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For borrowers with good credit scores, the mean debt for revolving and installment accounts is $15,015. Assume the standard deviation is $3540 and that debt amounts are normally distributed. a. What is the probability that the debt for a borrower with good credit is more than $18,000? b. What is the probability that the debt for a borrower with good credit is less than $10,000? c. What is the probability that the debt for a borrower with good credit is between $12,000 and $18,000? d. What is the probability that the debt for a borrower with good credit is no more than $14,000?
If consumers perceive several goods to be homogeneous, they believe the goods to be,
Why is that the pre-trade production points have a bearing on comparative costs under increasing cost conditions but not under conditions of constant costs?
Use the following information from the current year financial statements of a company to calculate the ratios below- Accounts receivable turnover. Times interest earned ratio. Divided yield ratio. Earnings per share.
The difference between Real GDP and Nominal GDP reflects the degree to which we are achieving the macroeconomic goal of
Suppose the mayor is suggesting an increase in gas taxes that would affect the commute costs and thus bid rent curves for residents Pr=5.5-0.75x. Calculate the new size of the city.
Carrboro has three equal-sized groups of people: (1) type A people consistently prefer more police protection to less; (2) type B people prefer high levels of police protection to low levels and they prefer low levels to medium levels; Which types of..
Considering the following concepts such as GDP, unemployment, monetary and fiscal policy. Pick an recent newspaper article (New York Times, Wall Street Journal, etc.) that focuses on DELL INC. Describe the event and the issue for DELL INC. (summarize..
Compare social welfare under the bribe with social welfare in the case where the police officer always abides by the law.
Using a demand/supply diagram, illustrate and explain the effects of the imposition of an export tax on a good Y by a home country’s government on (i) the home country’s consumers of Y, (ii) the home country’s producers of Y, and (iii) the home gover..
Representative consumers have the utility function U(C,Ls) = log(C) + log(1- Ls). There is perfect competition in the markets (so price and wages are taken as given by firms and consumers) Write down the budget constraint of the representative consum..
You are consulting with a company that is failing. It seems the CEO (recently fired) paid no attention to the board of directors. He was also heard to say, "I don't serve stockholders, employees, and government regulators - they serve the CEO." Write..
increases the equilibrium GDP also the size of that increase varies directly with the size of the MPC
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