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The scores of students on the ACT college entrance examination in a recent year had a normal distribution with a mean of 18.6 and a standard deviation of 5.9. A simple random sample of 60 students who took the exam is selected for study:
a) What is the shape, mean(expected value), and standard deviation of the sampling distribution of the sample mean score for samples of size 60?
b) What is the probability that the sample mean is 20 or higher?
c) What is the probability that the sample mean falls within 2 points of the population mean?
d) What value does the sample mean have be in order for it to be in the top 1% of the sampling distribution?
For the Exchange variable, show the frequency and percent frequency for AMEX, NYSE, and OTC. Construct a bar graph similar to Figure 1.5 for the Exchange variable. d. Show the frequency distribution for the Gross Profit Margin using the five inter..
A company bought a piece of equipment for $100000 3 years ago, with salvage values of $20000 after 8 years. The machine now can be sold for $35000. The annual operating cost for this equipment is $15000. A new piece of equipment can be bought.
Analyze basic growth data for Austria for the period 1970 to 2007. Find the Steady-state equilibrium level of GDP per capita and real GDP growth rate. Variables Gross Output (real GDP) Net Output (real NDP) Depreciation InvestmentICT Investment
In the boom years of the late 1990s, it was often said that rapidly increasing stock prices were responsible for much of the rapid growth of real GDP. Explain how this could be true, using aggregate demand and aggregate supply analysis.
if the rate discount is 20 percent, A. would you rather receive $ 100 today or $ 120 in one year B. would you rather receive $ 205 today or $ 240 in one year C. would you rather receive $ 500 in one year
Tabulate or graph the results; Analyze and discuss the results, noting any interesting, tures
You have made deposits of $1000 per year in an investment account at the end of each year (beginning at the end of the first year) for ten years. The account earned 6% compounded annually for the first 5 years and 9% compounded annually.
A. If the interest rate is 35%, what is the maximum you can spend in the current period B. If the interest rate was lower, you probably would be able to spend more than that. What would be the maximum interest rate that would allow you to spend $2..
wITH CURRENT TECHNOLOGY, SUPPOSE A FIRM IS PRODUCING 800 MUFFINS DAILY. ALSO ASSUME THAT THE LEAST-COST COMBINATION OF RESOURCES IN PRODUCING THOSE MUFFFINS IS 4 UNITS OF LABOR, 8 UNITS OF LAND, 2 UNITS IF CAPITAL.
Consider now that there are two qualities s1 and s2 with s2 > s1 provided by two different firms 1 and 2. The timing is the following: first firms choose their qualities, second they compete in price.
Calculate the Net Present Value and Rate of Return for the Project: Initial Cost: $100,000.00 Expected annual benefits: $20,000 Expected economic life: 10 Expected salvage: $10,000 Minimum Attractive Rate of Return: 12%
Suppose that market demand is given by Q = 10 - 0.01P in which Q is the quanity of a good given in million units, and P is the price of the good given in $ per unit. In the long-run, a typical producer faces average cost AC = 9 + 2Q and marginal c..
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