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Suppose the entire cola industry produces only two colas viz., Pepsi and Coke. Given that a person last purchased Pepsi, there is 90% that his next purchase will be Pepsi. Given
A pharmaceutical company is a monopoly in Alzheimer's disease drugs and faces the following inverse demand curve: , where α is the level of advertising. Its marginal production
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A study looked at the relationship between coronary heart disease (CHD) and coffee consumption in a group of 40-55 year old men. Among the 790 heavy coffee drinkers (at least 100 c
Important Characteristics of Data Center - The representative or average value which indicates where the middle of the data is located. Variation - the measur
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1. You have a regional country-year dataset over 10 years of 150 total observations, within this data you have 25 observations where the ruling party has lost power. (a) Assumin
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what are the importances of time series
Q. Example of Selection a Sample? Ans. Suppose a presidential election is approaching and many people are interested in knowing which candidate is most likely to win the v
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