Managerial Economics
see my post above.
DataManagement
Excek spreadsheets are very helpful for these kinds of problem. a) the probability of selecting a female is .3*.4 + .5*.5 + .2*.5 = .47. Ergo, the probability of picking a male is .53. The probability of picking all males is .53^50 = something really small. for n males it (50-...
economics
Because leisure is a normal good. If you cut income taxes, then the after-tax income for each hour worked goes up. This effect alone should cause a person to want to work more. This is the direct substitution effect labor-for-leisure. However, leisure is a desireable thing. Fo...
Managerial Economics
So, I take it, this is a two-by-two table. The rows are Indian River and Interior. The columns are also Indian River and Interior. What are the values in the tables? That is, what do they measure or represent??
Managerial Economics
I'm having mucho trouble here. I need to see the table to see what is going on.
Macroeconomics - NX & Tax
In the long run, in an open economy, imports=exports. If a country limits imports but continues to export, then goods are flowing out and foreign currency flows in. What good is that foreign currency if the holders cant buy anything with it? (Think about it, if imports are com...
Macroeconomics - SOE
Let me elaborate with an example. Say something costs 2 euros and the euros to dollars ratio is 1. So, I need 2 dollars to purchase. (I take my 2 dollars to the exchange, and get 2 euros). Now let the euros/dollars exchange ratio drop to 0.5 NOW, I need to spend 4 dollars to g...
Macroeconomics - SOE
I think of the exchange rate as the number of a foreign currency units per dollar. e.g., euros/dollars. From this perspective, the statement makes perfect sense.
macroeconomics
The Phillips curve plotted inflation against unemployment. So two correct answers: low inflation/unemployment or low unemployment/inflation
Business Statistics
First, calculate the mean (average) number days lost. The deviation, for any observation, is the difference between the observed value and the mean.
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