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A certain cancer is found in 1 person in 5000. If a person does have the disease, in 92% of the cases the diagnostic procedure will show that he or she actually has it. If a person does not have the disease, the diagnostic procedure gives, in 1 out of 500 cases, a false positive result. Determine the probability that a person with a positive test result has the cancer.
At what level must be a ceiling price imposed upon the monopolist's market to cause the monopolist to supply the efficient quantity supplied?
What are the distinctions between net ordinary income and separately stated income and deductions? What is the rationale for separately stating those items as individual K and the K-1?
Perry is a freshman. He estimates that the cost of tuition, books, room and board, transportation, and other incidentals will be $13,000 this year. He expects these costs to rise about $1500 each year while he is in college. If he earns an extra$15,0..
The fan attached to the sled sends an impulse burst of 45.0 N for 21.3 seconds adding to the sleds momentum.
A municipal highway department needs to repave a section of roadway. Concrete would cost $500,000, and lasts for 20 years. Asphalt can also be used, but it only lasts for 15 years, and requires resealing after 8 years at a cost of $50,000. At what co..
Suppose that a consumer's preference between the good x and y are represented by the utility function u(x,y)= x+y. If these two goods have the same price, describe the optimal consumption choices of this consumer.
Using the optimization theory, analyze the following quotations : The optimal number of traffic deaths in the United States is zero. Any pollution is too much pollution. We cannot pull US troops out of Afghanistan. We have committed so much already.
Elucidate what economic, political, and cultural factors do HR managers need to consider when sending employees to work internationally.
List all the Federal and Nutrition and Health Care programs these following people are eligible for. Write a rationale on why you think they are eligible for the programs.
Which of the following is associated with asymmetric information in a financial crisis?
Suppose the market for widgets is perfectly competitive. Furthermore, suppose the total cost curve for a typical firm in this market is TC = 128 + 3q2 where q represents the quantity of widgets sold by a single supplier. Suppose that there are 16 sel..
Suppose a soft drink company want to perform a taste test on 5 brands of diet cola. How many permutations are there for presenting 5 diet colas to test subjects
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