How should specimens be transported from the University Health Centre to the TDH laboratory?

The prices of condos in a city are normally distributed with a mean of $100,000 and a standard deviation of $32,000.

Answer the following questions rounding your solutions to 4 decimal places.

1. The city government exempts the cheapest 6% of the condos from city taxes. What is the maximum price of the condos that will be exempt from city taxes?

2. If 2% of the most expensive condos are subject to a luxury tax, what is the minimum price of condos that will be subject to the luxury tax?

A professor at a local university noted that the grades of her students were normally distributed with a mean of 73 and a standard deviation of 11.

Answer the following questions rounding your solutions to 4 decimal places.

1. The professor has informed the class that 7.93 percent of her students received grades of A. What is the minimum score needed to receive a grade of A?

2. Students who made 57.93 or lower on the exam failed the course. What fraction of students failed the course?

3. If 69.5 percent of the students received grades of C or better, what is the minimum score of those who received C's?

Do you think that taking the (Harvard) MBA Oath positively affects the ability of employees to discharge their ethical duties? Is it useful? If so, in what ways? What would you add to the Oath? Is there anything that concerns you, and why?

102) If there is an increase in the number of discouraged workers in a country, ________.

102) A) the unemployment rate will decrease

B) the labor force participation rate will increase

C) the labor force participation rate will decrease

D) the unemployment rate will increase

103) Which of the following statements is true?

103) A) The unemployment rate in a country always remains constant.

B) As an economy experiences growth in GDP, the rate of unemployment is expected to decrease.

C) As an economy experiences growth in GDP, the rate of unemployment is expected to increase.

D) The unemployment rate in a country is not correlated with the level of economic activity in the country.

104) Which of the following statements is true of unemployment?

104) A) In periods of contraction, the unemployment rate in an economy decreases.

B) The rate of unemployment is positive in any well-functioning economy.

C) In periods of expansion, the unemployment rate in an economy increases

. D) The unemployment rate in most of the developed nations in the world is zero percent. 15

105) Which of the following statements is true?

105) A) In the United States, the unemployment rate among bachelor degree holders is more than the unemployment rate among high school diploma holders.

B) More educated workers have a lower opportunity cost of time than less educated workers.

C) Unemployment rate is higher among groups with lower educational attainment.

D) The unemployment rate in a country normally increases when the country's economy expands.

106) Which of the following statements is true?

106) A) All else equal, a worker who earned a higher income earlier but is now unemployed will have a lower opportunity cost of time than someone who had a lower income but is now unemployed.

B) All else equal, a worker who earned a higher income earlier but is now unemployed will have the same opportunity cost of time than someone who had a lower income but is now unemployed.

C) All else equal, the incentive to look for a job is higher for an individual with a lower opportunity cost of time.

D) All else equal, the incentive to look for a job is lower for an individual with a lower opportunity cost of time.

107) Which of the following is a valid shortcoming of the use of foreign aid to eradicate poverty?

107) A) It can lead to polarization of the world economy.

B) It is difficult to transfer aid to poor countries.

C) It mostly leads to the transfer of resources among rich countries.

D) It may not lead to a sizeable increase in physical capital in poorer countries.

108) Which of the following statements is true of foreign aid?

108) A) Foreign aid is directly responsible for reducing corruption in developing nations.

B) In practice, much of foreign aid does not get invested in new technology or education.

C) Foreign aid is regressive to development.

D) Foreign aid is provided only by financial institutions such as the World Bank.

109) Which of the following statements is true of foreign aid?

109) A) The concept of foreign aid was introduced in the 21st century.

B) Foreign aid is always efficient in eradicating poverty.

C) Foreign aid is only provided to sub-Saharan regions.

D) In some instances foreign aid can be beneficial to dictators.

110) Which of the followings statements correctly identifies an advantage of using foreign aid to eradicate poverty?

110) A) Its flow is transparent and can be questioned by all individuals in the receiving country.

B) It directly increases the efficiency of production in poorer countries.

C) It is extremely efficient in countries where institutions are extractive.

D) It leads to a redistribution of income around the world.

111) Private property rights mean that:

111) A) individuals cannot be excluded from the consumption of goods and services regardless of whether they pay for them.

B) the government does not own any resource used in production in an economy.

C) individuals can own businesses and assets, and their ownership is secure.

D) individuals have a right to elect their representatives in the government.

2. Provide a one page report of your observations of work teams and groups from either your workplace or university. Answer the following questions in your report: Where have you observed teams or groups to be most effective? Why? What changes might be made at work in the university to make teams more effective.

