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In a large hat you have three blue, four red, and five purple marbles. You pick three marvles from this hat, without replacement.
a) What is the probability of getting two reds and one blue, in that order?
b) What is the probability of getting two reds and one blue in any order?
c) What is the probability of getting three reds, given that the first marble is red?
d) What is the probability of getting three primary colors (blue or red) given that the first marble is blue?
e) What is the probability of getting at least one red marble?
In Milky Way Galaxy, a class of 2,000 students took a course in Astronomy. The 1st exam scores and final exam percentage reached earth, but transmission broke off after only a dozen students' scores were received.
In a country, output is produced with labor and physical capital. The production function in per-worker terms is y=k^1/2. The depreciation rate is 2%. The investment rate (&) is determined as follows: &=0.2 if y
Groupon is a popular group purchasing and daily deals website. In a current promotion, a local restaurant to sold buffet vouchers at a step discount on Groupon's website.
Suppose you have been employed as an economic analyst, your job is to use the Regression Model to estimate potential sales of your employer's product.
Determine unemployment in the cattle Industry. Explain a current status of unemployment in the Cattle Industry.
Advertising can inform purchaser, but sellers must incur expenses to advertise. If so, advertising can result in higher prices to customers.
Using the following equation for the demand for a good or service, calculate the price elasticity of demand,cross price elasticity with good x, and income elasticityt. Q= 8 - 2p + 0.10I + Px, Where Q is quantity demanded, p is the price, I is inco..
Acme Water is a privately owned firm that is sole supplier of water to a rural town in Pennsylvania. The owner of company has provided the manager of firm an incentive to maximize company's profits,
A tax is placed on x so that x now costs Max $2 while his income and the price of y stay the same. How much of good x does he now demand? Would Max be as well off as he was before the tax if when the tax was imposed, his income rose by an amount eq..
Calculate the elasticity of demand for burrito meals with respect to the price of burritos, the price of tacos, and per capita income.
When disparities exist from census information, housing starts data and other research data when seeking for information to help with predicting the power tool market
Let X = the monthly tons of dirt moved and assume that it does not change with time. Draw the cash flow diagram for this project as a function of X. Assume that "up" arrows are savings or revenue and down arrows are expenses. If you cannot do part..
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