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According to the Polk Company, a survey of households using the Internet in buying or leasing cars reported that 81% were seeking information about prices. In addition, 44% were seeking information about products offered. Suppose 75 randomly selected households who are using the Internet in buying or leasing cars are contacted.
(a) What is the expected number of households who are seeking price information?.
(b) What is the expected number of households who are seeking information about products offered?
(c) What is the probability that 67 or more households are seeking information about prices?
(d) What is the probability that fewer than 23 households are seeking information about products offered?
Some companies, such as Toyota, have many independently owner suppliers. Do you think its relationship with suppliers of tires would be different from that of, say, a supplier of an engine part specifically designed for Toyota?
Bill borrowed $10,000 to be repaid in quarterly instalments over the next 7 years. The interest rate he is being charged is 11.76% per year compounded quarterly. What is his quarterly payment?
In the Solow growth model, suppose that the per-worker production function is given by y=zk^0.3, with s=0.25, d=0.1, and n=0.02. Suppose that in country A, z=1. Calculate per capita income and capital per worker. Suppose that in country B, z=2. Calcu..
Design an alternative author-compensation scheme under which the author and the publisher would pick the same price.
Compare the actual 2012 to 2014 deficit to GDP Social Security and Medicare numbers to the projections outlined in your book. Where the projections correct or were they off? Why? Also provide the most recent projections for deficit to GDP, Social Sec..
According to the Law of Diminishing Marginal Utility, the consumer will receive less satisfaction when they consume additional units of goods and services
If Automatic stabilizers change the federal budget balance by $70 billion for every 1 percent change in real GDP growth, what will happen to the federal budget balance if the economy falls into a recession of -3 percent from a growth path of +2 perce..
With a level of significance of 0.05, is there any difference in the average number of hamburgers sold in the two branches? What is the p-value?
Define e-commerce and describe how it differs from e-business. What are the Eight Key Elements of a Business Model and discuss value preposition.
What is project Planning? Discuss in detail, the activities that underscore the importance of project planning in project management.
If the firm believes 15% is an acceptable rate of return, what annual benefit is needed to justify the purchase the heat exchanger unit?
Investigate the distribution of income in the United States from the 1960's. The Bureau of Labor Statistics (bls.gov)or the US census government website census.gov may be good sites. Is wealth distribution and income distribution the same thing? Are ..
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