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The average rent in a city is $1,500 per month with a standard deviation of $250. Assume rent follows the normal distribution. Use the empirical rule for normal distributions to answer the following questions.
a. What percentage of rents are between $1,250 and $1,750? (Round your answer to the nearest whole percent.)
b. What percentage of rents are less than $1,250? (Round your answer to the nearest whole percent.)
c. What percentage of rents are greater than $2,000? (Round your answer to 1 decimal place.)
q. client 2 is in the express small package industry. limit your recommendation and supporting analysis to 250 words
Some say which we should propose an amendment to the U.S. Constitution which would need a balancing the federal budget
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What is hyperinflation? Explain some factors that were responsible for the Zimbabwean hyperinflation of the late 2000s. In 2009, Zimbabwe ended its hyperinflation by adopting the U.S. dollar as legal tender. What potential problem(s) could this strat..
Consider the competitive (private) market for widgets described by the following marginal benefit (MB) and private marginal cost (PMC) curves: MB = 100? 0.1Qd PMC = 4 + 0.06Qs, where Qs and Qd vary from 0 to 1000. Calculate both the consumer and prod..
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Calculate the forward premium on the British pound for the Dutch investor where exchange rates are in euros per pound. Is it positive or negative? why do investors require this premium/discount in equilibrium.
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Find the equilibrium level of real GDP. What is the multiplier in this model? Assume investment increases by $10,000, what is the new equilibrium? Use a "Keynesian Cross" (45 degree line) graph to show the equilibrium level of real GDP in parts ‘a’ a..
A monopolist with a straight-line demand curve finds that it can sell one unit at $9 each or nine units at $1 each. Its marginal cost is constant at $2 per unit.
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