Hypothesis test

Assignment Help Microeconomics
Reference no: EM1374988

Traditionally, two% of the citizens of US live in a foreign nation because they are disenchanted with United States politices or social attitudes. In order to test if this prportion has raised since the September 11, 2001, terror attacks, United States. consulates contacted a random sample of 400 of these expatriates. The sample yield 12 people who report they are living overseas because of political or social attitudes. Can you conclude this data demonstrate the proportion of politically motivated expatriates has increased Use the 0.05 significance level.

Reference no: EM1374988

Questions Cloud

Importance of leadership in bringing about necessary changes : Assess importance of leadership in bringing about the necessary changes at Porsche. Describe answer with examples.
Objective costs and valid techniques based analysis : When economists with different political views do cost or profit comparisons, they often reach different decisions. If their analysis is based on objective costs and valid techniques, why would not they reach similar decisions,
Construct a legal tree of gates : Construct a legal tree of gates which minimizes the total cost of the tree subject to the constraint that the arrival time at the output is no greater than tmax. Use dynamic programming to solve this
International trade between countries : One of major political developments of last many decades is the increasing size and economic or monetary integration of the European Union. Determine what effect do you think this will have on international trade between nations?
Hypothesis test : Traditionally, two% of the citizens of US live in a foreign nation because they are disenchanted with United States politices or social attitudes. In order to test if this prportion has raised since the September 11, 2001, terror attacks, United Stat..
Questions about economic policy : A lawyer who drives a beat-up car and wears frumpy dresses may have a hard time getting customers. Potential clients may conclude from his appearance that he is poor, and if he is poor, he probably is not very good.
Common macroeconomic indicators : Economic indicators are economic statistics that tell us how well the economy is doing. The GDP, unemployment value, and inflation vale are the most common macroeconomic indicators.
Explain terminologies of economics : Several eminent economists have defined this subject in accordance with their different understanding or realization of economic problems.
Identify economic concepts - comparative advantage : Choose a United States firm with global operations.  Discuss the company's activities outside the United States

Reviews

Write a Review

Microeconomics Questions & Answers

  University pricing strategy

What market structure best characterizes the market in which universities compete? How does this structure influence the university's pricing strategy?

  Computing expected profit of new system

The Apollo Products Company currently collects all of its customer payments in Detroit. By going to a new lock box system with boxes in Los Angeles, Boston, and Atlanta, Apollo Products can reduce the total time it takes to convert customer paymen..

  Identify consumer surplus and producer surplus

Suppose that the American imports of wine are a small part of total world wine production, draw a graph for the United States market for wine under free trade.

  Finding long run equilibrium price

If a representative company with long run total cost given through TC = 50 + 2q + 2q2 operates in a competitive industry where the market demand is given through QD = 1,500 - 40P,

  Questions about economic policy

A lawyer who drives a beat-up car and wears frumpy dresses may have a hard time getting customers. Potential clients may conclude from his appearance that he is poor, and if he is poor, he probably is not very good.

  Determine the shutdown point for firms

The market is perfectly competitive which constant input prices and each firm has the same cost structure from the table listed below;

  Cost of construction for the firm

Assume that a union's target is to maximize total wage income received by union workers, namely, the average union wage times the number of union workers employed.

  Computing marginal costs with excel

Using the given table, find out the quantity where MC = ATC. Find out the quantity where ATC is at its minimum. Find out the quantity that is the most efficient operating point for the firm.

  Various forms of market structure

The president of your corporation, Mr. daily, has asked you to make a report describing the many forms of market structure. He describe to you that the report will be handed out to staff prior to the staff meeting next week

  Difference in pricing and product design

The market environment heavily effects corporate decision making ability. Define and explain the difference in executive decisions concerning pricing, product design,

  Price effects-changes in elasticity of demand

You decided to open a restaurant, named FunMeal. FunMeal is a fast food restaurant with a very limited menu. What is FunMeals elasticity of demand? Is demand elasticity, inelastic, or neither?

  Strategic behavior oligopolies

An interesting example of strategic behavior comes from the 1997 article regarding Microsoft's investment in Apple (New Straits Times, 1997). The article is included in Required Readings list.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd