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a broadcasting executive is reviewing the prospects for a new television series,according to her judement , the probability is 0.25 that the show will achieve a rating higher than 17.8, and the probability is 0.15 that it will achieve a rating higher than 19.2. If the executive's uncertinity about the rating can be represented by normal distribution , what r the mean and variance of the distribution?
Compute the price elasticity of demand for pies at the firm's mean price: ($7.50) and mean weekly sales quantity (20,000 pies). Next, compute the cross-price elasticity of demand. Comment on these estimates.
The first payment is due one year from today. The government plans to invest the funds until the final payment is collected and then donate the entire amount, including investment earnings, to a national health center.
Suppose that Mensa Inc. is a representative firm operating in a perfectly competitive industry. Mensa's total cost of production, TC, is given by the equation TC = 5,000 +5q2, where q is Mensa's output. How much profit does Mensa make at that outpu..
The Exxon dividend was not an annualized amount, it gradually increased every year. Assuming the annualized portion was $2.30 per year and the value today of the dividend after 20 years is $102 assuming a compounded annual interest rate
Mr. Ram finds that the tickets booth should offer 30% rather than 50% discounts to maximize revenue. what does this say about demand elasticity at; a ticket's face value price; at a 50% discounted price
Casper consumes cocoa and cheese. Cocoa is sold in an unusual way. There is only one supplier, and the more cocoa you buy from him, the higher the price you have to pay per unit. In fact y units of cocoa will cost Casper y2 dollars.
Consider the simple linear regression model without an intercept, y = ß1x + u, with the assumption E(u|x)=0. Also assume that E(x)=0 Show that E(y)=0 and using this as well as E(x)=0 show that the covariance between x and y is given by E(xy) and t..
How do you find AP, MP, TVC, TFC, TC, AVC, AFC, and ATC if the problem gives you a list of # of people doing the labor, quantity produced, fixed costs, and wage rate for example, wage rate is $100 a day, firm has $200 in fixed costs.
Suppose the Federal Reserve Bank decides at its next FOMC meeting to raise the federal funds rate from around 0% to .25%. With the aid of a diagram, carefully explain how they will go about implementing this policy.
what is the maximum price you will pay for a bond with a face value of $1,000 and a coupon rate of 14% paid annually, if you want a yield to maturity of 10% Assume that the bond will mature in 10 years and the first payment will be received in one..
The forecasting staff for the Prizer Corporation has developed a model to predict sales of its air-cushioned-ride snowmobiles. The model specifies that sales S vary jointly with disposable personal income Y and the population between ages 15 and 4..
Assuming that all firefighters must be at least 67 inches tall, how does this height restriction affect the wage the city must pay to attract five firefighters, and how does the restriction affect the gender composition of employment
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