According to a study done by De Anza students, the height for Asian adult males is normally distributed with an average of 66 inches and a standard deviation of 2.5 inches. Suppose one Asian adult male is randomly chosen. Let
height of the individual.
~
Find the probability that the person is between 65 and 69 inches. Include a sketch of the graph and write a probability statement.
Would you expect to meet many Asian adult males over 72 inches? Explain why or why not, and justify your answer numerically.
The middle 40% of heights fall between what two values? Sketch the graph and write the probability statement.
IQ is normally distributed with a mean of 100 and a standard deviation of 15. Suppose one individual is randomly chosen. Let
IQ of an individual.
~
Find the probability that the person has an IQ greater than 120. Include a sketch of the graph and write a probability statement.
Mensa is an organization whose members have the top 2% of all IQs. Find the minimum IQ needed to qualify for the Mensa organization. Sketch the graph and write the probability statement.
The middle 50% of IQs fall between what two values? Sketch the graph and write the probability statement.
The percent of fat calories that a person in America consumes each day is normally distributed with a mean of about 36 and a standard deviation of 10. Suppose that one individual is randomly chosen.
Let
percent of fat calories.
~
Find the probability that the percent of fat calories a person consumes is more than 40. Graph the situation. Shade in the area to be determined.
Find the maximum number for the lower quarter of percent of fat calories. Sketch the graph and write the probability statement.
Suppose that the distance of fly balls hit to the outfield (in baseball) is normally distributed with a mean of 250 feet and a standard deviation of 50 feet.
If
distance in feet for a fly ball, then
~
If one fly ball is randomly chosen from this distribution, what is the probability that this ball traveled fewer than 220 feet? Sketch the graph. Scale the horizontal axis X. Shade the region corresponding to the probability. Find the probability.
Find the 80th percentile of the distribution of fly balls. Sketch the graph and write the probability statement.
In China, 4-year-olds average 3 hours a day unsupervised. Most of the unsupervised children live in rural areas, considered safe. Suppose that the standard deviation is 1.5 hours and the amount of time spent alone is normally distributed. We randomly survey one Chinese 4-year-old living in a rural area. We are interested in the amount of time the child spends alone per day. (Source:
San Jose Mercury News )
In words, define the random variable
.
~
Find the probability that the child spends less than 1 hour per day unsupervised. Sketch the graph and write the probability statement.
What percent of the children spend over 10 hours per day unsupervised?
70% of the children spend at least how long per day unsupervised?
the time (in hours) a 4-year-old in China spends unsupervised per day
In economics, a perfect market refers to a theoretical construct where all participants have perfect information, goods are homogenous, there are no barriers to entry or exit, and prices are determined solely by supply and demand. It's an idealized model used for analysis,
When MP₁ becomes negative, TP start to decline.
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 •
Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of lab
Kelo
Extuples Suppose that the short-run production function of certain cut-flower firm is given by: Q=4KL-0.6K2 - 0.112 •
Where is quantity of cut flower produced, I is labour input and K is fixed capital input (K-5). Determine the average product of labour (APL) and marginal product of labour (MPL)
Quantity demanded refers to the specific amount of a good or service that consumers are willing and able to purchase at a give price and within a specific time period. Demand, on the other hand, is a broader concept that encompasses the entire relationship between price and quantity demanded
Ezea
ok
Shukri
how do you save a country economic situation when it's falling apart
Economic growth as an increase in the production and consumption of goods and services within an economy.but
Economic development as a broader concept that encompasses not only economic growth but also social & human well being.
Shukri
production function means
Jabir
What do you think is more important to focus on when considering inequality ?
sir...I just want to ask one question... Define the term contract curve? if you are free please help me to find this answer 🙏
Asui
it is a curve that we get after connecting the pareto optimal combinations of two consumers after their mutually beneficial trade offs
Awais
thank you so much 👍 sir
Asui
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities, where neither p
Cornelius
In economics, the contract curve refers to the set of points in an Edgeworth box diagram where both parties involved in a trade cannot be made better off without making one of them worse off. It represents the Pareto efficient allocations of goods between two individuals or entities,
Cornelius
Suppose a consumer consuming two commodities X and Y has
The following utility function u=X0.4 Y0.6. If the price of the X and Y are 2 and 3 respectively and income Constraint is birr 50.
A,Calculate quantities of x and y which maximize utility.
B,Calculate value of Lagrange multiplier.
C,Calculate quantities of X and Y consumed with a given price.
D,alculate optimum level of output .
the market for lemon has 10 potential consumers, each having an individual demand curve p=101-10Qi, where p is price in dollar's per cup and Qi is the number of cups demanded per week by the i th consumer.Find the market demand curve using algebra. Draw an individual demand curve and the market dema
suppose the production function is given by ( L, K)=L¼K¾.assuming capital is fixed find APL and MPL. consider the following short run production function:Q=6L²-0.4L³ a) find the value of L that maximizes output b)find the value of L that maximizes marginal product
