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The process of being served at a bank consists of two parts—the time waiting in line and the time it takes to be served by the teller. Suppose that the time waiting in line (X) has an expected value of 3.25 minutes, with a standard deviation of 1.06 minutes, the time it takes to be served by the teller (Y) has an expected value of 6.1003865 minutes, with a standard deviation of 1.98 minutes, and the correlation coefficient between the time waiting in line and the time it takes to be served is 0.55. What is the standard deviation of the total time (X+Y) it takes to be served at the bank?
Consider the following market game: An incumbent firm, called firm 3, is already in an industry. Two potential entrants, called firms 1 and 2, can each enter the industry by paying the entry cost of 10. First, firm 1 decides whether to enter or not.
The unemployment rate in November 2011 came down to 8.6% from 9.0% in the previous month. What could have been a possible reason for the decrease in the unemployment rate even when many new were not created in the economy at that time?
Two identical fishermen, Jill and Kevin, fish from the same lake. Since they are only two small producers, they cannot effect the price paid for their fish (P = 100), but they do influence each other’s costs. Write down the profit function for each f..
If the company has not paid dividends, discuss why think the company is not paying dividends or whether they should consider adopting a dividend policy.
You put money into an account that earns a 5 percent nominal interest rate. Theinflation rate is 3 percent, and your marginal tax rate is 20 percent. What is your after-tax real rate of interest? Suppose that changes in bank regulations expand the av..
If you have been offered $137,000 for a job in Los Angeles and $117,000 for a similar job in Dallas, which job affords you the highest purchasing power of the bundle of goods in the price index.
St. Mary's Hospital owns a prime piece of real estate in the center of town. There is a small shopping center on this piece of land. Rents for each store are $4,000 per month. It hires three nurses monthly at $3,000 each. Furnishings are included in ..
In the spring of 2002, lettuce price doubled from about $1.5 to $3 per head. The reaction of one consumer was quoted in newspaper article; "I will not buy lettuce when it is a $3 a head" she said, adding that other green vegetable can fill in for let..
q.would you mind assisting with these few questions as well since you did an awesome job the first time?1. duracell ltd
Suppose a monopolist sells in two distinct markets. The demand for the first mar- ket is given by P1 = 240 − 2Q1 , where Q1 is the quantity demanded and P1 is the price paid by the first group. How much does the monopoly supply in each market and wha..
q.suppose the demand function for corn is qd10-2 and supply function is qs3p-5. the government is concerned that the
Calculate the value of the market basket in 2012 and in 2013. Using your answers to part (a) and letting 2012 be the base year, calculate the value of the CPI for 2013. By what percentage did the CPI increase between 2012 and 2013? Notice that neithe..
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