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1. Suppose that if it is cloudy, the probability of rain is 0.3, and the probability of it being cloudy is 0.2. What is the probability that it is cloudy and raining?
Your answer must be precise to two decimal points.
2. The weight of a pumpkin is normally distributed with a mean of 10 kilograms and a standard deviation of 2.0 kilograms. There is a 75.17% chance that we would find a pumpkin that weighs more than what?
Write down the details of the solution
Discuss an event in your home city or state that brings new economic activity. It might be a major construction project, or major sporting event that occurs infrequently and brings a large number of people to your local area. Describe who benefits fr..
q1. the ceo of a major automaker overheard one of its division managers make the following statement regarding the
As a successful and grateful graduate of the CSUS College of Engineering & Computer Science, you endow the college $25,000. If the college gets 6% return on investments and wants to use the endowment to fund an annual scholarship for the next 25 year..
Visit the website for J. Hilburn. In 5 sentences, what advice on pricing can you offer Hil Davis? And discuss in 5 sentences how Davis should implement.
Write a paragraph should contemplate and discuss how you believe consumer equilibrium (& utility) may be related to the concept of elasticity. In other words, do you think that the elasticity of demand impacts the utility we get from consuming an ite..
When the polio vaccine first became available in the United States, the government controlled the price with an effective price ceiling. Production of the vaccine was not sufficient to fill all orders and the government had to regulate its distributi..
What are the broad empirical regularities associated with growth and development that modern theories of economic growth attempt to explain? Please Enumerate and describe briefly.
Illustrate what will the average total cost be after 1 unit is produced. Elucidate what impact does the dollar appreciation have on the firm's international competitiveness.
Indicate whether each of the following involves an upward or downward shift in the long run average cost curve or instead, involves a leftward or rightward movement along a given curve. Also indicate whether each will have an increasing, decreasing, ..
Given equipment price, E , what is the price of service in terms of E? Competition in the equipment market, however, drives the equipment manufacturer's long-run profit to zero. What is the price of equipment?
Determine the present worth of 5 equal annual deposits of $1,150 at the end of years 1 through 5, followed by 4 equal annual withdrawals of $700 at the end of years 4 through 7. Note that both years 4 and 5 will have a deposit and a withdrawal. Inter..
Daniel, a recent college graduate, is on his way home for the Christmas holidays from his new job. He gets caught in a snowstorm and is taken in by an elderly couple, who provide him with food and shelter. After the snowplows have cleared the roads, ..
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