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A local movie theater wants to know how much popcorn they should stock for a given movie showing. Records from 104 movies reveal a mean of 57.4 boxes and a standard deviation of 15.1. Calculate the LOWER bound of the 94 percent confidence interval for the population mean. (please express your answer using 2 decimal places)
What is the Importance of the Role of Women regarding economics in the continent of Africa
Market failure is a situation in which a given market does not efficiently organize production or allocate goods and services to consumers. Overcoming market failure is a significant challenge for the government, which is not easy to accomplish and m..
Define the terms 'virtual bank' and 'fintech' and describe four 'smart banking services' which virtual banks can offer to their customers.
q1. assume a small nation has following statistics its consumption expenditure is 15 million investment is 2 million
Suppose that your firm is the only producer of a high-tech sports utility vehicle for North American markets. Assume a constant marginal cost of $25,000 to produce each vehicle and no fixed costs of production.
Externalities. A neighbor has rented his house to students who like to party late into the night. I like to get to go to sleep early to make it to my 8AM classes. What are the conditions of an efficient resolution to this dispute?
Consider two neighboring island countries called Bellissima and Euphoria. They each have 4 million labor hours available per week that they can use to produce corn, jeans, or a combination of both. The following table shows the amount of corn or jean..
Max Corporation has $10,000 in retained earnings that it has not distributed to its stockholders as dividends. It has a choice to invest the funds in a certificate of deposit at a bank at a guaranteed rate of 7 percent, or to plow back the funds in t..
A company bought a machine with an initial value of $120,000 with life time of 8 years and a salvage value of $12,000, assuming ? =0.60 find the book value at year six using the declining method.
Suppose the economy produces only two goods: consumer goods and capital goods (K). Also suppose the economy is operating at full employment. Finally, suppose consumer goods are subject to legal price controls (price ceiling). Use a PPF to show the ec..
n 1978 China introduced its "one child" policy to limit population growth. Due to selectice abortions, this has led to an enormous increase in the male/female sex ratio at birth. What would this new sex ratio do to the bargaining power of women in t..
What is an innovation economy? How does it differ from a traditional manufacturing economy?
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