Please show work.
When the prices were ($5, $1), Vanessa chose the bundle (x, y) =...
Please show work.
When the prices were ($5, $1), Vanessa chose the bundle (x, y) =
(6, 3). Now at the new prices, (px, py), she chooses the bundle (x,
y) = (5, 7). For Vanessa’s behavior to be consistent with the weak
axiom of revealed preference, it must be that
a. 4py < px.
b. px < 4py.
c. 5py < px.
d. py = 5px.
e. None of the above.
Please explain/show work.
When prices are ($6, $3), Holly chooses the bundle (9, 18), and
when...
Please explain/show work.
When prices are ($6, $3), Holly chooses the bundle (9, 18), and
when prices are ($1, $2), she chooses the bundle (8, 14).
a. The bundle (9, 18) is revealed preferred to the bundle (8,
14) and she does not violate WARP.
b. She violates SARP but not WARP.
c. The bundle (8, 14) is revealed preferred to the bundle (9,
18) and she does not violate WARP.
d. She violates WARP.
e. None of the above.
Suppose a firm produce paper using 2 inputs. When input prices
are ($8,$10) the firm uses...
Suppose a firm produce paper using 2 inputs. When input prices
are ($8,$10) the firm uses input bundle (10,10). When the prices
are ($10,$6) the firm uses bundle (2,18). The amount of output is
the same in both case, this behavior is consistent with Weak Axiom
of Cost Minimization
True or False?
Find the standard deviation of 4, 9, 11, 12, 17, 5, 8, 12, 14.
The answer...
Find the standard deviation of 4, 9, 11, 12, 17, 5, 8, 12, 14.
The answer should have two decimals.
Please show your work.
Suppose prices are given by p1 = 2 and p2
= 4. Which of the following...
Suppose prices are given by p1 = 2 and p2
= 4. Which of the following consumption patterns are consistent
with the assumption that the consumer chooses the consumption
bundle that he prefers the most among those affordable if his
preferences are non-satiated (“more-is-better”) and strictly
convex?
(a) If m = 10, he consumes (2, 1). If m = 14, he consumes (3,
2).
(b) If m = 12, he consumes (2, 2). If m = 18, he consumes (1,...
Given the data set A = {5, 4, 6, 14, 2, 2, 11, 4, 5, 8,...
Given the data set A = {5, 4, 6, 14, 2, 2, 11, 4, 5, 8, 3, 1,
12, 15, 13}, which is the data of a sample taken from a larger
population. Please Solve NOT Using Excel
Calculate the mean deviation Show all work! (5
pts)
Mean= 7
MD= (|5-7|+ |4-7|+
|6-7|+|14-7|+|2-7|+|2-7|+|11-7|+| 4-7|+ |5-7|+| 8-7|+|
3-7|+|1-7|+|12-7|+ |15-7|+| 137|)/7
Mean deviation = 4.13
Calculate the variance Show all work! (5
pts)
Calculate the standard deviation Show all
work! (5...
Consider the following:
period 1, 2, 3, 4, 5, 6, 7, 8
demand 7, 8, 9,...
Consider the following:
period 1, 2, 3, 4, 5, 6, 7, 8
demand 7, 8, 9, 10, 14, 16, 13, 16
a. using a trend projection, forecast the demand for period
9
b. calculate the MAD for this forecast
Show all work! do not use excel or phstat!!!
Let A = {0, 3, 6, 9, 12}, B = {−2, 0, 2, 4, 6, 8,...
Let A = {0, 3, 6, 9, 12}, B = {−2, 0, 2, 4, 6, 8, 10, 12}, and C
= {4, 5, 6, 7, 8, 9, 10}.
Determine the following sets:
i. (A ∩ B) − C
ii. (A − B) ⋃ (B − C)
3, Work problem on Page 8-11, Question 12. Consider the
following data drawn from a normal...
3, Work problem on Page 8-11, Question 12. Consider the
following data drawn from a normal distribution population: 4, 8,
12, 11, 14, 6, 12, 8, 9, 5 Construct a 90% confidence interval for
the population mean.
Show steps please