The table below shows the life expectancy for an individual born in the United States in certain years.

Find the estimated life expectancy for an individual born in 1965 and for one born in 1992. (Round your answers to one decimal place.)

The life expectancy in the United States is 75 with a standard deviation of 7 years. A random sample of 49 individuals is selected. Round all probabilities to four decimal places.

What is the probability that the sample mean will be larger than 77 years? Answer

What is the probability that the sample mean will be within 1 year of the population mean? Answer

What is the probability that the sample mean will be within 2.5 years of the population mean? Answer

A Canadian firm is evaluating a project in the United States. This project involves the establishment of a lumber mill in Wisconsin to process Canadian timber. The factory expects to service clients in the construction industry. All cash flow figures are in thousands. Initial Investment. The initial investment is CAD 48,000. The project is over a period of three years. This investment will be depreciated straight line to zero. Operating Results. The firm expects two likely scenarios for the first year of operations. Under the favorable scenario (probability of 45%), the firm expects to produce and sell 1,400 units of a product. Under the unfavorable scenario (probability of 55%), it expects to produce and sell only 800 units. The selling price is expected to be CAD 55; the variable expense is expected to be CAD 27, and fixed costs excluding depreciation are expected to be CAD 15,000. Additional Investment. If the firm encounters the favorable scenario during year 1, it could make an investment of CAD 25,000 to enable it to produce and sell a total of 2,800 units (double the units) in the second and third years. The cost parameters remain unchanged with the exception of depreciation. This secondary investment will be depreciated equally in years 2 and 3. If the firm chooses not to make the investment in year 1, the results of year 1 will be repeated during years 2 and 3. Discount Rate and Miscellaneous. Assume a discount rate of 11 percent and zero taxes.

a. Estimate the NPV of the project.

b. Estimate the NPV of the option to expand.

1. Which of the following regarding internal migration in the United States is not true?

1. Migration is most common among young workers.
2. Migration is most common among educated workers.
3. Migration equalizes wage across all regions if one condition on skill level.
4. Empirically, the mystery is why there is not more internal migration, not why there is not less.
5. Repeat and return migration are substantial.

2. In the standard Becker model of discrimination, each firm is associated with a discrimination coefficient of d > 0 and acts as if the wage paid to blacks is WB(1+d) where WB is the equilibrium, a threshold level of d, labeled d*, comes about that sorts firms based on hiring decisions. Which of the following is not an outcome of this model?

1. All firms will d ≠ d will employ all blacks or whites.
2. In the long run, discrimination will be competed away in a competitive labor market.
3. All discriminating firms hire only white workers.
4. All firms with d > d* earn the same amount of profit.
5. Profits fall as d increases as long as d < d*

Cabinaire Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it assembles filing cabinets in an Assembly Department. Assume the following information for the Assembly Department:

Prepare a flexible budget for 14,000, 18,000, and 21,000 filing cabinets for the month of March in the Assembly Department similar to Exhibit 5. Enter all amounts as positive numbers.

Cabinaire Inc. is one of the largest manufacturers of office furniture in the United States. In Grand Rapids, Michigan, it produces filing cabinets in two departments: Fabrication and Trim Assembly. Assume the following information for the Fabrication Department:

Prepare a flexible budget for 15,000, 19,000, and 23,000 filing cabinets for the month of October 2016, similar to Exhibit 5, assuming that inventories are not significant. Enter all amounts as positive numbers.

The median incomes of females in each state of the United States, including the District of Columbia and Puerto Rico, are given in following table ("Median income of," 2013). $31,862 $40,550 $36,048 $30,752 $41,817 $40,236 $47,476 $40,500 $60,332 $33,823 $35,438 $37,242 $31,238 $39,150 $34,023 $33,745 $33,269 $32,684 $31,844 $34,599 $48,748 $46,185 $36,931 $40,416 $29,548 $33,865 $31,067 $33,424 $35,484 $41,021 $47,155 $32,316 $42,113 $33,459 $32,462 $35,746 $31,274 $36,027 $37,089 $22,117 $41,412 $31,330 $31,329 $33,184 $35,301 $32,843 $38,177 $40,969 $40,993 $29,688 $35,890 $34,381 Create a histogram and relative frequency histogram for the data in the table using 7 class intervals and answer the following questions:

The estimated average concentration of NO2 in air in the United States in 2006 was 0.016 ppm.

Calculate the partial pressure of the NO2 in a sample of this air when the atmospheric pressure is 748 torr (99.7 kPa ).

How many molecules of NO2 are present under these conditions at 17 ∘C in a room that measures 16 × 11 × 6 ft ?

A prescription drug is produced in the United States and sold internationally.
Each unit of the drug costs $60 to produce. In the German market, you sell the drug for
150 euros per unit. The current exchange rate is 0.667 U.S. dollars per euro. Current
demand for the drug is 100 units, and the estimated elasticity is 2.5. Assuming a linear
demand curve, determine the appropriate sales price (in euros) for the drug. SOLVE USING EXCEL SOLVER. NOTE: aLL PARTS OF THE QUESTION ARE ALREADY INCLUDE HERE. NO EXTRA DATA SHEET.