24. Autos arrive at a tollbooth located at the entrance to a bridge at the rate of 50 per minute he 5:00-6:00 pm hour. If an auto has just arrived, a. what is the probability that the next auto arrives within 3 seconds? b. what is the probability that the next auto arrives within 1 second? c. what is the probability that the next auto arrives in more than 4 seconds?
Q: Suppose that the following equations describe goods and money market equilibrium (symbols are as…
A: IS curve depicts the combination of interest rate and equilibrium output which clears the goods…
Q: The economy of country A has two sectors: wheat-growing, and flour-making. In 2015, the wheat…
A: GDP is the value of final goods and services produced in the economy within a given period of time.
Q: Year 1998 1999 2000 2001 2002 Prin 176 125 150 140 160
A: An index number is a factual gadget used to communicate cost changes as a level of costs in a base…
Q: Question 17 What is the marketspace? Use the editor to format your onswer
A: The market space in marketing is characterized as a virtual market place in the commercial world,…
Q: w many years vage value is
A: *Answer:
Q: 1
A: The aggregate demand curve shows the negative relationship between the price level and the total…
Q: With a current inflation rate of 1.8%, Real GDP = $23,450, and Potential Real GDP = $22,900, what is…
A: To find the federal fund rate, use the below formula. Federal Fund Target Rate = Inflation rate +…
Q: Question 10 Which of the following explains "market failure" (or non-viability or the "death…
A: Since you have asked only question 10, i'll solve question no. 10 for you... If you want any…
Q: Find an example where an International Risk is realized. Describe what happened, how the issue was…
A: Market risk is the risk of losing money as a result of factors that affect a whole market or asset…
Q: Nadya is worried about poor people disproportionately exposed to pollution. She suggests the model…
A: Problem Recognition Poor people are disproportionately exposed to pollution. Pollution is adversely…
Q: From the standpoint of any given EU member country what are the potential advantages of adopting the…
A: Advantages The euro has several advantages, including facilitating trade, boosting investment, and…
Q: Suppose the aggregate demand (AD) and short-run aggregate supply (AS) schedules for an economy whose…
A: Equilbrium occurs at the intersection point of AD and AS. An increase in aggregate demand shifts…
Q: EXERCISE 11.6 Suppose capital and labour are perfect complements in a wage to-one ratio. That is,…
A: Rental price is the quantity that could be paid for rental of similar actual assets withinside the…
Q: Which one of the following is not a major source of funds for the U.S. federal government? Multiple…
A: Individual income taxes account for around half of all government revenue. Another 36% comes from…
Q: Explanation it correctly and details Q)Suppose that economists observe than an increase in…
A: Crowding out is a situation when there is a reduction in private investment spending due to an…
Q: Side 24 A government wishes to reduce air pollution with SO2 through taxes or emission permits.…
A: Protecting the environment is an issue of ethics, morality, and sustainability for many…
Q: On Juan's twenty-sixth birthday, he invested $7,500 in a retirement account. Each year thereafter,…
A:
Q: In the last year there has been a significant increase in the inflation rate in Canada. Use the…
A: Keynesian Transmission Mechanism is defined as the mechanism which which shows how the changes in…
Q: 4B. Which one(s) of the following functions v(x, y) = 2x°y³ – 100, w(x, y) = 3(x+ y) +120, t(x, y) =…
A: * SOLUTION :- 4(B)
Q: Economics Find an example where an International Risk is realized. Describe what happened, how the…
A: The danger of losing money due to variables that influence a whole market or asset class is known as…
Q: The Canadian tax system is often used to achieve various economic objectives, give examples to…
A: In Canada and the United States, administrations of all statuses play an important role. they…
Q: Which of the following statements is not true? a. Globalization is a process driven by international…
A: Note:- Since we can only answer up to three subparts, we'll answer the first three. Please repost…
Q: A small VolP provider borrowed $1.5 million for new equipment and repaid the principal of the loan…
A: The information given is as follows:- Loan amount = $1.5 million Interest paid = $225,000 Time…
Q: . Refer to the expanded table below from review question 8. LO3.4 a. What is the equilibrium price?…
A: Equilibrium occurs at the intersection point of the demand and supply curve. i.e., At equilibrium,…
Q: 2. Real versus nominal GDP Consider a simple economy that produces two goods: pencils and envelopes.…
A: GDP is the value of final goods and services produced in the economy within a given period of time
Q: 5. Compare the alternatives shown on costs using an interest rate of 15% per year. the basis of…
A: Capitalized cost refers to the cost that is assed to the cost for a fixed asset in a balance sheet…
Q: In Minsky's theory, all other things being equal, greater measures of leverage in investment result…
A: Keynes' investment theory of the cycle, according to Minsky, is incomplete because it does not…
Q: Assume the MPS is 0.25. Assuming only the multiplier effect matters, a decrease in government…
A: MPS=1-MPC Change in GDP=∆Y=11-MPC×∆government purchases=1MPS×∆government purchases In this…
Q: Which of the assumptions of comparative advantage seem unrealistic? Fixed technology and imperfect…
A: Trade is defined as the exchange of commodities and services across the boundary of the country.
