Find the equation of the ppf between a and s
Johnny Appleseed has an orchard with the 1000 trees. Each tree can either form α pound of apples or the σ pounds of apple sauce. Find the equation of the PPF between A and S by using the symbols A for apple and S for apple sauce.
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Each child born to a particular set of parents has probability 0.25 of having blood type O. If these parents have 3 children. Define the variable O to be the number of blood type O in the children.
What price would Potomac have to charge to sell the same number of units it did before the Spring City price cut if the Potomac knows that the arc price elasticity of demand for its ovens is -3.0?
Assume you are considering two normal populations with unknown means and respectively. Variances are known to be and respectively. Demonstrate how you would test the following hypothesis against the two-sided alternatives
For a linear regression prove that the calculated regression coefficients with an intercept term are identical to those obtained for the same linear regression equation without an intercept term, but for which all variables are replaced by deviati
Blood tests for virus are 99.9% accurate when given to some-one infected and 99.99% accurate when given to someone not infected. Determine the probability that a random adult not in a high-risk group will test positive for the HIV virus?
Spike is not a terribly bright student. His chances of passing chemistry are 0.35; mathematics, 0.40; and both, 0.12. Determine the probability that he fails both subjects?
Sketch indifference curve for the case where she is a saver. In a dashed line on the same figure, draw the indifference curve for the case where there is no access to borrowing or savings. In which is utility higher? How do we know?
Describe the appropriate null and alternative hypotheses, in words and in symbols. Calculate the test statistic and p-value. Would you reject the null hypothesis at the .10 significance level? Explain.
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