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Write a 750-900 word report that includes answers to the following tasks/questions:
1. What is statistics?
2. How are they used to make decisions?
3. What is the difference between descriptive and inferential statistics?
4. Think of two different business problems where statistics could be useful to solve them. Provide sufficient detail so that the problem is clear as well as how you think statistical analysis could be useful.
5. What is a variable?
6. What are the differences between quantitative and qualitative variables?
7. What are the differences between discrete and continuous variables.
She understands that the market interest rate for similar investment is 9 percent. Suppose annual coupon payments. What is the present price of this bond.
What would we expect a positive supply shock to do to the real wage? Employment? Explain. The rate of growth in Canada's real GDP is expected to be only 2% next year. What do you predict will happen to the unemployment rate? Explain.
Elucidate how the asset demand for money as a green line draw the transactions demand-for-money curve.
Distinguish between liberal economics and conservative economics. Why is macroeconomics an inherently political subject? Summarize the problems that can be created by rapid inflation. How can inflation become self-perpetuating?
The US economy experienced a sharp recession during 2008 and 2009. Your task is to describe the recession’s causes, and critically assess it within a “liquidity trap” framework.
Illustrate what would happen to total employment, the size of the labor force, and the unemployment rate? Show the results graphically.
Starting with Japan in the 1970s, there are some countries whose trade policy American policy-makers have characterized as “neo-mercantilist.” Considering what you have learned about Mercantilist theory, what do you think we mean by this expression?
There is an old saying about the benefits of Marriage - that "Two can live as cheaply as One". What economic principle substantiates this claim? Diminishing marginal returns Law of Supply Economies of Scale Economies of Scope.
Assuming the policymakers do nothing, use the diagram below to show the effects of the consumer pessimism on aggregate demand.
Pick the last 2 business cycles as identified by the National Bureau of Economic Research. Explain the behavior of the following variables during each of these cycles- unemployment, inflation, GDP Growth.
Barb also Jim run a business which sets up also tests computers. Assume which Barb also Jim can switch between settings up also testing computers at a constant rate
The Eurozone has some countries with severe debt problems: Portugal, Ireland, Italy, Greece and Spain ... sometimes known as PIIGS. These Euro countries are looking for and have been assured of a "bail-out" process so that no one defaults on their de..
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