This module provides an overview of Hypothesis Testing of Single Mean and Single Proportion as a part of Collaborative Statistics collection (col10522) by Barbara Illowsky and Susan Dean.
Rebecca and Matt are 14 year old twins. Matt’s height is 2 standard deviations below the mean for 14 year old boys’ height. Rebecca’s height is 0.10 standard deviations above the mean for 14 year old girls’ height. Interpret this.
Matt is 2.1 inches shorter than Rebecca
Rebecca is very tall compared to other 14 year old girls.
The next three exercises refer to the following information: Ninety homeowners were asked the number of estimates they obtained before having their homes fumigated.
= the number of estimates.
Rel. Freq.
Cumulative Rel. Freq.
1
0.3
2
0.2
4
0.4
5
0.1
Complete the cumulative relative frequency column.
Calculate the sample mean (a), the sample standard deviation (b) and the percent of the estimates that fall at or below 4 (c).
Lee bakes pies for a small restaurant in Felton, CA. She generally bakes 20 pies in a day, on the average. Of interest is the num.ber of pies she bakes each day
Define the Random Variable
.
State the distribution for
.
Find the probability that Lee bakes more than 25 pies in any given day.
Six different brands of Italian salad dressing were randomly selected at a supermarket. The grams of fat per serving are 7, 7, 9, 6, 8, 5. Assume that the underlying distribution is normal. Calculate a 95% confidence interval for the population mean grams of fat per serving of Italian salad dressing sold in supermarkets.
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
When MP₁ becomes negative, TP start to decline.
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 •
Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 •
Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
ok
Shukri
how do you save a country economic situation when it's falling apart
Economic growth as an increase in the production and consumption of goods and services within an economy.but
Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
thank you so much 👍 sir
Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has
The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50.
A,Calculate quantities of x and y which maximize utility.
B,Calculate value of Lagrange multiplier.
C,Calculate quantities of X and Y consumed with a given price.
D,alculate optimum level of output .
