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1. A manufacturing company produces electrical insulators. If the insulators break when in use, a short circuit is likely to occur. To test the strength of the insulators, destructive testing is carried out to determine how much force is required to break the insulators. Force is measured by observing the number of pounds of force applied to the insulator before it breaks. Use the data stored in "Force" file to answer the following:
a. At the 0.05 level of significance, is there evidence that the population mean force is greater than 1,500 pounds?
b. What assumption about the population distribution is needed in order to conduct the "t test" in (a)?
The income tax is unfair to those who work hard to earn their incomes is an example of positive economic analysis.
Illustrate what are some of the downside risks also potential problems involved when using fiscal policy.
Suppose the monopolist is regulated to charge a rate which covers all unit cost and total cost, what is this rate and how many units will the monopolist produce?
At the profit-maximizing quantity, what is the average total cost of producing e-books.
Could a service industry utilize production line approach or self-serve design also still keeps a high customer focus
Describe capital and labour productivity in engineering context and pharmaceutical industries in India. Discuss whether Indian Consumer goods industry is growing at the cost of future profitability.
Illustrate what is the relationship between the Phillips curve, cumulative demand also cumulative provide.
Why considering that it snows only once every ten years where Joe lives, Joe's expectations are almost always perfectly accurate." Are Joe's expectations rational.
barbers who have turned farmers will drive down wage rate but will still be earning more than if y had remained barbers. Who benefits from technological progress in farming Farmers or barbers.
Elucidate in which country is an expansionary monetary policy likely to have a larger effect on aggregate output. Explain your answer using aggregate supply and aggregate demand curves.
Compare the competitive price charged and quantity produced under perfect competition and monopoly. Other than identifying the presence of only one producer under monopoly, why do we tend to see this differential.
If a deposit outflow of $50 million occurs, which balance sheet would a bank rather have initially, the balance sheet of the following balance sheet.
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