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Sixteen cars are ?rst driven with a standard fuel and then with Petrocoal, a gasolin with a methanol additive. The results of the nitrous oxide emissions (NOx) test are as follows:
Type of fuel Average NOx Standard deviation of NOxStandard 1:075 0:5796Petrocoal 1:159 0:6134Source: Micheal O. Finkelstein and Bruce Levin, Statistics for Lawyers,Spring-Verlag, New York, 1990, p.230.
a. How would you test the hypothesis that the two population means are the same?
Find the 90% confidence interval for the compensation of a year when the productivity is 85 and interpret the C.I.
Explicate the difference between balanced growth strategy and unbalanced growth strategy.
Illustrate what is the minimum price necessary for this firm to produce any output in the short run.
Assume you just finished your third plateful of Thanks giving dinner also it yielded zero units of additional satisfaction.
Illustrate what fraction of the total variation in trades of Bright Side remains unexplained.
Illustrate what are your views on free trade versus protecting domestic marketplaces through tariffs also import restrictions.
Assume Doughnuts R Us chooses to produce 150 doughnuts. What is the number of doughnut shops in the market.
What happens to each of these values if the central bank changes the reserve requirement ratio to 3%.
Pretentious that yields for each stock are around generally distributed, with which investment strategy do you have the smallest chance of losing money?
Elucidate what type of returns to scale does this technology represent.
Assume some pencil workers switch to jobs in the growing computer industry
Illustrate what happens to the equilibrium price and quantity in each market. Which product experiences a larger change in price.
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