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Let X denote the reaction time, in seconds, to a certain stimulus and Y denote the temperature (F) at which a certain reaction starts to take place. Suppose that the two random variables X and Y have a joint density function
f(x,y)= y, 0 <= x <= 2 and 0 <=y<=1
0, otherwise
Find:
a) P(X^2 + Y^2 <=1)
b) P(X<= squt(Y))
A multiplicative demand function form: Qd= a*P^b1*Y^b2*Po^b3 is determine using cross sectional data and 224 observations. The regression results were given below:
You have given the following data about the amount your firm can manufacture per day given the number of workers it hires.
Many people advocate taxing "the rich" to alleviate the debt problem but the truth is that taxes will have to be increased on all income earners. What macroeconomic impacts would you expect to see if taxes are raised "across the board"?
Period company return market index return, Determine the company and the market index and show the calculations.
A customer has provided information on the value of cars, the price of gasoline, the quantity of new cars sold in United States. Gross Domestic Product per capita is also observed.
Suppose you have some information on a sample of investment bankers, and are interested in impacts of height and of seniority on their success.
A firm operating a chain of drug stores consider to open a new store in one of locations. The management of firm figures that at the 1st location the store will show an yearly profit of $20,000 if it is successful and an yearly loss of $2,000 if it i..
A firm produces a product with a fully allocated average cost equal to $20. If the price elasticity of demand for the product is -5,what should the product price be set at
Identify whether the variables in your model suffer from non-stationarity. Discuss the possible implication of non-stationarity for your model and how this problem could be addressed.
Gold Trackers watching the value of precious metals and has daily information on prices and sales of gold for the last many years.
What is the sample standard deviation of weights and calculate the change in weight
Explain how the Federal Reserve policy makers effect interest rates. Describe the difference between expansionary and contractionary rules.
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