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Faculty Classroom Hours. The dean of a university estimates that the mean number of classroom hours per week for full-time faculty is 11.0. As a member of the student council, you want to test this claim. A random sample of the number of classroom hours for eight full-time faculty for one week is listed below. At alpha = 0.01, can you reject the dean's claim?
11.8 8.6 12.6 7.9 6.4 10.4 13.6 9.1
Show your hand calculations OR explain how you used Excel to solve.
What is the percent value of the bond in the absence of inflation if the market interest rate is 8%? (b) What would happen to the value of the bond if the inflation rate over the next five years is expected to be 3%?
Change is a constant factor in both in our personal and work lives. There seems to be resistance to change whether the change will be good or bad. Why do people resist change?
Explain how the aggregate supply and Phillips curves are related to each other. Can any information be derived from one that cannot be derived from the other? How do short- and long-term Phillips curves differ? (Hint: In the long run, we return to a ..
If demand for medical care is perfectly inelastic, hospitals and physicians are able to charge any price (up to some maximum) without losing any patients. Explain your answer using the model in Dranove & Satterthwaite (1992, 2000).
Demand pull inflation
Fiberia Accessories, a clothing retailer, is planning to introduce a new line of sweaters as part of the winter collection for $65 with an inventory of 1500. The main selling season is 60 days between November and December. Calculate the daily sales ..
Is the budget deficit of a country linked to its current account balance? If so, how so? If not, why not? Explain how it is possible for the United States’ current account deficit to grow while the budget deficit has disappeared. What can you say abo..
If an athlete presents to a clinic with persistent joint pain from a recent injury should they automatically have an MRI on that joint or go through X-rays and physical therapy and/or at home care first? Should they have both X-rays and a MRI comp..
You mention to a colleague at work that you are taking economics this quarter. After he/she tells you they are really sorry for you misery, they start saying that the economy has never recovered from the Great Recession.
Which add product will give client the option to add new product to the inventory list and remove product will allow the client to remove products currently.
How much oil conservation (from switching to smaller cars, carpooling, etc.) will a $0.50 per gallon tax on gasoline achieve? Are taxes on wealthy citizens of the United States too high?
Why do consumers want to save more in the weak economy? What influences our consumption? Should governments be made by law to balance their budgets, or should they be permitted to run deficits sometimes? Should you go into debt sometimes? Explain?
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