In: Economics
Suppose you are advising an industry association on the predicted effects of a price change on quantity demanded and total expenditure on their product. The current price is $1.00 per unit, and quantity demanded is 2,500 units per day. Based on extensive empirical studies, you know that price elasticity of demand for the product is -0.5. If the price increases to $2.00 per unit:
5.1 What is the predicted percentage change in quantity demanded?
5.2 Will total expenditure increase or decrease?
In: Economics
a) Set out and explain three cash flow based valuation techniques for determining the intrinsic value of a company’s equity.
b) Set out and explain two abnormal income based valuation techniques for determining the intrinsic value of a company’s equity.
c) Provide a balanced discussion of the theoretical merits and weaknesses of each of the two types of model described in parts (a) and (b).
d) Provide a summary of the empirical evidence relating to the performance of each type of model.
In: Finance
What are confounding variables, and what effect do they have on assessing cause-and-effect relationships?
When would you prefer median to mean as a measure of central tendency?
Why don’t we just sum the deviations from the mean to measure dispersion of a variable?
When is it legitimate to use the empirical rule?
How would you go about identifying outliers in your data?What would you do if you found an outlier?
In: Statistics and Probability
A company has a policy of retiring company cars; this policy
looks at number of miles driven, purpose of trips, style of car and
other features. The distribution of the number of months in service
for the fleet of cars is bell-shaped and has a mean of 55 months
and a standard deviation of 8 months. Using the empirical rule (as
presented in the book), what is the approximate percentage of cars
that remain in service between 39 and 47 months?
Do not enter the percent symbol.
ans = %
In: Statistics and Probability
The heights of newborn babies have a symmetric distribution with a mean of 20 inches and a SD of 2 inches. Find the percentage of newborn babies whose height is between 18 inches and 22 inches
Answer the following questions:
In: Statistics and Probability
Variables This week, you studied different kinds of variables. Refer to the South University Online Library and select an empirical article that covers a topic of interest to you and has clearly identified variables, ensuring that the study is recent (i.e., conducted within the past five years). Describe the methods used. In addition, discuss the variables and scales used in each study. At the conclusion of your discussion, describe how you would code these variables in Minitab.
In: Statistics and Probability
Scores of an IQ test have a bell-shaped distribution with a mean of 100 and a standard deviation of 19. Use the empirical rule to determine the following. (a) What percentage of people has an IQ score between 62 and 138? (b) What percentage of people has an IQ score less than 43 or greater than 157? (c) What percentage of people has an IQ score greater than 138? (a) 95% (Type an integer or a decimal.)
In: Statistics and Probability
Development can be measured in many ways, starting with economic growth. What is the biggest concern for how development might be worsened as economic growth improves? Using an empirical example and/or theoretical critique, state the nature of the concern and how and why this concern might be caused by economic growth.
Essay Question. Must begin with thesis. please identify all relevant concepts, terms and discuss critically all other positions against and aswell as in favor.
In: Economics
Determine the extent to which an unhealthy population can have a negative impact on the progress toward sustainable economic development of a Caribbean economy of your choice. Use empirical data to support your arguments.
Guiding Questions/areas to be covered
In: Economics