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The mean February 1 daily high temperature in Juneau, Alaska, between 1945 and 2005 was 1.1 °C with a standard deviation of 1.9 °C.
(a) Based on this information, do you think it is reasonable to believe that the February 1 daily high temperatures in Juneau, Alaska, follow a normal distribution? Explain.
(b) Does this information provide compelling evidence that the February 1 daily high temperatures in Juneau, Alaska, follow a normal distribution? Explain.
at a recent meeting the president and the ceo of production inc. got into a heated argument about whether or not to
Identify some of the costs (pecuniary and no pecuniary) associated with the antitrust behaviour (firms having power in the market)
Explain how a seller can determine whether the demand for his or her good is inelastic, elastic, or unit elastic between two prices?
suppose that you are the chief economic advisor to the president of the united states. you are asked to propose a
True&False: If George types 50 words per minute and Mary types 120, then it certainly makes more sense for Mary to be employed as a secretary than for George to be.
The processing and transmission of digitized HR information
Now suppose that a scientific study find that tap water is toxic, and everyone should drink only bottled water. Illustrate the impact of this study on the market and each firm. Use graphs to illustrate your answer.
when output and employment slowed in early 2008 the bush administration and the democratic congress passed a
If you buy a new car the entire purchase is counted as consumption in the year in which you make the transaction. Explain briefly why this is in some sense an 'error' in national income accounting.
A key year for them is 2015, when Southeast Asia's Open Sky Agreement comes into effect, allowing unlimited flights to all 10 ASEAN members: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam.
Presume a country can produce a maximum of 5,000 jumbo airliners or 1,000 aircraft carriers. What is the opportunity cost of an aircraft carrier? What is the implied price of the carrier in trade?
Suppose the U.S. and Mexico both produce 2 goods, tablets and cereal, using 2 inputs, capital (K) and labor (L). The production of tablets is capital-intensive, and that of cereal is labor-intensive. The U.S. is a capital-abundant country, and Mexico..
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