Consider the following situations and determine whether they exhibit simultaneous consumption, network effects, x-inefficiency or rent-seeking behavior. Assume the businesses referenced function as monopolies.

(a) A pharmaceutical company discovers a vaccine for the common cold. The company puts a significant effort into tests to get it FDA-approved and into hiring lawyers to obtain a patent.

(b) An Internet service provider adds thousands of new customers.

(c) The head of a family-owned, major hotel chain decides to hire his wild, socialite niece to work as an executive of the company after her reality TV career ends.

(d) An online profile company helps college and high school students from across the country to connect with each other.

You are an event management company. Your customers want you to create an event with the 'wow' factor was the brief given to you by North Cypriot Young Businessman Association who were looking to hold a conference followed by an evening of entertainment for 200 guest with overnight accommodation with Palm Beach Hotel. They are going to invite investors from Turkey to make them invest in North Cyprus by the means of Tourism. As an event management company what kind of solutions can you offer them. Design an event and make your customers happy. You have a 100.000 USD budget. Just give a tentative budget doesn’t have to be too detailed. -WRITE MAXIMUM 500 WORDS

Question 5

You visit the new Chaco Hotel rooftop bar in old town. You're taking pictures of the fabulous views using your new $1,000 phone. Oops! The phone slips out of your hands plummeting to the ground 60 feet below. Ignoring air resistance. how fast is your phone traveling by the time it hits the ground ? [ Hint: 1 meter = 3.28 feet ] ( Circle one answer)

A.) 19mph

B.) 42 mph

C.) 37mph

D.) 602 mph

I am doing test corrections for my physics exam I put C(37mph and that was incorrect. Can you please help with this question very confused about it.

1-Look up the requested values using book tables. You may check with a calculator, but enter the table value.

   Let T denote a t-distribution variable with 14 degrees of freedom. Find:

P(T>1.761)=?

Note: Enter X.XX AT LEAST ONE DIGIT BEFORE THE DECIMAL, TWO AFTER and round up. Thus, 27 is entered as 27.00, 3.5 is entered as 3.50, 0.3750 is entered as 0.38

2-Look up the requested values using book tables. You may check with a calculator, but enter the table value.

     Find the normal distribution P VALUE used for a Greater Than one-sided alternative hypothesis test with a test statistic z=2.32.

Note: Enter X.XX AT LEAST ONE DIGIT BEFORE THE DECIMAL, TWO AFTER and round up. Thus, 27 is entered as 27.00, 3.5 is entered as 3.50, 0.3750 is entered as 0.3

3-Look up the requested values using book tables. You may check with a calculator, but enter the table value.

     Find the standard normal distribution Critical VALUE used for a Less Than one-sided alternative hypothesis test with a 1% significance level.

Note: Enter X.XX AT LEAST ONE DIGIT BEFORE THE DECIMAL, TWO AFTER and round up. Thus, 27 is entered as 27.00, 3.5 is entered as 3.50, 0.3750 is entered as 0.3

4-Look up the requested values using book tables. You may check with a calculator, but enter the table value.

   Let T denote a t-distribution variable with 25 degrees of freedom. Find:

P(T<-0.684)=?

Note: Enter X.XX AT LEAST ONE DIGIT BEFORE THE DECIMAL, TWO AFTER and round up. Thus, 27 is entered as 27.00, 3.5 is entered as 3.50, 0.3750 is entered as 0.38

5-Use a CALCULATOR to compute the below probability.

     Suppose a basketball player hits and average of 60% of his free throws. In a game with 15 independent free throws, what is the probability he makes exactly 12 baskets?

Note: Enter X.XX AT LEAST ONE DIGIT BEFORE THE DECIMAL, TWO AFTER and round up. Thus, 27 is entered as 27.00, 3.5 is entered as 3.50, 0.3750 is entered as 0.3

What changes in the city’s budgeting and accounting structure would overcome these limitations? What additional problems might these changes cause?

Government activities may be less “profitable” than they appear.

