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1. Why is rejection of the null hypothesis using a t test a more specific statement than rejection of the null hypothesis using the appropriate distribution-free test?
2. Three rival professors teaching English 1 all claim the honor of having the best students. To settle the issue, eight students are randomly drawn from each class and given the same exam. The exams are graded by a neutral professor who does not know from which class the students came. The data are shown.
Professor Li
Professor Kessler
Professor Bright
82
55
65
71
88
54
56
85
66
58
83
68
63
72
64
70
78
62
53
73
Run the appropriate test and draw the appropriate conclusions.
Contrast the static and dynamic views of monopoly and the policies appropriate for each. Please provide a detailed answer.
What is “consumption smoothing”? Explain what key role “consumption smoothing” plays in the life-cycle hypothesis and the permanent-income hypothesis?
The forecasted demand for fudge for the next four months is 140, 160, 90, and 70 pounds. What is the recommended production rate if the level strategy is adopted with no back orders or stockouts
Why is productivity related to the standard of living In your answer be sure to explain what productivity an standard of living mean. Make a list of things that determine labor productivity.
consider an investor with 10000 available to invest. he has the following options regarding the allocationof his
How has Walmart impacted vertical coordination? Your opinion does not need to be based upon the article and how has Walmart impacted performance of the US economy
A firm’s Marginal Revenue curve (in class we called this also Marginal Value) is given by w=1200-2L, where w stands for the wage and L for the quantity of labor. The labor supply curve is given as w=L.
Explain the idea of importing and profile its elements and evaluate the relative benefits and drawbacks of the export and import of e-waste.
Find the revenue earned by each bakery. From that revenue subtract the bakery's variable cost and compute the firm's short run economic profit.
i) Technological advances have led to decreasing costs of extracting oil and gas, and nuclear reactor that produce higher levels or electricity output. How would the increasing availability of energy sources affect energy prices and how would firms b..
What are the impacts of innovation and technology on the cost of production? How does technology affect market structure and real-world competition?
How does the critical value of the discount factor depend on the degree of product dif- ferentiation r ? What does r = 1 imply about the relationship between the two goods?
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