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Suppose vacationers and business travelers have the following demand for airline tickets from New York to Boston: Price Quantity Demanded (Business Travelers) Quantity Demanded (Vacationers) 150 2100 1000 200 2000 800 250 1900 600 300 1800 400 As the price of tickets drops from $250 to $200, calculate the price elasticity of demand for business travelers and the price elasticity of demand for vacationers?
a) Business Travelers: _________ Elastic, Inelastic or Unitary? _________
b) Vacationers: __________ Elastic, Inelastic or Unitary? __________ Why might vacationers have a different elasticity than business travelers?
If a sample of 30 people selected from 300, find the probability that the mean will be less than 156 pounds using the correction factor.
q.1 an experiment was designed to compare several different types of air pollution monitors. the monitor was set up and
find the area under the normal curve to the left of z -1.57 plus the area under the normal curve to the right of z 2.57
An interval from 0 to 90 minutes what is the probability that the line interval between two consecutive defective lights will be less than 10 minutes.
For testing the null hypothesis at the 4% level of significance that mu GE 100 vs the alternative that mu
Scores on the ACT test have a mean of 21.1 and a standard deviation of 4.8. which is relatively better: a score of 1840 on he SAT or a score of 26.0 on the ACT test? why?
The director for training at a company that manufactures electronic equipment is interested in determining whether different training methods have an effect on the productivity of assembly line employees.
A concessionaire for the local ballpark has made a table of conditional values for the different alternatives also states of nature
What are the five steps for calculating probabilities of events? Please apply these steps to an example.
Use this information to find the probability that an HRO officer selected from the group surveyed had problems with either employee absenteeism or employee turnover.
A patient is tested for TB at a medical clinic
Develop a multiple regression paper in which your dependent variable is explained by several independent variables. You can choose any topic you are interested in but keep it simple. If you cannot find data to support your variables, then it is..
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