Probability of never being blue given that neither is red
Suppose the box haves 5 blue balls, 4 red balls, and 6 white balls, and that we select two balls at random from the box.
Determine the probability of never being blue given that neither is red?
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You plan to buy a new car. The price is $30,000 and you will make a down payment of $4,000. Your annual interest rate is 10% and you intend to pay for the car over five years. What will be your monthly payment?
Stanley Roper has $2,100 that he is looking to invest. His brother approached him with investment opportunity that could give Patrick $4,800 in 4 years. What interest rate would the investment have to yield in order for Stanley's brother to delive
Suppose you are borrowing money to buy your first house that costs $250,000 and you go to the first bank you see, Big Attitude Bank, and they are charging 5% interest.
Determine two countries, the India and United States, producing two commodities, clothing and food. The United States needs one and a half hours of labor to form a unit of food and one hour to form a unit of clothing.
Suppose the box haves 5 blue balls, 4 red balls, and 6 white balls, and that we select two balls at random from the box. Determine the probability of never being blue given that neither is red?
Assume that you are a lender. The T-bill interest is 9%. You submit an offer to lend $1000 at 9.2% interest rate, and a borrower accepts your offer. How can calculate your gain or loss?
A monopolist serves market A with an inverse demand curve of P = 12 - Q. Another monopolist serves market B with an inverse demand curve of the P = 22 - 2Q.
Assume that the demand for betonies is given by the Q = 40 ? 0.5P, where Q is in tons of betonies per day and P is the price per ton. Betonies are produced by a monopolist at a constant marginal and average total cost of $10
Determine the total surplus at the profit-maximizing output level? American Girl doll has an inverse demand curve of the P = 150 - 0.25Q, where Q determines the quantity of dolls per day and P is the price per doll.
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