20 0.05 30 0.20 40 0.30 50 0.20 60 0.15 70 0.10 a. Calculate ?, ?2,...
Consider the probability distribution for the random variable x shown here. Complete parts a through c below. x 30 40 50 60 70 80 p(x) 0.05 0.20 0.30 0.20 0.10 0.15 a. Calculate μ,σ2,and σ. μ=__________(Type an integer or a decimal. Do not round.) σ2=__________(Type an integer or a decimal. Do not round.) σ=____________(Round to three decimal places as needed.)
A simplified economy has three industries: manufacturing M, transportation T, and service S. The input-output matrix for this economy is Input requirements of M 0.20 0.15 0.101 s 0.20 0.10 0.10 M T S from T 0.10 0.30 0.25 Find the gross output needed to satisfy the consumer demand of $120 million worth of manufacturing, $80 million worth of transportation, and $45 million worth of service (Round your answers to two decimal places.) manufacturing transportation service million dollars million dollars...
Stocks A and B have the following returns Stock A 0.10 0.07 0.15 -0.05 0.08 Stock B 0.06 0.02 0.05 0.01 -0.02 4 a. What are the expected returns of the two stocks? b. What are the standard deviations of the returns of the two stocks? c. If their correlation is 0.46, what is the expected return and standard deviation of a portfolio of 70% stock A and 30% stock B? a. What are the expected returns of the two...
QUESTION 1 Figure 2-5 100 90 80 70 60 50 40 30 20 10 10 20 30 40 50 60 70 80 washe Refer to Figure 2-5. It is possible for this economy to produce O a. 60 dryers and 50 washers. b. 60 dryers and 60 washers. c. 80 dryers and 50 washers. O d. All of the above.
Find the mean of the following probability distribution? 1 0.20 2 0.10 3 0.35 4 0.05 5 0.30 Place your answer, rounded to two decimal places, in the blank. When entering your answer do not use any labels or symbols other than a decimal point. Simply provide the numerical value. For example, 1.23 would be a legitimate entry
Price per bag Total Revenue $70 $2,100 30 $60 $2,400 40 $50 $2,500 50 $40 60 $2,400 $30 $2,100 70 $20 $1,600 80 a) Calculate the total revenue at each price point. At which price would you advise the bookstore to sell bags? b) To assist with your presentation to the bookstore staff, you plan to have a discussion on elasticity. Calculate the price elasticity of demand between the following price points and indicate whether demand is elastic or inelastic:...
For the data set shown below x y 20 98 30 95 40 91 50 83 60 70 (a) Use technology to find the estimates of β0 and β1. β0≈b0=114.60 (Round to two decimal places as needed.) β1≈b1=-0.68 (Round to two decimal places as needed.) (b) Use technology to compute the standard error, the point estimate for σ. Se=__?__ (Round to four decimal places as needed.)
x P(X=x) 10 0.1 20 0.15 30 0.2 40 50 0.15 60 0.15 The incomplete table at right is a discrete random variable x's probability distribution, where x is the number of people who will enter a retail clothing store on Saturday. Answer the following: (a) Determine the value that is missing in the table. (b) Explain the meaning of P(x < 40) as it applies to the context of this problem. (c) Determine the value of P(x > 40):...
P $70 $65 $60 $55 $50 ATC $45 $40 $35 AVC MR $30 $25 $20 $15 $10 $5 01234 56789 10 11 12 13 14 Based on the graph above, what is the profit maximizing price? o $45 $25 $5 S40 O $20 $10 $70 $50 S60 $65 S55 SI5 S30 $35
6 7 10 4 13 Xi Vi 50 50 40 60 30 (a) Choose the correct scatter diagram with x on the horizontal axis 60 60 50 50 40 40 30 20 10 30 20 10 10 15 10 15 (iv) 60 60 50 50 40 30 20 10 40 30 20 10 10 15 10 15 (iv) 60 60 50 50 40 40 30 30 20 10 20 10 10 15 10 15 -Select your answer- What does the...