Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
1. Scores on a uni exam are normally distributed with a mean of 78 and sd of 8. The professor teaching the class declares that a score of 70 or higher is required for a grade of at least a C. Using the 68-95-99.7 rule, what percentage students scored below a 62?
a) 2.5%
b) 5%
c) 32%
d) 16%
2. A high profile consulting company chooses its new entry level employees from a pool of recent college graduates using a five step interview process. Unfortunately there are usually more candidates who complete the interview process than the number of new positions that are available. As a result, cumulative GPA is used as a tie-breaker. GPAs from the successful interviewees are normally distributed with a mean of 3.3 and a standard deviation of 0.4. What proportion of candidates have a GPA under 3.0?
a) 0.023
b) 0.773
c) 0.551
d) 0.227
3. Heights of college women have a distribution that can be approximated by a normal curve with a mean of 65 inches and a SD equal to 3 inches. About what proportion of college women are between 65 and 67 inches tall?
a) 0.17
b) 0.75
c) 0.50
d) 0.25
4. Scores on a university exam are normally distributed with a mean of 78 and SD of 8. The professor teaching the class ddeclaires that a score of 70 or higher is requiredd for a grade of at least 'C'. Using R, the area under the standard normal curve corresponding to Z<-1.62 is
a) 0.9956
b) 0.0044
c) 0.9474
d) 0.0526
5. Scores on a SAT verbal test in recent years follow approximately the N(515,109) (I DONT KNOW WHAT THAT MEANS). The proportion of students scoring between 460 and 550 is closest to
a) 0.681
b) 0.309
c) 0.319
d) 0.626
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..
Explain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Draw the production possibility curve and a. Define consumer surplus and producer surplus.
The Australian government administers two programs that affect the market for cigarettes
How many tickets to sell to maximize total welfare.
The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled
Depict the von Neumann-Morgenstern utility index u in a diagram
What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution
Calculate gross national product and net national product
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd