Question

In: Statistics and Probability

Please Answer Fast If 7 percent of the workers in an area are unemployed , what...

Please Answer Fast

If 7 percent of the workers in an area are unemployed , what is the probability that in a sample of 150 workers more than 15 will be unemployed ? ( USE NAB ).Explain why you have applied Normal approximation to Binomial.

Solutions

Expert Solution

any query, please ask.if helpful, please rate positive


Related Solutions

Please answer fast 7. The average return for Firm A is calculated as 0.05 (5%) with...
Please answer fast 7. The average return for Firm A is calculated as 0.05 (5%) with a standard deviation of 0.03 (3%). The average return for Firm B is calculated as 0.15 (15%) with a standard deviation of 0.06 (6%). The covariance between returns in Firms A and B is equal to -0.0005. The return on the risk-free asset is 1%. Find the missing values in the table below and plot the portfolio frontier on a graph with portfolio expected...
Explain the difference between: discouraged workers, long term unemployed workers and underemployed workers
Explain the difference between: discouraged workers, long term unemployed workers and underemployed workers
The sectoral shifts hypothesis claims that A. there will always be a pool of unemployed workers...
The sectoral shifts hypothesis claims that A. there will always be a pool of unemployed workers who find jobs quickly (i.e., the frictionally unemployed). B. frictional unemployment will cause workers to extend their temporary lay-offs. C. there will always be a pool of unemployed workers who experience long spells of unemployment because their skills do not match those that employers are looking for (i.e., the structurally unemployed). D. cyclical unemployment will always exceed frictional unemployment. E. most unemployed workers will...
Create a new workbook in Excel. Please include an input area and an answer area for...
Create a new workbook in Excel. Please include an input area and an answer area for each problem. You will have an answer for each bullet point. Formatting is up to you. Just make sure it is easy to tell where your answers are, and what equation you used in excel to get the answer. 5. Assume you have won the lottery and have the choice of (1) receiving $1,000,000 now or (2) receiving $120,000 each year for 20 years....
Create a new workbook in Excel. Please include an input area and an answer area for...
Create a new workbook in Excel. Please include an input area and an answer area for each problem. You will have an answer for each bullet point. Formatting is up to you. Just make sure it is easy to tell where your answers are, and what equation you used in excel to get the answer. 2. If a 6.5 percent annual return can be expected: • How much would a 20-year old person have to put into a retirement fund...
Create a new workbook in Excel. Please include an input area and an answer area for...
Create a new workbook in Excel. Please include an input area and an answer area for each problem. You will have an answer for each bullet point. Formatting is up to you. Just make sure it is easy to tell where your answers are, and what equation you used in excel to get the answer. Assume a farmer has a choice of purchasing either a subsurface drip irrigation (SDI) system or a low energy precision application (LEPA) center pivot. The...
Create a new workbook in Excel. Please include an input area and an answer area for...
Create a new workbook in Excel. Please include an input area and an answer area for each problem. You will have an answer for each bullet point. Formatting is up to you. Just make sure it is easy to tell where your answers are, and what equation you used in excel to get the answer. Given the baseline gross receipts (no water restriction scenario) of irrigated cotton production versus the conversion of irrigated acres to dryland scenario, calculate the net...
QUESTION 6 Unemployed people don't work, but having idle workers
QUESTION 6Unemployed people don't work, but having idle workersfacilitates matching workers's skills to the tasks to be performed on jobsencourages worker exploitationis a sure sign of demand deficiencyis a symptom of technology replacing workersQUESTION 7With general training and employment at will, wages ________ at a ________ rate over a worker's career.increase; increasingincrease; decreasingdecrease; increasingdecrease; decreasingQUESTION 8Under an unemployment insurance system that uses no experience rating, the cost to a firm in increased unemployment insurance taxes of laying off a worker...
What is the average duration of unemployment if the monthly rate of unemployed workers leaving unemployment,l , equals 0.25?
What is the average duration of unemployment if the monthly rate of unemployed workers leaving unemployment, l, equals 0.25? What about when l is equals 0.1? How are monthly rate of unemployed workers leaving unemployment and average duration of unemployment?
What percent of pure water is ionized? Obviously at pH 7; please be very clear on...
What percent of pure water is ionized? Obviously at pH 7; please be very clear on how you arrive at your answer and explain what's wrong with my reasoning. What I did was see that the concentration of OH- and H3O+ were both 1E-7M and so together were twice that. The concentration of water is 55.5M so I did (2E-7)/(55.5) all time 100. Thanks in advance
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT