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a. Suppose X is a normal random variable with mean 2 and standard deviation 10. Find P(X < -5),
P(X >= 0), and P(X >= 10).
b. Suppose that X is a normal random variable with mean 100 and standard deviation 6. Find P(X <= 110), P(X >= 85), and P(X <= 100).
c. Suppose that X is a normal random variable with mean 30 and standard deviation 2. Find P(X >= 28), P(27 <= X <= 34), and P(X <= 35).
Which of the following amount of Marginal Costs and Marginal Benefits that indicates best production?
a. 3,000 units at which MC=$10 and MB=$13.
b. 11 units at which MC=$4 and MB=$3.Ā
c. 43,227 units at which MC=$99 and MB=$99.
d. 82 units at which MC<MB.
e. 5 unit at which MB<MC.
Ā
Based on the information below (2 countries x 2 products), if US has a comparative advantage in producing Almonds, what can you say about X? (note: figures represent production or output.) Please assume that X is a positive number.
Almonds Rice
US 203 6
Korea 2 X.