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Many manufacturing problems involve the matching of machine parts, such as shafts that fit into a valve hole. A particular design requires a shaft with a diameter of 22,000 mm, but shafts with diameters between 21.990 mm and 22.010 mm are acceptable. Suppose that the manufacturing process yields shafts with diameters normally distributed, with a mean of 22.002 mm and a standard deviation of 0.005 mm. For this process, what is
a. the proportion of shafts with a diameter between 21.99 mm and 22.00 mm?
b. the probability that a shaft is acceptable?
c. the diameter that will be exceeded by only 2% of the shafts?
Calculate the equilibrium price and quantity that will prevail in a free market and calculate the price elasticity of demand and the price elasticity of supply at the equilibrium.
The following represents the potential outcomes of your first salary negotiation after graduation:Assuming this is a sequential move game with the employer moving first, indicate most likely outcome. Does the ability to move first give the employe..
A formal study of 3-branches of government and the way they effect intergovernmental relations necessarily focuses on executive, legislative, and judicial branches.
In a separate group discussion board, present two arguments. The first should argue in favor of the proposed merger, from the perspective of the firms. The second agrues against the proposed merger from the perspective of the broader public intere..
Identify a person in an organization, or event(s) that should be given credit for the relatively low, stable rate of inflation we've had in the United States since the late 1980s?
you are the oil minister of one of 5 key opec countries. the world demand for oil can be reduced to q 100 - p and
How does the Heckscher-Ohlin theory differ from Ricardian theory in explaining international trade patterns and the theory demonstrates how trade affects the distribution of income within trading partners. Explain.
suppose you have just been appointed to a high level position in the economic analysis unit of the state department.
1. if there is a constitutional requirement to maintain a balanced budget then during a recession when tax revenues are
Determine the maximum number of lbs. of butter the economy can produce and
Suppose that Dent Carr's long-run total cost of reparing s cars per week is c(s) = 2s^2 + 50. If the price he receives for repairing a car is $8, then in the long run, how many cars will he fix per week if he maximized profits?
question 1 growthistan has a very technologically advanced neighboring country techistan whose initial level of
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