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X is normally distributed random variable has a mean of 100 and a standard deviation of 20. What is the probability that X lies between 75 and 95?
Consider an American automaker like GM with almost 400 production facilities located in 37 countries and sales in over 150 countries! To maximize profits, what decisions does GM have to make in regard to pricing and production?
John is a manager in the Gardening department at ABC Hardware. Last week the general manager was fired for incompetence. The chief executive officer appointed John to be the new general manager. Provide a written analysis of how John should tackle th..
Suppose that, instead, the market quantity demanded at a price of $1.33 is only 75,000. How many firms do you expect there to be in this industry.
During the 2012 presidential election campaign, Texas Governor Rick Perry criticized the actions of the Fed Chair Ben Bernanke. He Argued that, "Printing more money to play politics at the particular time in American history is almost treasonous in m..
In a statement to Gillette’s shareholders, Chairman and CEO James Kilts indicated, “Despite several new product launches, Gillette’s advertising-to-sales declined dramatically . . . to 5 percent last year. Gillette’s advertising spending, in fact, is..
Illustrate what are the key determinants of Spectrum Healthcare Resources fixed cost and variable cost in short-run.
What are the key principles and tenets that any educated person should know regarding the science of economics and their applicability in the world today?
How is the Unemployment Rate Calculated? Why is it important to know about the Unemployment Rate in studying Macroeconomics?
Suppose the Bank of Japan (BOJ) and the Federal Reserve Bank decide to coordinate policy in an effort to lower the dollar exchange rate (that is, to reduce the number of Japanese yen needed to purchase one dollar). The policy coordination needed to r..
All of the following are characteristics of "property rights" EXCEPT that:
Provide a brief overview / synopsis of the issue. Discuss the model or economic theory that relates to the issue presented in the news article.
A wealthy businessman wants to start a permanent fund for supporting research on sustainability. The donor plans to give equal amounts of money for each of the next five years, plus one gift now (i.e., six donations in total), so that $100,000 per ye..
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