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A family is taking a 10 day vacation, the only one possible due to busy schedules. 2 possiblilities: Someone will get sick and ruin vacation (so no vacation days) or no one will get sick and they will have 10 vacation days.
Family utility function as U= v^1/2. V is vacation days the family ends up being able to take. Chance of someone in the family getting sick over the time period is 20%. What is the expected value of V over the vacation.
Please compute the standard error of estimate and the standard error of the coefficient for the following data set: X = 95, 85, 80, 70, 60 and Y = 85, 95, 70, 65, 70. Lastly, set up and perform the hypothesis test to determine if a student's aptit..
Suppose the natural rate of unemployment in 2005 is 5% and the actual rate of unemployment is 9%. Use Okun's law to determine the size of the GDP gap in percentage-point terms. If the potential GDP is $500B in that year
Five members in a family own a farm in rural Mexico. 2 people = $1600 TFO. 3 people =$3000 TFO. 4 people = $2300 TFO and 5 people = $2500 TFO. Each member has the opportunity to migrate to the nearest city where there are two different types of job..
. The challenger costs $6,000 and has O&M costs of $2,000 per year, increasing by $1,000 per year. The machine will be needed for only three years, and the salvage value at the end
Does the federal budget deficit ever translate into a multiplier effect through government expenditures that create jobs How did the American Recovery and Reinvestment Act (ARRA) of 2009 have an economic impact
The Criminal Records Corporation is operating at its minimum efficient scale, selling 10,000 records per month via late-night cable TV advertising. It currently buys pressed records from Hole-in-the-Middle, Inc.
What is the algebraic equation for this curve d) Now suppose I1 increases to 1100 and I2 decreases to 900. How would the market demand curve shift How would the individual demand curves shift
You decide to open an individual retirement account (IRA) at your local bank that pays 8 percent/year compounded annually. At the end of each of the next 40 years, you will deposit $4,000 into the account. Three years after your last deposit.
A study by Hewitt Associates showed that 79% of companies offer employees flexible scheduling. Suppose a researcher believes that in accounting firms this figure is lower. The researcher randomly selects 415 accounting firms and determines that..
In 2001, Statistics Canada estimated the labor force at 16,109.8 thousand, employment at 14,946.2 thousand, and the working-age population (15+ years of age) at 24,444.3 thousand. Calculate the labor force participation rate for 2001.
Suppose a country has the following production function Y=f(K,L)=K^1/2L^1/2 Its capital stock depreciates at 5%, its population grows at2.5% and its labor-augmentation technology increases at 2.5%
Baby boomers can save up to $22,000 per year in a 401k account. If Eileen's starting balance at age 50 is $200,000 and she saves the full amount available to her, how much money will she have saved when she is 65 years old (after 15 years of savin..
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