Q: Question 4 The three basic arguments that support employment at will include all of the following…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: An economic model based in positive economics should be judged Select one: O A. by its ability to…
A: In an economy, a statement is said to be a positive statement when it gives direct meaning and based…
Q: 6. Suppose that demand and supply of apples are described by the following equations: P = 100 - 3Q…
A: equilibrium price and quantity refers that when the demand and quantity meet at particular price ,…
Q: 2. A company has five salespeople and 100 sofas to sell each day. Salespeople get $ commission for…
A: Given information: Number of salespeople = 5 Sofas to sell each day = 100 Commission to sell first…
Q: As long as a country has high GDP growth rate, it can be categorized as an emerging market economy.…
A: Emerging market economies are those economies that are into a transition period, and moving toward…
Q: Outintag imposting busikess) produchton and teceurical. produchion. (as a Koming up outline kould…
A: Information security events, cyber attacks, password theft, service disruptions, and other…
Q: According to Jason Hickel how do rich countries de-develop?
A: They can de-develop, according to Hickel, by limiting economic growth and abuse, which leads to…
Q: nations that dependent on core countries for capital. are Internal areas Peripheral External areas…
A: When analyzing the nature and features of different countries, it can be seen that some of the…
Q: Suppose two consumers, Jack and Suzy, have identical utility functions defined for pencils (P) and…
A: The contract curve in an Edgeworth box basically refers to the collection of tangency points between…
Q: Alibaba is a Chinese e-commerce firm similar to Amazon.com in the United States. It has increased…
A: Sales refer to the process of exchanging goods or services for money. The producer or seller of the…
Q: A police department must conduct 100 interrogations every month. Interrogations can be done by…
A: Let the good cops be X and the bad cops be Y. Px = 20000Py = 40000 Q = 100
Q: What is the strong stationarity principle of a time series?
A:
Q: 7. Game Theory Alice and Bob playing the following 2x3 game. In the payoff matrix below, Alice's…
A: Irrespective of what other player chooses, a dominanted strategy gives the minimum payoff to a…
Q: An industry "cluster" arises because of the increase of productivity of the firms participating in…
A: An industry "cluster" refers to many industries popping up at the same place i.e. nearby each other…
Q: USA Today noted that the destruction caused by three 2004 hurricanes, combined with the already high…
A: A demand curve is a graphic representation of the connection between the customer demand for a good…
Q: 19. Hospital Noise Levels Noise levels at various area urban hospitals were measured in decibels.…
A: * SOLUTION :- (19) From the given information the answer is provided as below as ,
Q: 1. There are two mobile phone firms operating in a market; FF (Firm 1) and Wodaphone (Firm 2). The…
A: In this question:- market demand=P=75-0.5Q1+Q2 Total cost of two firms:- firm 1=30Q1 firm 2=30Q2 so…
Q: 4. Calculate the price elasticity of demand along the demand schedule below and indicate whether…
A: Price elasticity of demand is a measurement of the change in consumption of a product in relation to…
Q: Firm 1 and Firm 2 are in a duopoly, earning each annual profits of £10 million per year. Firm 1…
A: Firm 1 and Firm 2 are in a duopoly, earning an annual profit of £10 million per year. Firm 1 could…
Q: Hospital has the following treatment options to reduce the incidence of Ventilator-Associated…
A: Rational Individual refers to the person that chooses or takes decisions depending on the situation,…
Q 2
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images
- The project manager of Good Public Relations gatheredthe data shown in Table 7.15 for a new advertisingcampaign.a. How long is the project likely to take? b. What is the probability that the project will take more than38 weeks?c. Consider the path A–E–G–H–J. What is the probability thatthis path will exceed 38 weeks?9. The probability of a woman having a baby boy is 50% and that of having a girl is also 50% What is the probability that a woman who has three children will have three boys? of T. 10. Lebo has 3 blue pens, 2 red pens, 5 black pens and 2 pencils in his pencil case. a. What is the probability that he takes a black pen? b. What is the probability that he takes an item that is not a black pen? 11. One card is drawn from a deck of 52 cards. What is the probability that the card will be a. red or an ace? b. a king of hearts? Samsung Quad Camera Shot with my Galaxy. A2.1sWhen playing roulette at a casino, a gambler is trying to decide whether to bet $10 on the number 30 or to bet $10 that the outcome is any one of the three possibilities 00, 0, or 1. 3 The gambler knows that the expected value of the $10 bet for a single number is - 53¢. For the $10 bet that the outcome is 00, 0, or 1, there is a probability of 38 of making a net profit of $30 and a probability of losing $10. 35 38 a. Find the expected value for the $10 bet that the outcome is 00, 0, or 1. b. Which bet is better: a $10 bet on the number 30 or a $10 bet that the outcome is any one of the numbers 00, 0, or 1? Why? a. The expected value is $. (Round to the nearest cent as needed.) b. Since the expected value of the bet on the number 30 is C than the expected value for the bet that the outcome is 00, 0, or 1, the bet on is better.
