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Suppose that you are in charge of the ticket sales for a major college football team. From past experience, you know that the number of tickets that a person standing in line at the ticket window wishes to buy has approximately a normal distribution with mean 2.4 and standard deviation 2.0. For today's game, there are 100 eager students and alumni standing in line to purchase tickets. If only 200 tickets remain for the game, what is the probability that all 100 of the students and alumni get the number of tickets they wish to buy? Please show your work.
If you randomly selected an individual from those polled, what is the probability that they would say that the effects "were not harmful at all"?
One way to design a housing subsidy is to pay a certain percentage of a tenant’s rent, allowing the renter to shop for whatever housing the person thinks most appropriate. An alternative policy is to pay a fixed dollar amount toward whatever rent the..
Suppose that 8000 (i.e 8 units of one thousand) construction permits are expected to be issued in 2010. What would be the point estimate of Phoenix lumber Company’s sales for 2010?
The production possibilities frontiers in the figure to the right show how many bananas and coconuts you? (Y) and your neighbor? (N) can consume without trade. Suppose you are initially consuming 10 bananas and 4 coconuts and your neighbor is initial..
q1. connie and stephen must decide how to split a pie. suppose both of them simultaneously formulate demands x and y.
q1. use the suitable formulas to create 2 new columns for total profit as well as profit margin correspondingly.
Labor is expected to increase by 5% and the interest rate is 10%. What is the maximum amount you could spend on the device?
A tax is imposed on a certain good. The tax produces revenue of $5,000 for the government. The tax reduces consumer surplus by $3,000 and it reduces producer surplus by $4,000. What is the amount of the deadweight loss of the tax?
Identify the market structure of the building and construction industry in your country. Outline the solutions to the housing affordability problem.
Suppose Ann's marginal rate of substitution between good y and good x is -2. Bill's marginal rate of substitution between good y and good x is -3. Each consumer has 10 units of each good. Propose a trade between Ann and Bill that would make each cons..
Suppose the economy produces only two goods: consumer goods and capital goods (K). Also suppose the economy is operating at full employment. Finally, suppose consumer goods are subject to legal price controls (price ceiling). Use a PPF to show the ec..
Which of the following is true regarding the grand jury system?
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