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In a sample of 1000 US adults, 186 dine out more than once per week. Two US adults are selected at random from the population of all US adults without replacement. Assuming the sample is representative of all US adults complete parts a through d
a. Find the probabiity that both adults dine out more than once per week. Round to 3 places
b. Find the probability that neither adult dines out more than once per week. Round to 3 places
c. Find the probability that at least one of the two adults dines out more than once per week. round to 3.
Which of the events can be considered unusual?
continue to produce the level of output at which marginal revenue equals marginal cost. increase output to minimize its losses. reduce output to the level at which price equals average variable cost to minimize its losses. shut down to minimize it..
Calculate the effect on the Canadian dollar of a decline in Canadian interest rates to 3% assuming that interest parity holds and Derive expressions for the IS and LM curves in this economy, in each case with the world real interest (rw) on the left..
(1a.) Considering all prices, plot the market transactions for widgets.( b.) What is the price elasticity of demand for widgets when the price goes up from $20 to
How does a credit crunch affect consumer spending and business investment? How does a credit crunch affect aggregate demand, GDP, and unemployment?
There are several ways that mutual funds can generate returns for investors. Compare and evaluate these different types of income and evaluate their tax effect.
In a perfectly competitive market suppose that a competitive firm's marginal cost of producing output q is given by MC(q)=3+2q. Assume that the market price of the product is $9:
Define what is a market structure with only a handful of competitors selling products that are either similar or different. Barriers to entry are typically high.
What monetary policies do you think caused the crisis - What were the effects of the policies implemented in reaction to the crisis?
Evaluate the range of marginal revenues
Discuss whether it is it possible for the output of a computer program to be correct even if an error has occurred at some point in the program run, and if it is, why?
Which two of the text's possible explanations for increasing wage and salary inequality seem least consistent with the following fact The distribution of earnings has become more unequal within industries (Both goods and service industries) and wi..
Obtain annual data for a series of economic indicators from the ABS National accounts database. The economic indicators you are required to research are annual growth rate for GDP
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