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A poll conducted by the Associated Press-Ipsos on public attitudes found that most Americans are convinced that political corruption is a major problem (San Luis Obispo Tribune, December 9, 2005). In the poll, 1002 adults were surveyed. Two of the questions and the summarized responses to these questions follow:
How widespread do you think corruption is in public service in America?
a. Construct a stem-and-leaf display for these data using the thousands digit as the stem. Comment on the various features of the display.
b. Construct a histogram using class boundaries of 0 to,1000, 1000 to ,2000, and so on. How would you describe the shape of the histogram?
c. What proportion of subdivisions has total length less than 2000? between 2000 and 4000?
When you buy a set of speakers, Best Buy asks if you would like to purchase insurance for your speakers. Assume that paying for new speakers for customers who listen to music at a reasonable level (thus minimizing damage) costs, on average, $150, ..
Compare and contrast direct finance and indirect finance.
Evaluate how well the design of the First IB web site meets the needs of a potential small business customer. Discuss the elements of the site that work particularly well in meeting the needs of this type of site visitor.
Suppose it is possible to gain information about the cost so that you will know exactly what the cost will be ($80,000 or $120,000) before submitting a bid. Use a decision tree to find the value of this information.
A monopoly produces widgets at a marginal cost of $8 per unit and zero fixed costs. It faces an inverse demand function given by P = 38 ? Q. Suppose fixed costs rise to $200. What will happen in the market?
Which of the following utility functions are consistent with convex indifference curves and which are not?
Find the comparative statics for an increase in the sales tax, namely y^s/s and p^s/s , and provide an economic interpretation of them. What is the economic interpretation of an increase in the parameter a? You might want to plot the demand functi..
Compare the common perception of how a tax rate cut affects tax revenues with economist Laffer's theory.
a profit-maximizing monopoly faces an inverse demand function described by the equation py 50 - y and its total costs
Economic profits are:
If they decide to go in the direction of challenging the moral climate, is that a form of "cultural imperialism"?
Define what a process is from an operations perspective. Also, please differentiate a value creation process, a support process, and a general management process. Include "real world" examples.
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