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On average, a laptop battery lasts 120 minutes with a standard deviation of 4 minutes. 6 batteries are randomly selected for a quality control test.
1. Calculate the chi square statistic for the test if the standard deviation of the selected batteries is 6 minutes.
2. If the test is repeated with a new random sample of 6 batteries. What is the probability that the standard deviation of the new test is greater than 6 minutes?
Explain how many units of labor and how many machines would the firm use to produce 40 units in the cheapest possible way.
In the late 1990s Thailand found that its currency, the Baht was overvalued. That is, its fundamental market value was being pushed below its stated par value. What foreign exchange intervention was required by the Thai monetary authorities to preven..
If hospitals begin to affiliate within regions, would you expect that “unnecessary duplication of facilities” would increase, decrease or stay the same? Why is that? As you think about your answer, consider why this duplication exists in the first pl..
For each item below, draw a graph with quantities of pepperoni pizza on the horizontal axis and quantities of anchovy pizza on the vertical axis to illustrate the following situations. In each case draw two different indifference curves and make a li..
a disgruntled college graduate sues her school on grounds that her tuition payments did not land her the good job she was expecting when she started there. Courts invariably throw out cases like hers.
In its rivalry with Westinghouse, General Electric instituted a "price protection" plan. This plan stated that if GE lowered its price, it would rebate the price difference to its past customers. Show that this plan makes collusion between GE and Wes..
Create a timeline of the annual activity of labor/management collective bargaining from 1978 through 2009, providing a short synopsis of mergers, new carriers and company departure from the air transportation sector. Highlight the areas of most impor..
The author's hypothesis is "... the benefits of progress are often both illusory and detrimental to tribal peoples when they have not been.
The previous director of an insurance plan required no co-pay. As the new director, your first reform is to implement a co-pay. Assume that each doctor visit costs the insurance plan $40, and use the following demand curve for your enrollees: P = 50-..
If inflation falls from 5% to 3% to 1.3% it is sometimes called. Typically the government: If the nominal rate of interest is 8 percent and the inflation rate is 3 percent, then the real rate of interest is: The unemployment rate is the percent of t..
Patricia is researching venues for a restaurant business. She is evaluating three major attributes that she considers important in her choice: taste, location, and price. The value she places on each attribute, however, differs according to what type..
If you were an investor, would you support a project by starbucks to deliver starbucks product through a smart phone app within one building-say the Empire State Building, or the Columbia Tower in Seattle, or the Sears Tower in Chicago? Why and why n..
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