Estimate the percentage of all television
What sample size would be required to estimate the percentage of all television sets tuned to 60 Minutes at the 99% confidence level with an error margin of no more than 3%?
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How many books should you review to determine the mean age (in years) of all the books in the bookstore? Assume a 96% degree of confidence that the sample mean will be in error by no more than 0.10 year.
In a study of 700 randomly chosen New Yorkers, you estimated that 130 of them had the flu. Using 95% confidence level, you should report to the CDC the true percentage of all New Yorkers with flu. What do you report to the CDC?
At the 95% confidence level determine the mean time for this drill for the entire football team.
In the scientific poll conducted by Crazy Eddie's Polling Service, 1,000 voting age individuals were asked if two political parties in Congress could work together in solving the country's problems.
Illustrate how a change in the overtime rate may lead to a "big" change in the number of hours for which the consumer would like to work.
Determine the Marginal Rate of Substitution (MRS) among food and GoGV play? (e.g. the rate at which Dennis willing to exchange a meal for another hour of GoGV play?
Discuss what are some of the main advantages and disadvantages of the extensive financial and the commercial networks linking nations today?
What will happen to equilibrium price and quantity? Now suppose a 10% income tax is imposed. Discuss how does the income tax affect consumer and producer surplus?
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