Saturday
April 19, 2014

Homework Help: economics

Posted by Felix on Tuesday, November 24, 2009 at 1:23pm.

A professor of economics gives multiple choice exams each semester. He curves the exams by giving the maximum possible points to the high score on the exam. For example, if a 50 question exam is worth 100 points and the top score in the class is 40, then each question is worth 100/40 = 2.5 points if answered correctly and 0 otherwise. Grades are then awarded as follows: 65% or better = “excellent”, 48% or better = “good”, 34% or better = “satisfactory”, and below 34% = “fail”.
A. Could the students form a cartel (sustainable or not) to ensure that each student received an “excellent” for the exam?
B. Would a student who was concerned with relative class standing have an incentive to cheat?
C. Is it likely that such a cartel would be successful in a large class?
D. If the students form a successful cartel, what grade would each student receive on the exam?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

MATH - Katie must take five exams in a math class. Her scores on the first four ...
stats - Identify the direction and all possible interpretations of each of the ...
stats - Identify the direction and all possible interpretations of each of the ...
Statistics - 5. Scores on a recent national statistics exam were normally ...
Math - Professor Smith gives only a midterm exam and a final exam. The average ...
math - A mean average of 60 on 7 exams is needed to pass a course. on his first ...
math - nadia has taken 3 exams and her average score so far is 80.If she gets ...
math - omar has taken 4 exams and his average score so far is a 79.If he gets ...
Statistic- Average - A mean average of 60 on 6 exams is needed to pass a course...
algebra - Mike needs at least a 75% average to pass his math course. The class ...

Search
Members