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In a random sample of 88 adults from a particular town, it is found that 6 of them have been exposed to a certain flu strain. We want to test the claim that the proportion of all adults in the town that have been exposed to this flu strain differs from the nationwide percentage of 8%. The hypotheses are H0: p = 0.08, HA: p ≠ 0.08. The test statistic is z = -0.41. and the P-Value = 0.6828. State your conclusion in terms of H0.
The equation of exchange indicates that:
Give an explanation, in your opinion, of the cultural impact of government mandated price ceilings such a rent control in New York City. Such things as supply of housing, redistribution of resources, shortages, market distortion and incentives sh..
Suppose that each worker in Home can produce 2 pound of cheese or 3 gallons of wine. Assume that Home has 40 workers. Graph the production possibilities frontier (PPF) for Home? What is the no-trade relative price of cheese in Home? Why?
Discuss the different ways that the Federal Reserve measures money. How reliable do you think these measurements might be?
Suppose you work for a national statistical agency and are asked to set up a program to collect data on and compute a consumer price index.
Bob and Terri each make $40,000 per year and have $5,000 cash in the bank. Bob has a risk of loss of $2,000 (30%), $3,000 (30%) and $0 (50%). Terri has a risk of loss of $300 (40%), $40,000 (5%) and $0 (55%). Who needs to buy insurance the most? Calc..
The local government does not directly charge their residents for collecting garbage. However, the city faces increasing marginal costs of MC=1+0.7Q per ton. Residents' market benefit for garbage is MB=250-1.4Q per ton. What are the total costs to th..
How would an advance terror warning affect the vulnerability determination from a terrorist attack?
Illustrate what was the growth rate of the GDP deflator between 2007 and 2008. What was real GDP in 2007 measured in 2000 prices.
Your manufacturing company is currently producing just enough of its best-selling Awesome Gadget X to me this year’s demand. The fore cast for the next year is in, and its demand is expected to double (1 million new units per yr.) and stay at this le..
Identify two factors that would cause the demand curve to shift to the left. Discuss two factors that would cause the demand curve to shift to the right.
But what determines the country's opportunity cost? Why German engineering is superior to other countries's engendering, for example?
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