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31 . The domain of X = {1, 2, 3, 4, 5, 6, 7, 8., 9, 10, 11, 12…27}. Because you are drawing without replacement, and 26 of the 52 cards are red, you have to draw a red card within the first 17 draws.

32 . X ~ G (0.24)

33 . μ =   1 p =   1 0.27 = 3.70

34 . σ =   1 p p 2 =   1 0.27 0.27 2 = 3.16

4.5: hypergeometric distribution

35 . Yes, because you are sampling from a population composed of two groups (boys and girls), have a group of interest (boys), and are sampling without replacement (hence, the probabilities change with each pick, and you are not performing Bernoulli trials).

36 . The group of interest is the cards that are spades, the size of the group of interest is 13, and the sample size is five.

4.6: poisson distribution

37 . A Poisson distribution models the number of events occurring in a fixed interval of time or space, when the events are independent and the average rate of the events is known.

38 . X ~ P (4)

39 . The domain of X = {0, 1, 2, 3, …..) i.e., any integer from 0 upwards.

40 . μ = 4
σ = 4 = 2

5.1: continuous probability functions

41 . The discrete variables are the number of books purchased, and the number of books sold after the end of the semester. The continuous variables are the amount of money spent for the books, and the amount of money received when they were sold.

42 . Because for a continuous random variable, P ( x = c ) = 0, where c is any single value. Instead, we calculate P ( c < x < d ), i.e., the probability that the value of x is between the values c and d .

43 . Because P ( x = c ) = 0 for any continuous random variable.

44 . P ( x >5) = 1 – 0.35 = 0.65, because the total probability of a continuous probability function is always 1.

45 . This is a uniform probability distribution. You would draw it as a rectangle with the vertical sides at 0 and 20, and the horizontal sides at 1 10 and 0.

46 . P ( 0   < x < 4 ) = ( 4 0 ) ( 1 10 ) =   0.4

5.2: the uniform distribution

47 . P ( 2   < x < 5 ) = ( 5 2 ) ( 1 10 ) =   0.3

48 . X ~ U (0, 15)

49 . f ( x ) = 1 b a for ( a x b )  so  f ( x ) = 1 30 for ( 0 x 30 )

50 . μ =   a + b 2 =   0 + 30 5 = 15.0
σ =   ( b a ) 2 12 =   ( 30 0 ) 2 12 = 8.66

51 . P ( x < 10 ) = ( 10 ) ( 1 30 ) =   0.33

5.3: the exponential distribution

52 . X has an exponential distribution with decay parameter m and mean and standard deviation 1 m . In this distribution, there will be a relatively large numbers of small values, with values becoming less common as they become larger.

53 . μ = σ = 1 m = 1 10 = 0.1

54 . f ( x ) = 0.2 e –0.2 x where x ≥ 0.

6.1: the standard normal distribution

55 . The random variable X has a normal distribution with a mean of 100 and a standard deviation of 15.

56 . X ~ N (0,1)

57 . z = x μ σ so z = 112 109 4.5 = 0.67

58 . z = x μ σ so z = 100 109 4.5 = 2.00

59 .   z = 105 109 4.5 = −0.89
This girl is shorter than average for her age, by 0.89 standard deviations.

60 . 109 + (1.5)(4.5) = 115.75 cm

61 . We expect about 68 percent of the heights of girls of age five years and zero months to be between 104.5 cm and 113.5 cm.

62 . We expect 99.7 percent of the heights in this distribution to be between 95.5 cm and 122.5 cm, because that range represents the values three standard deviations above and below the mean.

6.2: using the normal distribution

63 . Yes, because both np and nq are greater than five.
np = (500)(0.20) = 100 and nq = 500(0.80) = 400

Questions & Answers

it is the relatively stable flow of income
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branches of macroeconomics
SHEDRACK Reply
what is Flexible exchang rate?
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is gdp a reliable measurement of wealth
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introduction to econometrics
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Tom
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bcoz of existence of frictional unemployment in our economy.
Umashankar
what is flexible exchang rate?
poudel
due to existence of the pple with disabilities
Abdulraufu
the demand of a good rises, causing the demand for another good to fall
Rushawn Reply
is it possible to leave every good at the same level
Joseph
I don't think so. because check it, if the demand for chicken increases, people will no longer consume fish like they used to causing a fall in the demand for fish
Anuolu
is not really possible to let the value of a goods to be same at the same time.....
Salome
Suppose the inflation rate is 6%, does it mean that all the goods you purchase will cost 6% more than previous year? Provide with reasoning.
Geetha Reply
Not necessarily. To measure the inflation rate economists normally use an averaged price index of a basket of certain goods. So if you purchase goods included in the basket, you will notice that you pay 6% more, otherwise not necessarily.
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Yoal
Economic growth Stable prices and low unemployment
Ephraim
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what is inflation
Getu
increase in general price levels
WEETO
Good day How do I calculate this question: C= 100+5yd G= 2000 T= 2000 I(planned)=200. Suppose the actual output is 3000. What is the level of planned expenditures at this level of output?
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how to calculate actual output?
Chisomo
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Beshir
Criteria for determining money supply
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who we can define macroeconomics in one line
Muhammad
Aggregate demand
Mohammed
C=k100 +9y and i=k50.calculate the equilibrium level of output
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A unit of account is something that can be used to value goods and services and make calculations
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Muhammad
I want to know how can we define macroeconomics in one line
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it must be .9 or 0.9 no Mpc is greater than 1 Y=100+.9Y+50 Y-.9Y=150 0.1Y/0.1=150/0.1 Y=1500
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hi can someone help me on this question If a negative shocks shifts the IS curve to the left, what type of policy do you suggest so as to stabilize the level of output? discuss your answer using appropriate graph.
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Kalombe
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Source:  OpenStax, Introductory statistics. OpenStax CNX. May 06, 2016 Download for free at http://legacy.cnx.org/content/col11562/1.18
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