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The director of manufacturing at a clothing factory needs to determine whether a new machine is producing a particular type of cloth with s mean breaking strength of at least 70 pounds. a sample of 36 pieces of clothe shows a sample mean breaking strength of 69.1 pounds and a standard deviation of 3.5 pounds. use a 5% level of significance to test for a mean of at least 70 pounds
When the financial plan has been completed the first time, it must be evaluated:
What are price indexes designed to measure. Outline how they are construed. When GDP and other and other income figures are compared across time periods.
Discuss the relationship between the level of GDP and economic well-being. What factors of well-being are missing from the GDP? Is there a point where the GDP could increase to such a high level
Two firms compete under Cournot competition with constant marginal costs c1 = 2 and c2 =6. The market demand is p=24?q. Compute the market share of each firm, the market price, and the total quantity produced in the market.
q1. discuss the pros and cons of annuities when compared with other financial instruments and whether they provide a
hink about how you can check whether marginal benefit equals marginal cost for each of your household’s activities. Are your household’s resources allocated fairly? Think about the two ideas of fairness and how they apply in your household. By what m..
Should sports leagues be allowed to remain as cartels? More than 100 years ago, the American legislative leaders decided that it was necessary to pass laws prohibiting "...any combinations or conspiracies in restraint of trade." However, the professi..
Find out the total revenue and marginal revenue functions for men and women.
Dividend Problem: For the questions below, assume that the asset in question is a bond with a two year maturity which will pay $100 at the end of the first year and $100 at the end of the second year. Calculate your answers to the nearest cent. Calcu..
Suppose for a moment that someone with legislative power decides to abolish Fractional Reserve Banking and passes a law that forces banks to only lend the money they own, that is M0. What would be the economy-wise implications of such a change in the..
The benefits of implementing dynamic pricing (or time-varying price) in electricity markets - Determine the equilibrium price and quantity for off-peak and peak periods if two different prices in both periods are allowed.
Expalin, with the use of demands and supply, the difference between a chance in quantity demanded of hats and a chance in quantity demanded for hats.
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