The town of Pleasantville is going to form a public safety committee. Pleasantville already has a seven-person town council, a five-person citizen advisory board; the police force is made up of ten officers. There is no overlap between the members of the town council, the citizen advisory board, and the police force.
Express all probabilities as decimals, rounded to six places.

14) If the committee must include three members from the town council, two members from the citizen advisory board, and three members from the police force, how many different ways can the committee be formed?

b) Suppose the public safety committee is made up as described in #14, and members are to be chosen at random from each of the town council, advisory board, and police force. If Tayler is on the town council, what is the probability they will be selected for the committee?

c) Suppose the public safety committee is made up as described in #14, and members are to be chosen at random from each of the town council, advisory board, and police force. If Casey is on the citizen advisory board, what is the probability they will be selected for the committee?

d) Suppose the public safety committee is made up as described in #14, and members are to be chosen at random from each of the town council, advisory board, and police force. If Pat is a police officer, what is the probability they will be selected for the committee?

What three characteristics do both Mankiw and Greenwald and Stiglitz identify as the common themes of New Keynesianism. Why might it be argued, nonetheless, that New Keynesianism is an approach and not a “school” of macroeconomics?

A party shop owner wants to open a 2nd store in a nearby town, and she has found a building and land to purchase for $1.5 Million immediately. She believes that the additional store will increase her sales by $300,000 per year over the next 12 years. The new store will incur an additional $100,000 per year in operating and labor expenses. If the owner's MARR is 10%, use the net present worth criterion to determine if she should proceed with the new store.

. Twin Peaks Lingerie, Incorporated, wants to introduce a new bustier, to be marketed under the Lady Gaga^tm logo. They have tested four sizes of bustier, from tiny to “almost-not-there.” A sample of 200 teenaged boys each stated their preference, as indicated in the table below. Is there a preferred size at the 0.05 level?

State Hypotheses:

Show work:

What is the value of the test statistic?

What is the value of the standard?

What is the result of the test?

. Twin Peaks Lingerie, Incorporated, wants to introduce a new bustier, to be marketed under the Lady Gaga^tm logo. They have tested four sizes of bustier, from tiny to “almost-not-there.” A sample of 200 teenaged boys each stated their preference, as indicated in the table below. Is there a preferred size at the 0.05 level?

State Hypotheses:

Show work:

What is the value of the test statistic?

What is the value of the standard?

What is the result of the test?

Would you agree with this statement? Please explain why or why not.

Managers now HAVE TO EMBRACE CHANGE. Years ago the business world was an old boys club with the mentality that “this is how we have always done things and this is how we will continue to do them”. That mindset is death in today’s market. If you’re not learning, changing, and growing you’re dying. Managers must always keep their thumb on the pulse of what is new and innovative, they have to know what is going on so they can anticipate the future.

Please don't hand write.

Thank you

Suppose that demand and supply for a competitive market are as follows:

Qd = 320 - P and Qs = -40 + 2P

What would be the price and output combination that would result if firms in this market merged together to become a profit maximizing monopolist? By how much would the price change from the competitive level?

The demand curve for karate training in a community with only two martial arts schools is P = 100 – Q, where Q is in student-lessons. The cost of providing an additional student-lesson is $8/lesson. Complete the table below for the four cases described in a-d. There are no fixed costs.

a) Both schools get together and collude to price fix at a profit maximizing level.

b) Both schools assume that the other will hold the present tuition constant despite what the competition does.

c) Both schools assume that the other will hold the present enrollment constant despite what the competition does.

d) School 1 believes school 2 will adjust to its new profit maximizing solution each time school 1 adjusts its enrollment strategy. (Show calculations below.)

Willowbrook School

Chapter 12

Willowbrook School is a small private school that has retained your services as a systems analyst

to assist in the development of a new information system for the school’s administrative needs.

Background

After implementation of a new system, it moves into the support phase of the SDLC. The system

at Willowbrook has been up and running for five months now, and things are moving reasonably

smoothly. Willowbrook is pleased with the system’s ability to

handle registration and some

of the school’s other administrative and financial tasks.

You have been asked to contract

for ongoing support services on an as needed basis. The school would like to arrange for support

services in such a way that your time is used as efficiently as possible because their budget for

support is small.

Tasks

4.

You decide to prepare a security checklist for Willowbrook. Prepare a list of security

issues that the firm should evaluate and monitor. Be sure to organize the items into

categories that match the six security levels