Random and with replacement
An urn haves 3 red and 5 blue balls. Assume that 5 balls are chosen at random and with replacement. Determine the probability that the first 2 are red and the rest are blue?
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If an increase in the price of petroleum causes the market prices of tires to rise from $60 to $70, by what percentage would you expect the quantity of tires demanded to change?
For the t distribution with 48 degrees of freedom:
Compute the following for population of five cases: 50, 54, 55, 62, 67. Please show your work.
Identify a 95% confidence interval for the slope parameter B2. Is there strong evidence that B2 is greater than 0.65? Justify your answer using the level of significance alpha=0.05.
Almost all of the fourth-quarter increase in GDP wound up as unsold inventory sitting on shelves. GDP grew at a much faster 4.8% rate in the October-December quarter.
How much did it cost when the dollar value of the rupiah fell by 80 percent if a pound of U.S. pork cost 40 rupiah in Indonesia before the Asian crisis.
Describe the goals and motives behind the Utopian Socialist School. Discuss how did their vision differ from Marx's vision of the trajectory of society?
Discuss the major departure of the departure of the Marginal list School from the Classical Political Economists. Discuss how did it change the focus of economics and leave no room for political economy at the time?
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