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You conducted a Crystal Ball simulation with project completion times, as shown below:
a. Your company bid this contract with the promise to complete the job within 185 days. What is the probability of completing this project in that time frame? (Show your work.)
b. Develop a chart that would be of interest using the information provided.
c. Explain your chart in simple terms.
A movie theater has estimated that the demand for a movie ticket can be written as P1 = 10 - Q1 for senior citizens and P2 = 12 - Q2 for the rest of the customers. The marginal cost of a movie ticket is $1. If the movie theater practices third-deg..
Joe sells vacuums. Given the demand for vacuums at P= 15 - .001Q. Joe faces constant cost of $3 per vacuum and $5,000 fixed cost. What is the dead weight loss given profit maximized out put is 6,000 units and rpice 9$
For a p+-n silicon junction, Na= 1 × 1017 cm-3 in the p-side and Nd= 1 × 1015 cm-3 in the n-side. Determine the depletion capacitance per unit area of cm2 at -4V.
Using the following utility schedule, derive a demand curve for pizza assme income is $10, the price of each slice of pizza is $1, and the price of each glass of beer is $2. Then change the price of pizza to $2 per slice.
use the following equations for demand and supply to solve for market equilibrium price and quantitydemand qd 100 -
The firm's production manager claims that the firm's average cost of production is minimized at an output of 40 units. Furthermore, she claims that 40 units is the firm's profit-maximizing level of output. Explain whether these claims are correct.
Results and Robustness Check- What are your preliminary results from initial runs in the statistical software? What is their relationship with the original hypotheses and research questions
Suppose that demand for cartel's oil is given by P=50-.1Q where P is the price per barrel and Q is the quantity produced in barrels. If the cartel's aggregate marginal cost is given by MC= 10+0.2Q what is the cartel's profit maximizing price of oi..
At a particular academically challenging high school, the average GPA of a high school senior is known to be normally distributed with a variance of 0.25. A sample of 20 seniors is taken and their average GPA is found to be 2.71
Do you think these phenomena are related? Could higher wages and better job opportunities lead to a more capital-intensive way of performing household chores? Explain.
What is the short-run marginal cost curve b) What is the equation for average variable cost c) What is the minimum level of average variable cost d) What is the firm's short-run supply curve
the utility function (x1,x2)= (x1+1)(x2+4). The price of x2 is $1. Lee spends all his income to buy 6 units of x2 and no x1. What is the minimum level of the price of x1 compatible with these facts
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