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Please explain the methodology for your answers and not just answer the question.
1) Suppose that this firm operates in a perfectly competitive market. If the market price in this perfectly competitive market is $11 how much output would the firm choose to produce? How much profit/loss would they earn?
2) From the firm's cost curves, what is the shutdown point for this firm? In other words, below what price would the perfectly competitive firm choose to shutdown?
with three discrete variables 50 states urban and rural and two continuous variables average time 5 types of
The response time for Denver police to respond to emergency calls is 8.4 minutes with a standard deviation 1.7 find the probability that the response time for a call between 5 and 10 minutes.
Start rolling dice until a particular number, say 3, is obtained, and keep track of how many rolls are necessary. Repeat 100 times. Then find the average.
Each student in an experiment was told to look at 100 cars and count the number of people wearing the seat belts. The mean score for the class was found to be 44, and standard deviation =7
A bond analyst is analyzing the interest rates for equivalent municipal bonds issued by two different states.
The mean of the population was computed to be 126.9 grams and the standard deviation was 1.20 grams. Which food results in a more uniform weight?
Based on information obtained from a sample of 54, a 98% confidence interval for the average profit level of regional banks is given by 67.4 million to 87.78 million. Determine the sample standard deviation of profit
a laptop manufacturer finds that the average time it takes an employee to load a laptop with software is 40 minutes
Evolutionary theories often, Emphasize that humans have adapted to their physical environment. One such theory hypothesis that:
Recall that the trash bag manufacturer has concluded that its new 30 gallon bag will be the strongest such bag on the market if its mean breaking strength is at least 50 pounds.
The following table shows the number of miles driven in each trial.
question a sample of 65 observations is selected from one population with a population standard deviation of 0.75.
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