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Q. A car manufacturer claims that its vehicles average at least 25 miles per gallon, with a population standard deviation of σ=2. We take a sample of n=36 cars to test fuel efficiency, and with to performance a one-sided hypothesis test of the manufacturer's claim at a level of α=.05.
a. What is the critical value for the sample mean?
b. Suppose the answer to part a, is 23.5 (it is not, but assume it is to do part b). If the true value of efficiency in the population is 22.75, what is the power of this hypothesis test?
Suppose a duopoly and let demand be specified by P=A-BQ. In accumulation both firms have same marginal cost c. Interaction between the two firms will be frequent infinite.
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Hiro Nakamura is CEO of the Cola King Bottling Company, a small regional producer operating in the Pacific Northwest. Nakamura is considering two alternative expansion proposals
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