Do you want to own your own candy store? Wow! With some interest in running your own business and a decent credit rating, you can probably get a bank loan on startup costs for franchises such as Candy Express, The Fudge Company, Karmel Corn, and Rocky Mountain Chocolate Factory. Startup costs (in thousands of dollars) for a random sample of candy stores are given below. Assume that the population of x values has an approximately normal distribution. 95 176 134 100 75 94 116 100 85 (a) Use a calculator with mean and sample standard deviation keys to find the sample mean startup cost x and sample standard deviation s. (Round your answers to one decimal place.) x = thousand dollars s = thousand dollars (b) Find a 90% confidence interval for the population average startup costs μ for candy store franchises. (Round your answers to one decimal place.) lower limit thousand dollars upper limit thousand dollars

Do you want to own your own candy store? Wow! With some interest in running your own business and a decent credit rating, you can probably get a bank loan on startup costs for franchises such as Candy Express, The Fudge Company, Karmel Corn, and Rocky Mountain Chocolate Factory. Startup costs (in thousands of dollars) for a random sample of candy stores are given below. Assume that the population of x values has an approximately normal distribution.

90 174 133 99 75 94 116 100 85

(a) Use a calculator with mean and sample standard deviation keys to find the sample mean startup cost x and sample standard deviation s. (Round your answers to one decimal place.)

x = thousand dollars

s = thousand dollars

(b) Find a 90% confidence interval for the population average startup costs μ for candy store franchises. (Round your answers to one decimal place.)

lower limit thousand dollars

upper limit thousand dollars

Do you want to own your own candy store? Wow! With some interest in running your own business and a decent credit rating, you can probably get a bank loan on startup costs for franchises such as Candy Express, The Fudge Company, Karmel Corn, and Rocky Mountain Chocolate Factory. Startup costs (in thousands of dollars) for a random sample of candy stores are given below. Assume that the population of x values has an approximately normal distribution.

(a) Use a calculator with mean and sample standard deviation keys to find the sample mean startup cost x and sample standard deviation s. (Round your answers to one decimal place.)

(b) Find a 90% confidence interval for the population average startup costs μ for candy store franchises. (Round your answers to one decimal place.)

Assume the country of Sluban ties its currency (the slu) to the dollar and the exchange rate will remain fixed. Sluban has frequent trade with countries in the eurozone and the United States. All traded products can easily be produced by all the countries, and the demand for these products in any country is very sen- sitive to the price because consumers can shift to wherever the products are relatively cheap. Assume that the euro depreciates substantially against the dollar during the next year.

a. What is the likely effect (if any) of the euro’s exchange rate movement on the volume of Sluban’s exports to the eurozone? Explain.

b. What is the likely effect (if any) of the euro’s exchange rate movement on the volume of Sluban’s exports to the United States? Explain.

1. The largest component of personal healthcare expenditures in the United States is

2. What is one cited reason why healthcare expenditures are so high in the United States?

The following table shows the approximate number of males of Hispanic origin employed in the United States in a certain year, broken down by age group. Age 15-24.9 25-54.9 55-64.9 Employment (thousands) 29,000 17,000 3,700 (a) Use the rounded midpoints of the given measurement classes to compute the expected value and the standard deviation of the age X of a male Hispanic worker in the United States. (Round all probabilities and intermediate calculations to two decimal places.) expected value yrs old standard deviation yr (b) In what age interval does the empirical rule predict that 68 percent of all male Hispanic workers will fall? (Round answers to the nearest year.) ,

In the preface, the author sets the stage for a story about a collision of cultures. Have you ever had an experience with a healthcare provider in which you felt that your different backgrounds were a barrier to your care? If so, would you be willing to share that story? What brought the Lee family to the United States in the first place. Describe how you imagine that journey to be. Try to put yourself in their shoes, if you can. Describe the differences between the experience of labor and delivery in Laos compared to the United States in the 1970s/1980s (as the book describes it). What stands out as the major differences to you? What do you think it must be like to give birth under unfamiliar conditions?

1. USA Today reported that about 47% of the general consumer population in the United States is loyal to the automobile manufacturer of their choice. Suppose that Chevrolet did a study of a random sample of 1006 Chevrolet owners and found that 503 said that they would buy another Chevrolet.

1. Check the assumptions for constructing a confidence interval

2. Construct a 90% confidence interval

3. Construct a 95% confidence interval

4. Construct a 99% confidence interval

5. What happened to the margin of error as the confidence increased?

6. How else can we change the margin of error without changing or the confidence?

7. Which confidence intervals above agree with the claim that about 47% of the general consumer population in the United States is loyal to the automobile manufacturer of their choice? Explain why?

The Monetary Approach to Exchange Rates In this question, assume the more general model where L depends on the interest rate. Consider a world in which the prices of goods are perfectly flexible and absolute PPP holds. This world has two countries, the U.S. and Mexico. The real interest rate is equal to 1% and it is fixed on world markets. Suppose the money growth rate is 3% in the United States and 4% in Mexico. Real GDP is growing at a 1% rate in Mexico and in the United States.

a. Now suppose that at time T, Mexico’s expected GDP growth rates falls to 0. What is the effect of the shock on the Mexican nominal interest rate, price level, and Mexican peso exchange rate at time T?

Consider the Canadian economy that is in long run equilibrium with output equal to Y*. Canada and the United States have established a new free trade agreement that results in a significant increase in goods and services imported into the United States from Canada. For the Canadian economy, answer the following questions. use separate diagrams for each question.

1 illustrates the initial equilibrium in a diagram using AD and AS model. explain the diagram

2. what kind of shock occurred aggregate demand or supply? show this in your diagram

3. Explain the process (self-adjusting process AD & AS without monetary policy) by which the economy will adjust back toward Y* in the long run. show in your diagram