If a sample of size 30 is selected, the value of A for the probability P(t> A) = 0.01 is: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.
Q: On the market of good Y there are 100 identical consumers. Each consumer has a demand function…
A: In two part tariff, a fixed is charged equals to the consumer surplus and per unit price is equals…
Q: In Country X he population 100 people, of which 50 are working, 10 ae looking for wok Sare too young…
A: Given: Population = 100 people Employed = 50 People who are looking for work = 10 Younger People…
Q: What is the most effective monetary policy tool that the Federal Reserve uses? a) Open market…
A: The economies and the nations around the globe are involved in the economic as well as financial…
Q: Explains it correctly Q)Any situation where quantity supplied does not equal quantity demanded…
A: The point where the quantity demanded of a good is equal to the quantity supplied is known as the…
Q: The following regression was run using a sample of 587 women living in Kenya. The variable goats is…
A: The regression states that the relationship between the mean value of one variable (dependent)…
Q: Suppose the cost function for a firm is given by C(Q) = 100 + Q2. If the firm sells output in a…
A: A perfectly competitive firm is a price taker, which means it takes the price determined by market…
Q: If Tim borrows $600 from a payday loan operator and has to pay S775 at the end of 1 month, how much…
A: First, we need to find out the monthly interest rate and need to apply the same for a year on the…
Q: The information needed by health care organizations (such as commercial insurers) is often quite…
A: A health information system (HIS) is a healthcare data management system. These systems aid in the…
Q: the uninflated present wort is 3000 in two years is 2308. what is the rate of inflation if the real…
A: Hyperinflation is the loss of purchasing power of a currency over time. The rate at which a basket…
Q: Monopolistic Competition has a little of monopoly and a little of competition, hence its name. Do…
A: Monopolistic competition is imperfect competition market.
Q: Under the new incarnation or the Phillips curve (where inflation is persistent). derive the natural…
A: Phillips Curve is defined as a curve which states a relationship between inflation and unemployment.…
Q: Price ($)Quantity Demanded Quantity Supplied 200 26,000 12,000 23,000 20,000 245 16,000 290 20,000…
A:
Q: Which feature is found in a customs union but not a free trade area? (Pick either a,b,c, or d) a)…
A: A customs union basically refers to an agreement between two or more nearby nations to minimize…
Q: Describe each actor in the market (i.e. what assumptions are made about them; what side of the…
A: The labor market is defined as the supply and demand for labor, with employees supplying the supply…
Q: What is the future value of $4500 per year for 10 years invested at 5%? * a. $56,600 b. $7,330 c.…
A: An annuity is the fixed amount of money invested at each time period. The time period could be…
Q: What is the main purpose of the Federal Reserve Bank's regulatory oversight of banks? to maximize…
A: The central bank of the United States which was being created by Congress which is also known as the…
Q: In a classroom election, two presidential candidates, namely, Lisa and Teddy, both garnered the same…
A: In the given situation, there are two players, player T and player L, who have won by same number of…
Q: Required information Problem 17.037 DEPENDENT MULTI-PART PROBLEM - ASSIGN ALL PARTS Determine the…
A: The MACRS, or, Modified Accelerated Cost Recovery System is defined as the system of depreciation…
Q: Table 17-1 Imagine a small town in which only two residents, Celia and Venya, own wells that produce…
A: The Nash equilibrium is a situation in which each player chooses an optimal strategy given the…
Q: Assume MPC = 0.9, MPM = 0.3 and the Keynesian expenditure multiplier is 2, then the MPT must equal…
A: "The keynesian expenditure multiplier measures how a change in private consumption spending,…
Q: Explain how the level of transactions costs influences the choice of the appropriate legal rule for…
A: Transaction costs indicate the labor required to bring a product or service to market. It has…
Q: The government plans to stimulate the economy and is considering which of the two policies would…
A: Fiscal policy is the government policy which is used to control inflation and recession an an…
Q: U3. Fast forward a decade beyond the situation in Exercise S3. Yuppietown's demand for bread and…
A: Given information Q1=8-P1-0.5P2 Q2=16-0.5P1-P2 MC of loaf of bread=$1 MC of pound of Cheese=$2
Q: If national income Y = 10,000, disposable income Yd = 8,000 , consumption is C = 7,500, transfer %3D…
A: Disposable income is total personal income minus current income taxes. In national accounts…
Q: . Distinguish between a private nuisance and a public nuisance. What type of remedy is likely to be…
A: m. Distinguish between private nuisance and public nuisance (1) Public Nuisance is a crime, as per…
Q: Assume that JMD $1.00 is equivalent to GYD $2.00, suppose that the GYD depreciated by 10%, what is…
A: The measure that depicts the value of one currency being measured in terms of another currency for…
Q: Which of the following policies does not shift the aggregate supply curve to the right?