- 5.100 Tossing a die. You are tossing a balanced die that has probability 1/6 of coming up 1 on each toss. Tosses are independent. We are interested in how long we must wait to get the first 1. (a) The probability of a 1 on the first toss is 1/6. What is the probability that the first toss is not a 1 and the second toss is a 1? (b) What is the probability that the first two tosses are not 1s and the third toss is a 1? This is the probability that the first 1 occurs on the third toss. 4 (c) Now you see the pattern. What is the probability that the first 1 occurs on the fourth toss? On the fifth toss?15. A city mayor decides to construct a new bridge over the major river in the town. The estimated life of such a structure will be 20 years. There is a 70% probability that the total initial costs (consulting fees and construction) will be $800,000 and a 30% probability that such costs would be $1 million. There is 100% probability that the maintenance costs would be $30,000 every 5 years. How much money should the city borrow now in order to carry out the entire project including maintenance? The interest rate is 5%.12. Over the last decade, robotic-drone a research and development company has researched in new drone technology for home delivery. Their sales department considers that they could sell as many as $90 million per year with a probability of 20%. With a most likely value of $76 million with a probability of 45% and a lowest value of $50 million. a. Determine the expected value of their sales. b. The sales department estimates that they could maintain this sales rhythm for 4 years with a probability of 67% or that this sales rhythm could be maintained for 8 years. Determine the Expected Value for the PW if the company considers a yearly interest rate of 10%
- Bob earn 60,000 a year and an accounting firm each year he receives Reyes Bob has determined that the probability that he receives a 10% raise is .7 the probability that he earns a 3% raise is .2 and the probability that he earns a 2% raise is .1 a competing company has offered Bob a similar position for 65,000 a year Bob wonders if he should take the new job or take his chances with his current job. a. Find the mathematical expectation of the dollar amount of his raise at his current job b.what is the riskAccording to the Intern al Revenue Service, the mean tax refund for the year 2014 was $2800 Assu me the stan dard devlation I6 $450 an d that the amounts 1etunded follow a normal probability distribution. a. What percont of the refunde aro more th an $3,100? (Round the Intermediate velues to 2 decimal places. Round your answer to 2 decimal places) Percert 0.25 % b. What percent of the refun ds are more th an $3,100 but less th an $3.500? (Round the intermediete values to 2 dec imal places Round your ans wer to 2 decimal places) Peroert c. What percent of the retun ds are more th an $2,250 but less than $3.500? (Round the inter mediate val ues to 2 decimal places Round your answer to 2 decimal places) Peroart
- Decisions Involving Uncertainty - End of Chapter Problem You're a project manager overseeing five teams that are developing a new app. Each team must complete their work by July 1 in order to release the app by the end of the year. Based on your work managing the project, you know that each team has about a 75% chance of meeting the deadline. a. The probability that your firm will complete the project by the end of the year is b. Suppose that before you calculate the probability of completing the project, you walk into a weekly status meeting with the CEO. When she asks you for your "gut feeling" about the probability of finishing the project by the end of the year, you respond with an answer that exhibits the anchoring bias. Your response will likely be, "About 70%." "About 90%." "About 25%."Question in economics statistics: The probability that a management trainee will remain with a company is 0-60. The probability that an employee earns more than Dollar 10,000 per month is 0.50. The probability that an employee is a management trainee who remained with the company or who earns more than Dollar 10,000 per month is 0.70. What is the probability that an employee earns more than dollar 10,000 per month, given that he is a management trainee who stayed with the company?5. Probability help me uhuhuhuh