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For theology, we watched a documentary in class called "In God's Name", and it's about twelve most inspirational religious leaders and it reflects on 9-11. My teacher gave us two questions to answer a
What number of observations would be required in a time study in order to obtain a 95 percent confidence that the average time observed was no more than 0.6 minutes from the true mean, assuming a stan
In a particular telephone poll, useful information has been obtained on 40 percent of the calls. A pollster makes ten calls. What is the probability that At least four calls are productive? Six or mor
Co. produces guitars, out of 100 produced ea month only 80 are good, rest are scrapped. Guitars sell for $250, ea. guitar requires 10 labor hours, ea employee works 160 hrs per month, labor is $10/hr,
What are the advantages and disadvantages to have different economic policies at the provincial and federal level in canada?
Alternative One reduces wasted motion (walking) to 1% of total labor used on the assembly line. Physical lifting is reduced to no more then 12 pounds. Six people will be required on the assembly line.
Economic uncertainty and social pressures have caused the Russian birthrate in recent years to
An interactive television service that costs $10 per month to provide can be sold on the information highway for $15 per client per month. If a service area includes a potential of 15,000 consumers, w
A global strategy can be a problem for the international firm if it causes the firm to overlook important local or regional differences in areas such as personnel practices or customer tastes.
Suppose that usage of cooking oil at Harry's Fish Fry is normally distributed with an average of 15 gallons/day and a standard deviation of two gallons/day. Harry has just fired the manager and taken
A service garage uses 120 boxes of cleaning cloths a year. The boxes cost $6 each. Ordering cost is $3 and holding cost is 10 percent of purchase cost per unit on an annual basis.
A car rental agency uses 96 boxes of staples a year. The boxes cost $4 each. It costs $10 to order staples, and carrying costs are $0.80 per box on an annual basis.
A manager is reordering lubricant when the amount on-hand reaches 422 pounds. Average daily usage is 45 pounds, which is normally distributed and has standard deviation of three pounds per day. Lead t
A manager intends to order a new machine and must now decide on the number of spare parts to order along with the machine. The parts cost $400 each and have no salvage value. The manager has compiled
A firm stocks a seasonal item that it buys for $22/unit and sells for $29 unit. During the season, daily demand can be described using a Poisson distribution with a mean of 2.4. Because of the nature
Person #206 in the data set has the following characteristics: cigpric = 67.44, income = 6500, educ = 16, age = 77, restaurn = 0, white = 0, smoke=0. Compute the predicted probability of smoking for t
Again, start with the original model, but now allow wages to differ across four groups of people: married and black, married and non-black, single and black, and single and non-black. What is the esti
At what value of exper does the additional experience actually lower predicted log (wage)? How many people have more experience in this sample?
Estimate the model in part (i) but drop rbisyr. What happens to the statistical significance of hrunsyr? What about the size of the coefficient on hrunsyr?
Test the hypothesis that H0 : ß0 = 0 against the two sided alternatives. Then, test H0: ß1= 1 against the two sided alternatives. What do you conclude?
Are rent rates influenced by the student population in a college town? Let rent be the average monthly rent paid on rental units in a college town in the United States. Let pop denote the total city p
What is the predicted atndrte if priGPA = 3.65 and ACT = 20? What do you make of this result? Are there any students in the sample with these values of the explanatory variables?
growth = ß0 + ß1 share P + ß2 share I + ß3 share S + other factors,where growth is the percentage change in employment from 1980 to 1990, share P is the share of property taxes
What is the predicted ceteris paribus difference in salary for schools with a median GPA different by one point? (Report your answer as a percentage.)
A random sample of 104 executives was asked about their views on the economy. 40 percent said it would improve (the rest saying it would not improve).