16. Determine whether the given procedure results in binomial
distribution. Explain your answer using the 4 requirements for a
binomial distribution. You have to be specific in answering these,
and not just listing the requirements.
a. Record the temperature of 863 people entering the State of
Secretary office this week.
b. Asking 50 senators in the current Congress with replacement
whether he or she is in favor of detention camps for children at
the Southern border.
c. Asking all that...
Answer the following. Justify your
answer.
a) What are the 4 features of
perfect competition? Using these features, is the market for table
salt perfect competition (or close to perfect competition)? Explain
each point.
b) What 4 outcomes will a binding
minimum wage have, and what 1 outcome has 2 possibilities.
c) Describe economies of scope and
economies of experience. Use a house builder as an example.
d) When is a perfectly competitive
firm in the short run? What 3...
Pick one adult in your life you regularly interact with.
Using your knowledge of the Learning Patterns, guess their level of
use for each Pattern and support your reasoning by providing
specific examples of how the person you identified uses each
Learning Pattern. List your LCI scores to remind us of your own
Learning Patterns.
3. Explain the roll of debt and equity markets in the economy.
How do they interact with both Primary and Secondary Markets? What
roles do debt and equity markets and primary and secondary markets
play in the “flow of funds?”
There were 13 that landed on their bases.
4. Using your same data again from your 50 tosses, test the
claim that the population proportion of Kisses® chocolates that
land completely on the base is less than 35% at α = 5% level of
significance. a. State the null and alternate hypotheses. Identify
the claim. b. State the level of significance. c. Determine the
standardized test statistic. (2 decimal places) d. Calculate the
P-value. (4 decimal places) e. Make a...
2) Explain the ways in which Fiscal Policy and Monetary Policy
interact by using Keynesian IS and LM curves. Discuss the impact of
an expansionary Fiscal Policy and Monetary Policy on the overall
level of economic activity. Include the conditions in which
Monetary Policy would have a greater influence on GDP growth and
the conditions in which Fiscal Policy would have a greater
influence on GDP growth.