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Question: 1. What role does the central limit theorem play in statistical hypothesis testing? In the construction of confidence intervals?
2. What is the difference between a null and alternative hypothesis? Among size, significance level, and power? Between a one-sided alternative hypothesis and a two-sided alternative hypothesis?
3. Why does a confidence interval contain more information than the result of a single hypothesis test?
Suppose that a consumer has a utility function u(x ,x ) = x1^1/2 x2^1/2 . He originally faces prices (1, 1) and has income 100. Then the price of good 1 increases to 2. What are the compensating and equivalent variations? We know that the demand f..
Could someone help me find a listing of expenses by diagnosis or by procedure for a healthcare organization? I have tried to google but could not find anything.
What are the two main characteristics of a pure public good (for example, national defense)? How is this different from private goods?
1. the largest component of spending in the circular flow model isa. investmentb. consumptionc. net
What is the Marginal Propensity to Consume (MPC) in this model? What is the Marginal Propensity to import? What is the total autonomous expenditure? What is the equilibrium GDP?
Explain why factors that are not part of the calculation of the Gross Domestic Product (GDP) can be important exclusions that have important meaning for understanding domestic macro-economics.
Attila (A) and Francis (F), live on Coconut Island and face the problem of determining the amount of military defense they need to repel a potential invasion from neighboring islanders. Defense is a jointly consumed pure public good. They agree to..
Topic in Macroeconomics: unemployment and inflation - clearly plan the ideas in logical manner that is consistent with the core topic. The basic parts-introduction, body and conclusion-must be underlined
What price should the firm charge in each market? Calculate the annual deadweight loss (DWL) to society due to the drug firm's market power in Zatab. What exactly does this deadweight loss represent?
Mark Martinko has been a class A racquetball payer for the last 5-years, and one of his biggest goals is to own and operate a racquetball facility.
What are the advantages of Fed increasing interest rates if the GDP gap is positive?
Patients who need the surgery must pay for it themselves. Among which of the surgeries has the lower inflation rate.
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