A: (1) The aggregate supply (AS) curve depicts the total supply of goods and services at each price…
Q: We are given the market information of pizza as below: a)Define the market demand equation and…
A:
Q: After graduation, you enter salary negotiattons for your first job. Suppose the potentlal employer…
A: Give game has perfect information so we can use the backward induction.
Q: How much approx., would be the FW of P30,000 be worth after 50 years if a rate of 10%/yr (compounded…
A:
Q: Which of the following statements in relation to monetary policy is false? The monetary transmission…
A: In an economy, monetary policies refers to the action of the Central Bank of an economy to influence…
Q: An asset is purchased for 9,000. It estimated economic life is for 10 years after which it will be…
A: Cost=9000 Scrap value=1000
Q: A manufacturer produces gizmos at a cost of P5 each. The manufacturer computes that if each gizmo…
A: Profit maximization refers to a situation in which a firm is getting maximum profit at producing at…
Q: Should the government be involved to create more equality in income disparities
A: Income disparity is the way unevenly income is disseminated all through a populace. The less…
Q: We are given the market information of pizza as below: a)Define the market demand equation and…
A:
Q: The Fed can put more reserves into the banking system by: 1) Purchasing government securities 2)…
A: "Federal Reserve is the central bank which influences the amount of money and credit in the U.S.…
Q: 20) A town has several factories that release 250 tons of air pollutants. The town determines that…
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…
Q: 1. Use the graph below to answer the following questions: BB, (G. BB, (G,. t,) F D. 5300 5000 Real…
A: Given information BB0 and BB1 represented budget line Budget Line=T-G +ve on vertical axis…
Q: Market Structure and Demand ATC Quantity are the elasticity of a monopolistic competitor's demand…
A: Disclaimer- “Since you have asked multiple question, we will solve the first three question for you…
Q: For an IS/LM model of an economy with the following equations: C = 200 + 0.8Yd I = 220 – 25i G…
A: IS-LM In the IS LM curves of equilibrium, (IS) is the goods market and (LM) is the money market.…
Q: 2. (a) Given the marginal propensity to import M'(Y) = 0.1 and the information that M = 20 when Y =…
A: Answer: (a). Given, Marginal propensity to import M'Y=0.1At Y=0, M=20 Let us integrate both sides of…
Q: In 2017, the median price of electric vehicles in the US was 64.300 thousand dollars/car and 199.826…
A: Answer: Given, Price of vehicles in the US in 2017 = 64.300 thousand dollars/car Car sold = 199.826…
Q: 3) Jack's Labor Demand Problem Jack hires craftswomen like Jane to help produce widgets. Jack acts…
A: Monopsony is defined as the market condition where there is a single buyer, known as the…
Q: QUESTION 1. Over dinner, your friend mentions an article about a population explosion in Malaysia…
A: The Heckscher-Ohlin model is a theory of economics that states that nations should export what they…
Q: real business cycle theory suggest that _______ not important in explaining short-term fluctuations…
A: The Real business cycle theory states that the fluctuations in the economy are largely explained by…
Q: A child’s grandparents have opened a ₱60,000 savings account for the child on the day of her birth.…
A: Compound interest (also known as compounding interest) is interest calculated on a loan or deposit…
Q: For the independent nation Eireland in 2019, if GDP = €356.1bn, C = €111.6bn, G = €34.8bn, X =…
A: Gross domestic product is the market value of final goods and services produced in an economy. It is…
Q: compare and contrast the function of money in colonial and non-colonial economies
A: Money is the currency or coins that is controlled by the Federal Reserve of a country. It means the…
Q: In the different components of Aggregate Expenditure, Transfer payments are accounted for in: O…
A: Transfer payment:- The transfer payment is wherein a person receives funding but receives no…
Q: which market structure is able to arise? a) oligopoly b) monopolistic competition <) monopoly d)…
A: Disclaimer“Since you have asked multiple questions, we will solve the first question for you. If you…
Step by step
Solved in 2 steps
