In: Economics
The Seller in State A contracted to deliver 2,000 barrels of oil to the Buyer in State B for $120,000, with the price payable upon delivery. When the oil arrived, 1,970 barrels complied fully with the contract description, however, 30 barrels were contaminated and unacceptable. The Seller admits that he is responsible for this breach. At the time of delivery,oil was available in the local market for a price of $75 a barrel.
Assuming both States A and B are signatories to the Convention for the International Sale of Goods (CISG), what net payment is due to the Seller? What if this was a case of force majeure that caused the contamination? Would your answer change?
Briefly explain your answer
.
In: Operations Management
In: Biology
Antigen presentation is an important link between innate and acquired (adaptive) immunity. Explain in detail how the process occurs. Please include: what cells might be involved, the differences between MHC 1 and MHC 2 and how antigen presentation leads to differential activation of acquired immunity.
In: Biology
The most important processing step is to remove the dependence of magnetic data on the magnetic inclination and convert the data which were recorded in the inclined Earth’s magnetic field to what they would have been if the magnetic field had been vertical. Explain this process in detail with sketch drawings for illustration
In: Physics
If a firm starts losing money due to increase in competitive market pressure and the business outlook remains grim, then should it always shut down to stop further losses? Explain the answer in detail. What condition must be true for the firm to be always forced to shut down in the short run?
In: Economics
In: Economics
In: Mechanical Engineering
M&M'S MILK CHOCOLATE: 24% cyan blue, 20% orange, 16% green, 14% bright yellow, 13% red, 13% brown.
Confidence Interval for Small n
Choose the color of M&M’s you will be working with for this project
Color:
Using the collected data below from a single fun-sized bag, provide the frequency and proportion of M&M’s in your color of choice.
|
Red |
Orange |
Yellow |
Green |
Blue |
Brown |
|
2 |
1 |
2 |
3 |
5 |
1 |
Number of M&M's in your color:
Total number of M&M's:
Proportion of M&M's in your color:
Construct a 95% confidence interval for the proportion of M&M’s one can expect to find in the color of your choice.
Check the requirements for constructing a confidence interval for the proportion are satisfied. Show your work.
The conditions might not be satisfied, depending on how many candies were in your bag. If the conditions are not met, what could you do?
Part 2: Confidence Interval for Larger n
Now, use the data collected below from a collection of fun-sized bags to provide the frequency and proportion of M&M’s in your original color of choice.
|
Red |
Orange |
Yellow |
Green |
Blue |
Brown |
|
54 |
49 |
52 |
51 |
84 |
109 |
Number of M&M's in your color:
Total number of M&M's:
Proportion of M&M's in your color:
Construct a 95% confidence interval for the proportion of M&M’s one can expect to find in the color of your choice.
Write an interpretation of your confidence interval specific to your color.
Check the requirements for constructing a confidence interval for the proportion are satisfied. Show your work. (See the note in the blue box on page 426)
How are confidence intervals affected by sample size?
How does the margin of error for the confidence interval in Part 1 compare to the margin of error for your confidence interval in Part 2? (compute both and compare)
Does the confidence interval you constructed in Part 2 contain the claimed proportion given by Mars Inc?
Do you believe the claims given by Mars Inc?
In: Math
1. State the Law of Diminishing Marginal Utility. Provide an example to support your answer.
2. What are the shortcomings of the Cardinal Theory of Utility?
3. List and explain the four properties of indifference curves.
4. Suppose you really, really like ice cream. You adore ice cream. Does the Law of Diminishing Marginal Utility apply to your ice cream consumption? Explain.
5. Do you tend to eat more at a fixed-price buffet or when ordering from an a la carte menu? Using the marginal decision rule, explain your behaviour.
In: Economics