1. You are given the following information about copper in the United States:

INCLUDE CALCULATIONS FOR THE FOLLOWING: (Please)

a. Calculate the loss to US consumers of copper from imposing the tariff.
b. Calculate the gain to US producers of copper from imposing the tariff.
c. Calculate the gain in tariff revenue to the US government from imposing the tariff.
d. Calculate the net gain or loss to the US economy as a whole from imposing the tariff.

Please only show me the graphs I know the answers to below problems. I don't know how to do the graphs correctly.

1. A radar unit is used to measure speeds of cars on a motorway. The speeds are normally distributed with a mean of 90 km/hr and a standard deviation of 10 km/hr. What is the probability that a car picked at random is travelling at more than 100 km/hr?

2. For a certain type of computers, the length of time bewteen charges of the battery is normally distributed with a mean of 50 hours and a standard deviation of 15 hours. John owns one of these computers and wants to know the probability that the length of time will be between 50 and 70 hours.

3. Entry to a certain University is determined by a national test. The scores on this test are normally distributed with a mean of 500 and a standard deviation of 100. Tom wants to be admitted to this university and he knows that he must score better than at least 70% of the students who took the test. Tom takes the test and scores 585. Will he be admitted to this university?

InventBear Inc. is planning to establish a subsidiary in Australia to produce and sell gaming products locally. The project will end in three years and the subsidiary will be sold to an Australian firm for A$5 million at the end of the project. The salvage value is net of tax and will not be subject to withholding tax. InventBear estimates that, after paying for the income tax, the Australian subsidiary can remit A$5,450,000 to the parent every year for the next three years, starting at the end of the first year. The Australian subsidiary will require an initial investment of 7 million U.S. dollars (US$). The Australian government will impose a 25% withholding tax on the remitted funds. The subsidiary will remit all net cash flows to its parent at the end of each year. The company forecasts the exchange rate for the next three years using the current spot rate at US$0.91/A$. The parent’s required rate of return for the Australian subsidiary is 16%. If the U.S. government does not tax the A$ income, how much U.S. dollars will InventBear Inc. receive from the Australian subsidiary at the end of the third year?

a. US$4,268,859

b. US$3,719,625

c. US$8,269,625

d. US$8,715,980

17. Insurance is a financial contract in which the policyholder (i.e., customer) is compensated if a pre-specified adverse event (e.g., accident) occurs, in exchange for premiums paid to the insurer (i.e., insurance company) by the policyholder. Consider an individual who owns a house. The value of the house is ??. When there is fire, the value of the house decreases to ??−??. The probability of fire is ??. The utility function of the house owner is ??= ln(??) where ?? is her wealth. Thus, her expected utility without insurance can be written as ??(??)=??ln(??−??)+(1−??)ln(??). Suppose that an insurance company offers fire insurance. The policyholder can choose the coverage level ?? of the insurance. Coverage is the maximum amount of compensation that a policyholder can receive if an adverse event occurs. The house owner considers the insurance. She will receive ?? from the insurance company if there is fire. In return, she should pay insurance premium of ?? whether there is fire or not. The expected profit of the insurance company is ??= (1−??)??+??(??−??).

(a) Suppose also that the insurance company is in a perfectly competitive market. If a company’s profit is higher than the others, then the company can offer a lower premium to customers. By offering a low premium, the company can win the competition. However, a lowered premium implies a lower profit. Companies cannot survive under negative profits. Thus, in a perfectly competitive market, the expected profit of a company approaches zero in equilibrium. What is the insurance premium in equilibrium?

(b) Under the condition of (a), what is the expected utility of the house owner with insurance?

(c) Suppose also that the house owner maximizes her expected utility. Under the condition of (a), which coverage level should she choose?

A financial services company is interested in examining the relationship between the age of an individual and their wealth in order to make more informed recommendations. They use client data to estimate the following models. Note, Age is measured in years and Wealth is the total dollar amount the individual has saved. Assume each of the explanatory variables are significant at the 5% level.

Model 1:  Wealthˆ= 5,450 + 4,589Age, Se = 11,550, R² = 0.59, Adjusted-R² = 0.50

Model 2:  Wealthˆ= 4,265.20 + 10,400.1241Age − 73.7597Age^2, Se = 7,421, R² = 0.79, Adjusted-R² = 0.77

Using the estimates in Model 2, complete the formula for the marginal effect. Use four decimals when entering your answers.

Marginal Effect = __________ - _____________ Age

Using the estimates in Model 2, calculate the marginal effect (similar to “As x increases by 1 unit”) for someone who is 50 years old. Round your answer to 2 decimals

Using the estimates in Model 2, calculate the marginal effect (similar to “As x increases by 1 unit) for someone who is 75 years old. Round your answer to 2 decimals

Using the estimates in Model 2, find the age at which wealth is maximized. Round your answer to 2 decimals.

Using the estimates in Model 2, find the maximum wealth. Round your answer to 2 decimals.