- The proportion of vehicles which drive above the speed limit on a freeway is 85%. Suppose 100 vehicles are randomly clocked. 20 If each speeding vehicle is issued a $185 speeding ticket, the expected value of the ticket amount is $________. a $15,725 b $14,560 c $13,480 d $12,485A company that manufactures and sells T-shirts for sporting events, is providing shirts for an upcoming tournament. Each shirt will cost $7 to produce and will be sold for $13. Any unsold shirts at the end of the tournament can be sold for $5 apiece in the near future. The company assumes the demand for the shirts will be 1,500,3,000,4,500, or 6,000. The company also estimates that the probabilities of each of these sales levels occurring will be 20%, 25%,25%, and 30%, respectively. Determine the expected monetary value of the project if the company chooses to print 4,500 shirts for the tournament. The expected monetary value is---- (Type a whole number.)An investor considers investing $17,000 in the stock market. He believes that the probability is 0.22 that the economy will improve, 0.42 that it will stay the same, and 0.36 that it will deteriorate. Further, if the economy improves, he expects his investment to grow to $23,000, but it can also go down to $11,000 if the economy deteriorates. If the economy stays the same, his investment will stay at $17,000. What is the expected value of his investment?
- Your company has a customer list that includes 3000 people. Your market research indicates that 90 of them responded to the coupon. If you send a coupon to ONE customer at random, what’s the probability that he or she will use the coupon? Group of answer choices 3%. 9%. 30%. 90%. None of the above.Each object in a population is red (R) or green (G)o and is type A,B, or C. Consider the random selection of one object form this population. Find each probability. A B C R .16 .20 .24 G .18 .10 .12 d) P(B or R) = e) P(R and C)= f) P(C and R)=Your production line has an automatic scanner to detect defects. In recent production, 2% of items have been defective. Given that an item is defective, the scanner has a 90% chance of identifying it as defective. Of the nondirective items, the scanner has a 90% chance of identifying it correctly as nondirective. Given that the scanner identifies a part as defective, find the conditional probability that the part is truly defective.
- Please do not give solution in image format thanku Two Manufacturers supply food to a large cafeteria. Manufacturer A supplies 40% of the soup served in the cafeteria, while Manufacturer B supplies 60% of the soup that is served. 3% of the soup cans provided by Manufacturer A are found to be dented, while 1% of the cans provided by Manufacturer B are found to be dented. Given that a can of soup is dented, find the probability that it came from Manufacturer B.Applied Machines produces large test equipment for integrated circuits. The machines are made to order, so the production rate varies from month to month. Before shipping, each machine is subject to extensive testing. Based on the tests the machine is either passed or sent back for rework. During the past 20 months the firm has had to rework the following numbers of machines: (given) Consider the example of Applied Machines presented above. Based on the estimate of the probability that a machine is sent back for rework computed from the 20 months of data, determine the following:a. If the company produces 35 machines in one particular month, how many, on average, require rework?b. Out of 100 machines produced, what is the probability that more than 20 percent of them require rework? (Use the normal approximation to the binomial for your calculations).If the joint probability is given by: x + y f(x, y) = 30 for a = 0, 1,2, 3; y = 0, 1,2, find P(X + Y = 4).
- Anticipated consumer demand in a restaurant for free-range steaks next month can be modeled by a normal random variable with mean 1,200 pounds and standard deviation 100 pounds. a. What is the probability that demand will be between 1,100 and 1,300 pounds? Calculate in 4 decimal place. b. The probability is 0.10 that demand will be more than how many pounds?The time taken to complete a bicycle race is normally distributed, with anaverage time (μ) of 2.25 hours and a standard deviation (σ) of 0.65 hours.What is the probability that a randomly selected cyclist will: Q.7.3.1 Take between 2.75 and 3.15 hours to complete the race? Interpretyour answer. Q.7.3.2 Take between 2.05 and 2.15 hours to complete the race? Interpretyour answer.If the heights of women are normally distributed with a mean of 64 inches and a standard deviation of 1 inch, the probability of randomly selecting a woman smaller than 62.5 inches is