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An automatic saw at a local lumber mill cuts 2 by 4 to an average length of 120 inches. However, because the saw is a mechanical device, not all the boards are 120 inches long. In fact, the distribution of lengths has a various of 0.64. The saw operator took a sample of 36 boards. What is the probability the average length of the sample board s is more than 120.2 inches?
Consider Romer's model of endogenous growth. a). Suppose first that the production function is as follows: where f = 0.1 and f = 0. Using the equation in the text, what will be the growth rate of per capita income. what will be the growth rate of per..
What is the relationship between potential output and the natural rate of unemployment If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent
An engineer wanted to celebrate graduating and getting a job by buying $2,400 of new furniture. Luckily the store was offering six-month financing at the low interest rate of 6% per year compounded monthly. Calculate the amortization schedule.
The diesel powered van costs $39,000 and the gasoline powered one $34,000. They have fuel economies of 11mpg and 7mpg respectively. Gasoline is expected to have an average price of $2.25 per gallon, diesel $2.35 per gallon. The company uses 17.5% ..
the publicly-traded companies Research in Motion (Blackberry Phone producer) and McDonalds. Using Google's finance page, answer the following questions for both companies: (a) What is the stock symbol On which exchange is this stock traded
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
he company is proposing to build a $10-million power plant to burn its waste as fuel, thereby saving $2.8 million a year in coal purchases. Company engineers have determined that the waste-burning plant will be environmentally sound.
What is the probability that Z is smaller than 1.02? b.) What is the probability that Z is greater than 0.65? c.) What is the probability that Z is between -2 and -0.5? d.) What is the probability that the interval [Z-1, Z+1] contains the value 0?
Suppose that the market for candy canes operates under conditions of perfect competition, that it is initially in long-run equilibrium, and that the price of each candy cane is $0.10. Now suppose that the price of sugar rises, increasing the margi..
Given at the period 1950-1973 Labor Growth = 1.35, Capital Growth = 3.83, Potential GDP growth = 4.02 Share of Labors = .7, US Population = 152, US population in the end of the year = 212 What share of potential GDP per capita in each period is expla..
An asset with a cost basis of $100,000 and an ADS* recovery period of five years is placed in service and is expected to generate net cash flows of $30,000 per year during its 6 years useful life. Its salvage value is expected then to be negligib..
The robotics corporation produces cuddly toys using only computer driven robots. The quantity of toys (t) produced per year is given by T = 10r where r is the number of robots used during each year of production If the market price of robotics 200..
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