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a. You want to estimate the average years of seniority for employees working for Kaneko Ltd. The files of 49 workers are selected at random. Average seniority for those in the sample is 13.6 years. Assume you know the population standard deviation is 5.2 years.
b. Construct an 80% interval.
c. For your answers in a) and b), identify the margin of error term and the standard error term
Illustrate an advantage of each strategy and under what conditions you might use each. How do market prices differ between perfectly and imperfectly competitive markets.
A lawyer who runs a beat up car also wears frumpy clothes may have a hard time getting clients. Potential clients may conclude from his appearance that he is poor, and if he is poor, he probably is not very good.
Suzy knows that she has maximized her utility, as she is on her budget constraint.
Next, consider the follwoing three scenarios and to describe the likely effects of an activist policy in both the short and long run.
Explain why Brownstown's management was reluctant to release this information to its lenders.
One popular voting scheme is rank order voting, where persons assign a rank (1,2,3) to the possible options; the assigned ranks are then added up and alternative with lowest sum wins.
Suppose a firm that is deciding whether to operate plants only in United States or also in either Mexico or Canada or both. Congress is currently discussing an overseas investment in new capital tax credit for U.S. firms that operate plants outside t..
How does an active fiscal policy helps or hinder long-run growth in the economy.
Create an educated guess as to illustrtae you expect to happen to short-term.
Why would the firm price it differently in different countries. Illustrate what do you think will happen to the price over time.
Suppose Japan agreed to a voluntary export restriction which reduced US imports of Japanese steel by 10 percent. What would be the likely short-run effects of that VER on the U.S..
Elucidate what would happen to equilibrium price and quantity in the market for Pepsi if the following occurred.
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