A city prepares its budget in traditional format, classifying expenditures by fund and object. In 2010, amid considerable controversy, the city authorized the sale of $20 million in bonds to finance construction of a new sports and special events arena. Critics charged that, contrary to the predictions of arena proponents, the arena could not be fiscally self‐sustaining. Five years later, the arena was completed and began to be used. After its first year of operations, its general managers submitted the following condensed statement of revenues and expenses (in millions):

At the city council meeting, when the report was submitted, the council member who had championed the center glowingly boasted that his prophecy was proving correct; the arena was “profitable.” Assume that the following information came to your attention:

• The arena is accounted for in a separate enterprise fund.

• The arena increased the number of overnight visitors to the city. City administrators and economists calculated that the additional visitors generated approximately $0.1 million in hotel occupancy tax revenues. These taxes are dedicated to promoting tourism in the city. In addition, they estimated that the ticket and concession sales, plus the economic activity generated by the arena, increased general sales tax revenues by $0.4 million.

• The city had to improve roads, highways, and utilities in the area surrounding the arena. These improvements, which cost $6 million, were financed with general obligation debt (not reported in the enterprise fund). Principal and interest on the debt, paid out of general funds, were $0.5 million. The cost of maintaining the facilities was approximately $0.1 million.

• On evenings when events were held in the arena, the city had to increase police protection in the arena’s neighborhood. Whereas the arena compensated the police department for police officers who served within the arena itself, those who patrolled outside were paid out of police department funds. The police department estimated its additional costs at $0.1 million.

• The city provided various administrative services (including legal, accounting, and personnel) to the arena at no charge at an estimated cost of $0.1 million.

• The city estimates the cost of additional sanitation, fire, and medical services due to events at the center to be approximately $0.2 million.

1) A discrete random variable X has the following probability distribution:

Compute each of the following quantities (give the exact numbers):

(a) P(18)=

(b) P(X>18)=

(c) P(X?18)=

(d) The mean ? of X is

(e) The variance ?2 of X is (write all decimal points)

(f) The standard deviation ? of X is (use 4 decimal points)

2) Borachio works in an automotive tire factory. The number X of sound but blemished tires that he produces on a random day has the probability distribution

For the following, don’t round the numbers

(a) Find the probability that Borachio will produce more than three blemished tires tomorrow.

(b) Find the probability that Borachio will produce at most two blemished tires tomorrow.

(c) Compute the mean of X.

3)Find the mean ? and standard deviation ? of a random variable X with the following probability distribution

(a) ?=1.5, ?=0.96

(b) ?=1.2, ?=0.96

(c) ?=1.5, ?=0.98

(d) ?=1.2, ?=0.98

(e) ?=1.5, ?=2.4

4). To set a schedule for a new bus route, the transit authority repeatedly times the trip between two points; the time X in minutes is found to have the following probability distribution function

(a) the probability that a randomly selected trip will take at least 24 minutes is about:

(i) 0.14; (ii) 0.10; (iii) 0.23; (iv) 0.04; (v) 0.86

(b) The probability that a randomly selected trip will take between 21 and 24 minutes (including 21 and 24) is about: (i) 0.19; (ii) 0.79; (iii) 0.89; (iv) 0.29; (v) 0.7

(c) If the trip is made over and over, the average time it takes in minutes is about:

(i) 22.5; (ii) 22.2; (iii) 21.9; (iv) 22.0; (v) 23.0

5) A sociologist surveyed the households in a small town. The random variable X represents the number of dependent children in the households. The missing probability is

(a) 0.02

(b) 0.12

(c) 0.22

(d) 0.32

(e) 0.78

6) The following is a probability distribution function. True or False?

1)Let S be the set of all students at a college. Define a relation on the set S by the rule that two people are related if they live less than 2 miles apart. Is this relation an equivalence relation on S? Justify your answer.

2) Define another relation on the set S from problem 5 by defining two people as related if they have the same classification (freshman, sophomore, junior, senior or graduate student). Is this an equivalence relation on S? Justify.

1)Let S be the set of all students at a college. Define a relation on the set S by the rule that two people are related if they live less than 2 miles apart. Is this relation an equivalence relation on S? Justify your answer.

2) Define another relation on the set S from problem 5 by defining two people as related if they have the same classification (freshman, sophomore, junior, senior or graduate student). Is this an equivalence relation on S? Justify.