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- A business wants to lower its price level to increase sales of its goods. However, for the price reduction to be beneficial, the increase in sales after the price decrease must be greater than 10%. After the business lowers its prices, it monitors its sales for 60 days and determines that the rate of increase in sales is 13% on average. Should the business maintain the low price level practice? What is the hypothesis and decision for α = 0.05? H0 : P ≤ 0.13 H1 : P > 0.13, Decision: Ho cannot be rejected. H0 : P = 0.10 H1 : P < 0.10, Decision: Ho is rejected. H0 : P = 0.13 H1 : P ≠ 0.13, Decision: Ho is rejected. H0 : P = 0.10 H1 : P ≠ 0.10, Decision: Ho cannot be rejected. H0 : P ≤ 0.10 H1 : P > 0.10, Decision: Ho cannot be rejected.Which of these coordinate points lies withing the feasible region? *Please help with iv v and vi with a step by step process on how we get the optimal tableau
- URGENT PLEASE ANSWER ASAP What is the null hypothesis given the way the solid green line is drawn on the graph?A college bookstore must order books two months before each semester starts. They believe that the number of books that will ultimately be sold for any particular course is related to the number of students registered for the course when the books are ordered. They would like to develop a bestfitting line to predict how many books to order. From past records, the bookstore obtains the number of students registered, X, and the number of books actually sold for a course, Y , for 12 different semesters.A scatterplot of the data along with the best fitting line is presented below. a. The correlation between the two variables is r = .89. Calculate and interpret the value of r2.b. The equation for the best fitting line is Y = 9.30 + 0.673X. Explain and interpret the value of 9.30.c. How many books should the store order for a class of 50 students? Would you trust this prediction?a pollster wnats to minimize the effect the order of the questions has on a person's response to a survey. how many different surveys are required to cover all possible arrangements if there are 9 questions on the survey?
- The number of people initially infected is? The number of people infected after 4 weeks is? The limiting size of the infected population is ?A farmer wants to decide which of the three crops he should plant on his 100-acre farm. The profit from each is dependent on the rainfall during the growing seasons. The farmer has categorized the amount of rainfall as high, medium, low. His estimated profit for each is shown in the table. If the farmer wishes to plant only one crop, decide which will be his choice using the EQUALLY-LIKELY rule, prove your judgement by comparing the average pay-offs for each crop. (Indicate the equally-likely pay-off in each crop, comparison and the right choice).With very clear steps
- Please explain why this statement is true or false:"In the two-period model, both the Current Account and the Trade Balance in period one improve with an anticipated increase in the endowment of period two (ΔQ1=0 and ΔQ2>0)''Use equations of the optimal allocation of consumption in periods 1 and 2, the trade balance in period 1, and the current account in period 1 to support your answer.Assume the following lifetime utility function: U(C1,C2)= ln(C1) +β ln(C2) and the subjective discounting factor is 0<β<1A farmer wants to decide which of the three crops he should plant on his 100-acre farm. The profit from each is dependent on the rainfall during the growing seasons. The farmer has categorized the amount of rainfall as high, medium, low. His estimated profit for each is shown in the table. If the farmer wishes to plant only one crop, decide which will be his choice using the EQUALLY-LIKELY rule, prove your judgement by comparing the average pay-offs for each crop. (Indicate the equally likely pay-off in each crop, comparison and the right choice).The Fast Track Ski Shoppe sells ski goggles during the four months of the ski season.Average demand follows: a. Calculate the deseasonalized sales and the seasonal index for each of the fourmonths.b. If next year’s demand is forecast at 1200 pairs of goggles, what will be the forecast sales for each month?
