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Q. A car manufacturer claims that its vehicles average at least 25 miles per gallon, with a population standard deviation of σ=2. We take a sample of n=36 cars to test fuel efficiency, and with to performance a one-sided hypothesis test of the manufacturer's claim at a level of α=.05.
a. What is the critical value for the sample mean?
b. Suppose the answer to part a, is 23.5 (it is not, but assume it is to do part b). If the true value of efficiency in the population is 22.75, what is the power of this hypothesis test?
Assume your town decides to levy a tax to raise funds for construction, maintenance also other expenses for local schools. Should the tax be proportional, progressive or regressive.
Each firm can monitor the other's price very closely and can respond instantly
Case Study - Technology and Economic Change and what are the causes of economic growth in potential output in the long-term? Apply the theory to illustrate and explain your answer with an example.
If the unemployed workers in the newly unionized sector spill over into the nonunion sector? How many employees will be hired in that sector? D. What is the union relative wage advantage? What is the true absolute effect?
Illustrate what happens to inflation is indeterminate; it could be either higher or lower than in the standard model.
Use your own example in order to illustrate these concepts. Can the marginal utility from a product be negative? If yes, give an example.
Explain how do economists distinguish between the absolute and relative sizes of the public debt. Why is the distinction important.
q.suppose sam.com sell 3500 books on account for 11 each cost these book is 16500 on october 10 2012. one hundred of
q. youve been on your lunch break for less than 45 minutes when your boss orders you to return to work immediately or
Define also Elucidate the three important components of organizational architecture responsible for the success or failure of an organizational design
Give an example of the type of retailer that might use this method. Explain how using this method would affect a retailer’s stock control.
Assume that Roscoe's Rascals decided to add the pet food line. A copy company wants to expand construction.
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