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Periodically, Merrill Lynch surveys its customers to determine customer satisfaction levels. They want to determine the impact of experience on the satisfaction ratings of their consultants. The following are samples of survey ratings for two consultants:
Consultant A Consultant B
n 16 10
mean 6.82 6.25
s .64 .75
Test the assumption that Consultant A has higher satisfaction ratings at the 5% significance level. Show all steps.
what are the microeconomic encompasses
The law of supply is that producers will supply more the higher the price of the commodity. The supply curve is an upward sloping function showing a direct relationship among pric
#1 explain with the aid of diagram the effect of an increase in demand for palm oil on the equilibrum position for palm kernel
what is supply and demand
types of market competitions
Monopsony: Demonstrate (with a graph) how a minimum wage can increase both the wage and employment in a monopsony market even when the government sets th
1. The figure below is historical production data from the Kuparuk River field. The OOIP is 5,332,979 Mstb and cumulative recovery through 12/31/2004 is 1,971,200,654 stb.
Suppose a banking system with the following balance sheet has no excess reserves. Assume that banks will make loans in the full amount of any excess reserves that they acquire and
1. Through graphs describe the relationship between the price, P , and the average total cost, ATC , for a firm in perfect competition when it earns an economic profit; earns a n
the general characterictics of economic models,its limitations and verification
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