actually vary slightly from bag to bag and are normally distributed with mean u. A representative of a consumer advocate group wishes to see if there is any evidence that the mean net weight is less than advertised and so intends to test the hyportheses
Ho: u=14, Ha: u<14
using a 5% significane level. To do this, he selects 16 bags of this brand at random, determines the net weight of each, and computes the mean of these 16 weights with the sample standard deviation, s= 0.25. ( Assuming the standard deviation for the distribution of actual net weights for bags of this brand is equal to s= 0.25) the power of our test when u= 13.8 oz. is approximately:
a) 0.975
b) 0.93
c) 0.2119
d) 0.0007
Treasury funds national debt by a mix of T-bills, T-notes, and T-bonds with maturities of 10-30 years. During President Clinton's administration Treasury proposed that by issuing more T-bills
when a cold snap hits florida, the price of orange juice rises in the supermarkets throughout the country. Illustrate the supply and demand table for this scenario.
Elucidate why is presidential power "conditional"-that is, why it affected so substantially by circumstance, the makeup of Congress, and popular support.
Elucidate this linkage in words also after that illustrate with a Cumulative Demand - Cumulative Supply diagram.
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity.
If the price-taking firm was earning zero economic profits before the dynamic efficiency, will the level of profits change after? If so, show the extent of the change.
The Midterm Exam is open book, open notes. The maximum time that you can spend in the exam is three hours. If you have not clicked the Submit For Grade button by then, you will be automatically exited from the exam. In the exam environment
Utilizing the preceding write equations for total cost, average cost, and average variable cost.
Calculate the trade balance among the U.S. also China for the period. Analysis by using appropriate examples.
Using an Edge worth Box, graph the initial allocation and draw the indifference curve for each consumer that runs through the initial allocation.
Describe, using complete sentences, at least three specific features which your ideal bank would provide to you.
An average worker in Brazil can produce an ounce of soybeans in 20minutes and an ounce of coffee in 60 minutes, while an average worker in Per can produce an ounce of soybeans in 50 minutes and anounce of coffee in 75 minutes.
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