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Individuals are often classified as being morbidly obese if they are 100 pounds overweight. Imagine that the population proportion of morbidly obese individuals in the country as a whole is 1.5%. 1. How large does n need to be to use the standard normal distribution for hypothesis testing? 2. You obtain information on 500 individuals from a town and calculate the sample proportion to be 3%. 3. Calculate a 93% confidence interval for sample proportion? 4. Does the confidence interval include the population proportion? 5. What is the probability that the sample proportion is equal to the population proportion?
Using the mid-point method, calculate the price elasticity of demand from Point A to Point B. Show the steps of your calculation. Suppose John operates his sandwich stand at the portion of the demand curve between Points A and B. If John would like t..
Hurricane Katrina damaged a large portion of refining and pipeline capacity when it swept through the Gulf coast states in August 2005. As a result of this, many gasoline distributors were not able to maintain normal deliveries. the quantity demanded..
Find the equal annual payment series that would be equivalent to the following increasing series of payments if the interest rate is 12%.
What are factors that shift supply curve for this good. How do you expect supply and demand of your selected good to change in next year. Relate your expectation to price and quantity.
Find a news story from the last 12 months that you believe impacted Aggregate Demand or Aggregate Supply. Provide a brief summary of the story and then explain why it impact AD or AS. Was it positive or negative impact?
describe the current account balance, the capital account balance, and the official settlements account balance.
q.your firm is considering the purchase of an old office building with an estimated remaining service life of 25 years.
In the US economy we have two sectors, private and public sectors. In recession time, how can public sector help the private sector? Provide an example in the recent years. In non recession time, how can private sector help the public sector?
Illustrate what might you call an outward shift of a nation's production possibilities frontier.
How we justify assumption that individual demand curves have a negative slope. If y do not, then we may not be able to add them to get market demand.
The marginal cost to X Co. of supplying an additional tractor to a customer is $300. X Co. sues Mr. Y for breach of contract. How much damages should be awarded to X Co
Construct the bank's balance sheet also calculate the bank's net worth-there is a missing piece of information on the right-side that ou need to fill-in so that both sides of the T-account add up to each other
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