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3-defective electric toothbrushes were accidentally shipped to a drug store called Clean brush items along with seventeen non-defective ones.
a. What is the probability the first two electric toothbrushes sold will be returned to the drugstore because they are defective?b. What is the probability the first two electric toothbrushes sold will not be defective?
What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).
You have given the following data about the amount your firm can manufacture per day given the number of workers it hires.
Determine what should you do to maximize benefits with respect to values after you acquire a substitute product. Which values should you change more?
Assume that you have a normal distribution with mean =0 and variance =1. Assumee you control a likelihood test for mu =.07 and another likelihood test for mu =8.
Multiplicative decomposition method
The local operations manager for IRS must decide whether to employee 1, 2, or 3 temporary employees. He determine that net revenues will vary with how well taxpayers comply with new tax code.
Design a simple econometric research project
Walt Disney World Theme Parks offer tourists a wide variety of ticket options. The one thing these ticket options have in common is that they entail a fixed entrance fees and permit consumers to take as several rides as they wish at no additional cha..
Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:
The following table is the pay off matrix for zero sum game. Estimate the each players dominated strategy of the following zero sum game?
Solve the forecast model
What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type
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