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It is said that sufferers of a cold virus experience symptoms for 7 days. However, the amount of time is actually a normally distributed random variable whose mean is 7.5 days and whose standard deviation is 1.5 days.
A) What proportion of cold sufferers experience symptoms for less than 7.5 days?
B) What proportion of cold sufferers experience symptoms for between 7.5 and 10.5 days?
C) Compute the probability of a cold sufferer experiencing symptoms for more than 12 days.
D) Compute the probability of a cold sufferer experiencing symptoms for less than 5 days?
E) Compute the probability of a cold sufferer experiencing symptoms for between 6 and 8 days?
F) What cold length (number of days of symptoms) is exceeded by only 10% of cold sufferers?
According to data provided by British Rail to the Mergers and Monopolies Commission, the 1988 costs of a Sprinter (Class 150/2) train were: Capital Cost 525,000, Annual costs (per unit): Depreciation 26,300, Overhaul and maintenance 32,600, Stabling ..
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If the company will sell the number of units obtained in part d and wants to maintain the same profit as last year, what will its new price have to be.
Suppose that the Canadian economy, on a fixed exchange rate, has a real growth rate of 2% and is in equilibrium with an inflation rate of 10% and risk premium of 1%. Suppose that changes in the US cause its real rate of interest to increase from 3% t..
q1. budweiser miller and coors who together produce 80 of all beer consumed in the us each spend well over 250 million
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A competitive firm’s cost of production is C(Q) = Q^3-20Q^2+125Q. The firm’s problem is to choose the value of Q> or = 0 that maximizes its profit.
The radio manufacturing industry has been in decline for quite some time. Suppose the government is called on to save this industry with infusions of cash, low interest loans, or other special breaks. This might be touted as helping firms remain open..
The firm must pay a fi xed cost of $80 if it produces any positive amount, but does not have to pay this cost if it produces no output. Illustrate what is the smallest integer price that would make a firm willing to produce a positive amount.
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