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Use the following scenario to answer the next 3 questions. Plastic bags used for packaging produce are manufactured so that the breaking strength of the bag is normally distributed with a mean of 5 pounds per square inch and a standard deviation of 1.5 pounds per square inch. A sample of 25 bags is selected. So we have that the breaking strength of the bags is normal with µ = 5 lbs/in2 and ƒ = 1.5 lbs/in2. Also, n = 25.
1) What is the probability that the average breaking strength is between 5 and 5.5 pounds per square inch?
2) What is the probability that the average breaking strength is between 4.2 and 4.5 pounds per square inch?
3) What is the probability that the average breaking strength is less than 4.6 pounds per square inch?
Many amusement parks charge entrance fee and separate fees for each ride. In view of the above discussion, what do you think is the reason for it? Hint: consider consumer surplus.
1. What is meant by the terms narrow money and broad money?2. Does broad money fulfill all the functions of money?
What would be the impact of raising the federal minimum wage? What are the benefits of government regulation of air pollution from automobiles? What are the costs of this regulation?
year nbsp y nbsp nbsp nbspp nbsp nbsp t nbsp nbsp i nbsp nbsp h1986 1200 15 1800 2900 501987 1190 15 1790 3100 501988
Its a research project related to the Environment in UAE, Paper recycling - Describe the techniques you plan to use to analyse the data you collect.
How are they affected by the laws of supply and demand? What decisions have they made that reflect those laws and what kind of competition do they face in their market.
Choose one thing GDP does not measure and explain A) Why it does not, B) The significance of what is not measured.
Suppose that U and g are two twice differentiable functions of x, both of them increasing and concave, with U %¥ 0, U % 0, g %¥ 0, and g % 0. Prove that the composite function f(x) = g(U(x)) is also increasing and concave.
How does a decrease in U.S. interest rates affect the Eu/U.S. exchange rate? Use the carry trade to predict the impact of lower U.S. interest on Euro/$.
The assumption was that the market structure was perfectly competitive and that the equilibrium price was to be determined by setting QD equal to QS. You are now aware of recent changes in the selling environment that suggest an imperfectly compet..
1. david smith must decide whether to start a business renting beach umbrellas at an ocean resort during june july and
How does the concept of a risk premium in incentive compensation relate to the concept of a compensating differential in compensation policy?
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