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Given the probability distribution function:
x 0 1 2
Probability 0.25 0.50 0.25
a. Graph the probability distribution function.
b. Calculate and graph the cumulative probability distribution.
c. Find the mean of the random variable X.
d. Find the variance of X.
What do you think Vroom's expectancy theory of motivation stands for? In a multicultural environment, what are the multinational management implications.
The developing country uses the $100 bank balance to import $100 worth of food from the United States (US).
Calculate the cross elasticity of demand, using the mid-point approach.
Create a supply and demand graph in Excel that demonstrates the relationship between the amount buyers are willing to purchase and the quantity available. You may select your own data points, but you must discuss the relationship between supply and d..
We manufacturer automobiles given the production function q = 5KL where q is the number of autos assembled per eight-hour shift, K is the number of robots used on the assembly line (capital) and L is the number of workers hired per hour (labor). If w..
Under the responsibility scheme proposed by the Hong Kong government, households will be charged for solid waste disposal. Is this charge justifiable from an economics point of view? Explain your answer with a diagram ( IT is Microeconomic question)
Explain why the Fed decreased the federal funds rate during the last two recessions. As you can see from the graph, the Fed raised the federal funds rate in 2004 up to 2006. Again, explain what might have motivated the Fed to act in such a way.
Consider a mutual fund with $720 million in assets at the start of the year and with 10 million shares outstanding.
You operate a small but popular and profitable restaurant/bar in a college town. There are several other restaurants and bars nearby. You have conducted a market research study and discovered that the price elasticity of demand for local residents is..
How would an economist respond to the opinions expressed in this documentary? What aspects of the current food system would an economist view as a positive development?
Examine the major influences that organizational culture can have on organizational ethical decision making. Use the Internet to research a business leader that you believe to be an ethical leader. Next, examine the key traits and actions that the se..
You’re the manager for a college football team. Assume you own the stadium and the variable cost per attendant is $0. You’ve been told by your in-house economist that you should set the price of tickets at $50 to maximize profit (at current, you set ..
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