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The weight of people in a small town in Missouri is known to be normally distributed with a mean of 173 pounds and a standard deviation of 28 pounds. On a raft that takes people across the river, a sign states, “Maximum capacity 3,528 pounds or 18 persons.” What is the probability that a random sample of 18 persons will exceed the weight limit of 3,528 pounds?
What is the probability?
in costa rica only a few beaches remain that are nesting grounds for sea turtles. some of those beaches have
Explain how a company that is competing in a purely (or perfectly) competitive market should increase its competitive stance in the marketplace. Provide specific examples.
1. Why is there such a difference in Asia's share of global real GDP, depending on whether the computation uses purchasing power parties or exchange rates 2. Why is Asia's "economic size" so much smaller on a per capita basis than on an a..
How much is the long-run equilibrium price? How many firms will be operating in this equilibrium? Plot two side-by-side graphs to illustrate the long-run equilibrium; one should show a typical firm in equilibiurm, the other should show the market..
how would you characterize the level of competition? bull in other words does this company or industry have a lot of
suppose two entities are considering collusion - to make things legal consider a situation similar to opec except
Based on a Rate-of-Return analysis of alternatives A & B alternative B was selected. A Net Equivalent Uniform Annual analysis of the same alternatives led to the selection of alternative A. Describe the circumstances which could lead to this outco..
Imagine there's only one movie theatre near a school campus. Local demand for movies is given by: What is the profit function? What is the theatre's maximizing q* and p*?
The effective capacity and efficiency for next quarter at MMU Mfg. in Waco, Texas, for each of three departments are given below. Compute the expected production for next quarter for each department.
Business Week recently declared, “We have entered the Age of the Internet” and observed that when markets for goods or services gain access to Internet, more consumers and more businesses participate in the market.
Explain what the short is--run effect of a fiscal contraction (lower government spending for example? What happens to the nominal wage rate during the process of moving from short-run equilibrium to long run equilibrium? What about real wage rate
Calculate the market demand for strawberries and plot it on a graph. On the same graph plot the supply function using the data in column A. What are the equilibrium price and equilibrium quantity?
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