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A psychologist is interested in knowing whether adults who were bullied as children differ from the general population in terms of their empathy for others. On a questionnaire designed to measure empathy, the mean score for the general population is 30.6. Random sampling of 25 scores obtained from individuals who were bullied yielded a sample mean of 39.5 and a sample standard deviation of 6.6.
Suppose you want to calculate the 99% confidence interval.
What is the new critical value you will use for this calculation?
±1.645
±2.064
±2.756
±2.797
6.74
Consider the method of calculating the present value of a college education, shown in the spreadsheet in the spreadsheet linked to in the Course Content slides. How would you change the calculation to make it more realistic, or more applicable to you..
Explain how much should firm produce in order to maximize profit. Illustrate what is maximum profit that firm can generate at output level (your answer in a).
Or if you never worked before, pick an industry of interest to you.) What were the key forces shaping the nature of competition and the opportunities for making
What is John Stuart Mill's "take" on Say's Law? How would you describe a country's savings rate and its effect on the country's growth rate?
Suppose your utility function for fruit (F) and chocolates (C) is U(F,C) = F + 4C. If you reduce your chocolate consumption by 2 units, how much do you have to increase your fruit consumption in order to maintain the same utility level?
Which of the following statements are true about deficits versus debt?
What is externality? Why don't people take into consideration the external costs of their actions? Describe four major income maintence programs in the United States. Suppose a union negotiates a wage that is above the market-clearing wage. What prob..
What is the future value of each of the following streams of payments?a. $500 a year for 10 years compounded annually at 5 percent?
If the partners require a 12% rate of return, what is the firm's cost of capital: (a) Before taxes? (b) After taxes with a tax rate of 30%?
Find the value of Q where increasing returns ceases and diminishing returns begins.
x is a binomial random variable with n=400 n = 400 and p=0.1. p = 0.1. Use the normal approximation to binomial probabilities to find following:
The Regulatory Origins of the Flash Crash. On May 6, 2010, the stock market suddenly swung a thousand points. Nobody really knows why. But Dennis Berman, in the Wall Street Journal, has a clue: Maybe the regulators did it. He notes that it results fr..
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