McTeer stated‚ “Foreign trade has become more important to our economy in recent years. Exports and imports of goods and services have grown rapidly. G.D.P.‚ as I’ve discussed here before‚ is the way economists calculate how much an economy is producing in total goods and services.” ( McTeer‚ 2008) Locate recent articles in the New York Times or Wall Street Journal in which economists are quoted using positive and normative statements. Provide one quote and its context for both a positive and
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Julia’s Food Booth Based on the LP model to maximize profit with the established constraints Julia should sell pizza and hotdogs and not BBQ sandwiches. Based on this model Julia will earn $2250.00 in profit. After buying food supplies for the next game she will have $750 remaining ($2250-1500). Julia’s goal was to clear $1000 in profit which she was not able to meet. It is not clear how Julia is paying for the booth rental each game‚ but assuming she is covering the costs with her profits from
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CLICK TO DOWNLOAD MAT 540 Week 2 Quiz Question 1 If variable costs increase‚ but price and fixed costs are held constant‚ the break even point will decrease. Question 2 Parameters are known‚ constant values that are usually coefficients of variables in equations. Question 3 Probabilistic techniques assume that no uncertainty exists in model parameters. Question 4 In general‚ an increase in price increases the break even point if all costs are held constant. Question 5 P(A | B) is the
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Elementary Statistics iLab Week 6 Statistical Concepts: * Data Simulation * Discrete Probability Distribution * Confidence Intervals Calculations for a set of variables Mean Median 3.2 3.5 4.5 5.0 3.7 4.0 3.7 3.0 3.1 3.5 3.6 3.5 3.1 3.0 3.6 3.0 3.8 4.0 2.6 2.0 4.3 4.0 3.5 3.5 3.3 3.5 4.1 4.5 4.2 5.0 2.9 2.5 3.5 4.0 3.7 3.5 3.5 3.0 3.3 4.0 Calculating Descriptive Statistics Descriptive Statistics: Mean‚ Median Variable N N* Mean SE Mean StDev
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available for the purchase = $1500 Cost per pizza slice = $6 (get 8 slices) =6/8 = $0.75 Cost for a hotdog = $.45 Cost for a barbecue sandwich = $.90 Constraint: 0.75X1 + 0.45X2+ 0.90(X3) ≤ 1500 Oven space: Space available = 3 x 4 x 16 = 192 sq. feet = 192 x 12 x 12 =27648 sq. inches The oven will be refilled before half time- 27648 x 2 = 55296 Space required for pizza = 14 x 14 = 196 sq. inches Space required for pizza slice = 196/ 8 = 24.50 sq. inches Space
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This document MAT 126 Week 1 Quiz contains solutions on these questions: 1. In a survey of 24 college students‚ it was found that 16 were taking an English class‚ 17 were taking a math class‚ and 10 were taking both English and math. How many students were taking a math class only? 2. Find the general term of the set. {8‚ 12‚ 16‚ 20‚ 24‚ . . .} 3. Let U = {5‚ 10‚ 15‚ 20‚ 25‚ 30‚ 35‚ 40} 4. Upon examining the contents of 38 backpacks‚ it was found that 23 contained
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Assume you are the newly hired marketing manager of a company. As you spend time with other peer marketing managers‚ you realize that the company does not place an emphasis on planning within the marketing organization. Why is planning important in marketing? What are the essential components of a marketing plan? How would you convince your supervisor that the marketing department should produce formal marketing plans? Planning is the foundation of business success and marketing planning gives direction
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Solving Proportions Tara Lint MAT 222 Week 1 Assignment Instructor: James Segala August 18‚ 2013 Solving Proportions Proportions exist in the real world. For example‚ in finding out the price of a unit‚ or the population of a specific species. The first problem that we are working with states that “. Bear population. To estimate the size of the bear population on the Keweenaw Peninsula‚ conservationists captured‚ tagged‚ and released 50 bears. One year later‚ a random sample of 100 bears
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Treasure Hunt: Finding the Values of Right Angle Triangles This final weeks course asks us to find a treasure with two pieces of a map. Now this may not be a common use of the Pythagorean Theorem to solve the distances for a right angled triangle but it is a fun exercise to find the values of the right angle triangle. Buried treasure: Ahmed has half of a treasure map‚which indicates that the treasure is buried in the desert 2x + 6 paces from Castle Rock. Vanessa has the other half of the map
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CLICK TO DOWNLOAD MAT 540 Week 4 Homework Chapter 15 problems 2. The manager of the Carpet City outlet needs to make an accurate forecast of the demand for SoftShag carpet (its biggest seller).If the manager does not order enough carpet from the carpet mill‚customers will buy their carpet from one of Carpet City’s many competitors. The manager has collected the following demand data for the past 8 months: Month Demand for Soft Shag Carpet (1‚000 yd.) 1 8 2 12 3 7 4 9
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