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As an advertising campaign, a chocolate factory places golden tickets in some of its candy bars, with the promise that a golden ticket is worth a trip through the chocolate factory, and all the chocolate you can eat for life. If the probability of finding a golden ticket is p, find the mean and the variance of the number of candy bars you need to eat to find a ticket.
Delete these two observations and construct a 95% confidence interval for the mean increase, using the remaining 26 observations. Do the outliers have much of an effect on the confidence interval?
How does the availability of substitutes affect the price elasticity of demand
If a Durbin Watson statistic takes a value close to zero, what will be the value of the first order autocorrelation coefficient
An economy is currently made up of a firm that produces bread, a firm that produces butter, and a consumer who consumes both bread and butter. Current production is 100 units of bread, 50 units of butter which the consumed by the consumer.
Calculate your total tax liability under the 2013 federal income tax structure, assuming your income is $75,000. Assume you are single and using the personal exemption of $3,900 and the standard deduction of $6,100. Calculate your effectiv..
Examine different segments of the population
Calculate the profit-maximizing point: MR - MC = 0. Explain your answer and calculate the revenue-maximizing level of output.
Compute the equivalent annual inflation rate, based on the US Consumer Price Index, for the period 1981 (when CPI was 90.9) to 1986 (when CPI was 109.6) estimate the Consumer Price Index in 1996, working from the 1987 CPI.
Is demand elastic or inelastic in this price range?
The real exchange rate falls to 3 barrels of oil per camera. Although the decline in the real exchange rate makes oil more expensive in terms of cameras, in the short run there is relatively little change in the quantities of exports and imports, ..
With a Roth IRA, you do not get a deduction for your savings but the interest you earn is tax free. Is the outcome for a Roth IRA the same as for the traditional IRA if you invest $1,000 for seven years and double your initial investment?
in an examination of purchasing patterns of shoppers a sample of 16 shoppers revealed that they spent on average 54 per
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