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It is assumed that the hazaed rate for a pressure valve is given by h(t)= 1/5+t.
1. What is the cumulative probability function of failure F(t)?
11. What is probability density function f(t) for failure at time t?
Q. Determination of variables in AS-AD model? Once Y and P are determined, all other endogenous variables would be determined as well. Interest rate is determined by money mark
Which of these variables are discrete and which are continuous random variables? a) The number of new accounts established by a salesperson in a year. b) The time between customer
Can you think of examples where the government does not intervene enough when it comes to consumer safety and product information? Examples where too much intervention is the case
The following table contains data on the relationship between saving and income. Rearrange these data into a meaningful order and graph them on the accompanying grid. What is the s
Differentiate between Nominal rate and real interest rates To distinguish the real interest rate from the "normal" interest rate, the latter is called the nominal interest rate
define business cycle
Illustrate the circular flow of income and expenditure according to their models ( classical and keynesian)
What impact will high and variable rates of inflation have on the economy? How will they influence the risk accompanying long-term contracts and related business decisions?
mention and explain four factors that determine the volume of production.
Define the term- inflation Inflation between two points in time is defined as the percentage increase of price index between these two points in time.
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