It appears that over the past 50 years, the number of farms in the United States declined while the average size of farms increased. The following data provided by the U.S. Department of Agriculture show five-year interval data for U.S. farms. Use these data to develop the equation of a regression line to predict the average size of a farm by the number of farms Discuss the slope and y-intercept of the model.

A)The life expectancy in the United States has a mean of 75 with a standard deviation of 7 years and follows a normal distribution.

What is the probability of an individual living longer than 80 years?

b)In the two upcoming basketball games, the probability that UTC will defeat Marshall is 0.63, and the probability that UTC will defeat Furman is 0.55. The probability that UTC will defeat both opponents is 0.3465.

What is the probability that UTC will defeat Furman given that they defeat Marshall?

c) In the two upcoming basketball games, the probability that UTC will defeat Marshall is 0.63, and the probability that UTC will defeat Furman is 0.55. The probability that UTC will defeat both opponents is 0.3465.

Are the outcomes of the games independent? Explain and given reasoning for your answer.

What is the probability that UTC will win Furman or Marshall?

What is the validity to the assumption that migrating to the United States from other parts of the countries will have a profound effect on the cultural integrity of the kid growing up. **Basically I know the question maybe be confusing to understand but what I want to explore in this topic is the assumption people have with Americans having no culture and like other countries Pakistan or India, they have a sense of family hood here in the states sometimes we see kids become distant from parents etc, and I want to explore what is the reason behind it. Even in TV commercials sometimes they openly joke about marital couples not hanging out with parents etc. Which is kind of sad to some degree so this is something I want to possibly discuss about and try to make sense of whats exactly going on could be technology advancement people having less interaction with each other etc.

You are an economic advisor to the Treasurer of the United States. Congress is considering increasing the sales tax on gasoline by $.05 per gallon. Last year motorists purchased 15 million gallons of gas per month. The demand curve is such that every $.01 increase in price decreases sales by 100,000 gallons per month. You also know that for every $.01 increase in price, producers are willing to provide 50,000 more gallons of gasoline to the market. The legislature has stated that the $.05 tax will increase government revenues by $750,000 per month and raise the price of gasoline by $.05 per gallon. Please explain why this is correct.

Given the information, the supply and demand curves can be described as follows:

Qs = 15,000,000 + 5,000,000(ps - p0)

Qd = 15,000,000 - 10,000,000(pd - p0)

Where do these formulas come from? Specifically, I don't understand where the 5 and -10 million come from.

Complete both parts of this question. Both the Federal Reserve in the United States and the European Central Bank monitor growth in the money supply over time, but use nominal interest rates to implement monetary policy. Provide an example of a situation in which these two approaches to targeting require different central bank responses. Provide an example in which these two approaches are compatible. 
[Hint: prices are sticky in the short run, so expected inflation and actual inflation may differ.]

Consider a country that has experienced a hyperinflation. In general, countries with higher inflation rates tend to have less stability in the inflation rate, making it difficult to forecast. If this country wants to reduce its inflation rate, state which of the following monetary regimes is least likely to succeed: exchange rate target, money supply target, nominal interest rate policy. 
Which approach is most likely to succeed? Explain.

Rotelco is one of the largest digital wireless service providers in the United States. In a recent year, it had approximately 100 million direct subscribers (accounts) that generated revenue of $54,300 million. Costs and expenses for the year were as follows:

Assume that 70% of the cost of revenue and 30% of the selling, general, and administrative expenses are variable to the number of direct subscribers (accounts).

a. What is Rotelco's break-even number of accounts, using the data and assumptions above? Round to the nearest whole number.
million accounts

b. How much revenue per account would be sufficient for Rotelco to break even if the number of accounts remained constant? Round to the nearest dollar.
$ million per account

The United States has been described as a melting pot of the world and a favored location for international migration, also referred to as a brain drain phenomenon. Immigration is always a topic of debate in news and media. What are the welfare effects of such requirements? Do you oppose or favor an open immigration policy?

The Kroger Company is one of the largest grocery retailers in the United States, with over 2,000 grocery stores across the country. Kroger uses an online customer opinion questionnaire to obtain performance data about its products and services and learn about what motivates its customers.† In the survey, Kroger customers were asked if they would be willing to pay more for products that had each of the following four characteristics. The four questions were: Would you pay more for

    products that have a brand name?

    products that are environmentally friendly?

    products that are organic?

    products that have been recommended by others?

For each question, the customers had the option of responding Yes if they would pay more or No if they would not pay more.

(a)

Are the data collected by Kroger in this example categorical or quantitative?

categorical quantitative     Correct: Your answer is correct.

(b)

What measurement scale is used?

ratio scale interval scale     ordinal scale nominal scale

In the United States, given current demands on physicians, how likely is it that over the next 5 years most small practices will adopt EMR and, potentially, HMIS? What are some of the factors that might influence these investment decisions? State your views and support your assertions with examples and references.