Explain why does investment spending not equal saving
Explain why does investment spending not equal saving in the circular flow? Also, why does the consumer price index exaggerate the inflation rate?
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An IQ test is designed so that mean is 100 and the standard deviation is 24 for the population of normal adults. Find the sample size necessary to estimate the mean IQ score of statistics students such that it can be said with 95% confidence that
Find the coefficient on x10in each of the generating functions below.
Find the expected value (in dollars) of the amount won by one entry. Find the expected value (in dollars) if the cost of entering this sweepstakes is the cost of a postage stamp (34 cents)
An employer needs to attract a high skilled worker but does not wish to spend money and time on recruitment processes. She selects the first worker who can prove they were employed throughout the last five years.
Suggest all possible manners you could choose two numbers from pool of numbers that only equally likely contains 2, 3, 5, and 6. That is, if describe a random variable X for the possible number, X has the following probability model:
Describe the new insight you have on the behavior you described above by using what you now know about the field of behavioral economics.
When parking a car in a downtown parking lot, drivers pay according to number of hours or fraction thereof. The probability distribution of the number of hours cars are parked has been estimated as follows:
Explain how the limited self-interest of humans impacts their ability to maximize their welfare. If you project into the future, discuss what effects can be foreseen on future generations?
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