2. The average Swedish household spent its disposable income (i.e., budget) onthe following categories of goods and services:Category1. Food and non-alcoholic beverages%12,02. Alcoholic beverages and tobacco3,53. Clothes and shoes5,14. Housing (incl. electricity, gas and heating)26,15. Furniture and other household articles5,26. Health and household care3,17. Transports13,98. Post, tele and other communication3,19. Leisure, entertainment and culture11,710. Hotels, cafés and restaurants5,911. Other10,6The average disposable income was Y = 200000kr, in 2007 (we assume).It is obvious that each category in the table contains many different goodsso it is difficult to define a price for each category. However, we are oftenmostly interested in how demand changes as prices and/or disposableincome changes. We can therefore define the "base-prices" for eachcategory to be equal to 1 for all, and "normalize" the units of each categorysuch that one unit of one good is initially exchanged for one unit of anothergood.household has a utiliy function of the Cobb-(a) If the averageDouglastype, how many of these normalized units will it consume foreach category of goods and services?

Effective Disposable income is the net income available to the consumer after income taxes.…

Answered: 2. The average Swedish household spent…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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1.6 ACSF L5 SC Statistics: Tables, Charts and Diagrams Tables, Charts and Diagrams Average prices (in dollars) were recorded for three types of beverage across all 8 major Australian states and territories. What fraction of all the beverages shown cost more than $3.50? 4.20 4.10 4.00 3.90 3.80 3.70 3.60 3.50 3.40 3.30 3.20 3.10 3.00 2.90 2.80 2.70 2.60 0 ACT NSW ☎ Exit NT QLD ■ Espresso Flat White Help 1 SEARCH LIBRARY [EE] Submit your question to our 24/7 subject matter experts with Masters and PhDs and get a solution in as fast as 30 minutes* BI Add Image ACT וכ NSW ASK AN EXPERT NT X² X₂ !!! CONTINUE QLD !!! Cappuccino Espresso LIVE CHAT Like you, we deeply value honesty and integrity. Learn about our honor code. *Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers and new subjects. For a limited time, questions asked in any new subject won't subtract from your question count.…
23. An enquiry into the budgets of middle class families in Mumbai gave the Cilbwing information : Expenses on Food 35% Rent 15% Clothing 20% Fuel 10% Misc. 20% Price (2016) (Rs.) 2500 2000 1400 400 600 2850 2200 1498 500 960 Price (2017) (Rs.) What changes in the cost of living figure of 2017 have taken place compared to 2016? R bons b
State Sales Tax Rate* Alabama Alaska Arizona 4% 0% Hawaii Idaho 6.6% Illinois Florida Georgia Arkansas California 7.25% Iowa Colorado 6% Indiana 4% Massachusetts 6.25% 6% Michigan 6% Minnesota 61% 7% Mississippi 6% Missouri Montana 2.9% Kansas 6.3% Connecticut 6% Kentucky 6% Delaware 0% Louisiana 4% 6% Maine 4% Maryland 5% 6% Nebraska Nevada New Hampshire New Jersey 6.875% 7% 4.225% 0% 5.5% 6.85% 0% New Mexico New York North Dakota North Carolina 5.75% Ohio Oklahoma Oregon Pennsylvania Rhode Island 5.125% 7% South Carolina 4% 5% 5.5% 4.5% 0% 6% 7% 6% South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming 4% 7% 6.25% 4.7% 6% 4% 6.5% 6% 5% 4%
Pop (1000's) Exports in billion $ 22,757 81.2 43,586 30.8 47,904 172.6 40,038 120.5 8,875 95.5 7,283 91.3 66,494 26.9 2,407 46 59,648 282 278,059 776 23,917 32.8 1,029,991 43.1 228,437 64.7 66,129 25 23,332 21.8 3,840 73.5 57,680 241.1 126,771 450 2,041 23.2 5,240 13.9 443 7.6 101,879 168 15,981 210.3 3,864 14.6 126,635 22.2 4,503 59.2 38,634 28.4 10,066 26.1 769 9.8 145,470 105.1
stüdentS (3) The population is classified by their economic status: poor, middle-class and rich. Every year, people moving up and down the economic ladder according to From: To: рoor middle-class rich 0.9 0.05 0.05 рor middle-class 0.1 0.8 0.1 rich 0.02 0.02 0.96 In year 2011, a 100-family town is made up of 30 poor, 40 middle-class and 30 rich families, a. what will be the makeup of this town in year 2012? b. what will be the makeup of this town in year 2015? c. what was the makeup of this town in year 2010?
15. Medical School Tuition Listed below in dollars are the annual costs of tuition at the 10 most expensive private medical schools in the United States for a recent year (based on data from U.S. News & World Report). What does this "top 10" list tell us about those costs for the population of all U.S. private medical school tuitions? 57,261 56,784 55,196 54,976 54,653 54,528 54,268 54,050 53,581 53,323 16. California Smokers In the California Health Interview Survey, randomly selected adults are interviewed. One of the questions asks how many cigarettes are smoked per day, and results are listed below for 50 randomly selected respondents. How well do the results reflect the smoking behavior of California adults? 9 10 10 20 40 50 (Plus 44 other values that are all 0)
1.) Below are prices per gallon of regular gasoline at various Shell and Mobil gas stations. Shell: $3.34 $3.56 $3.90 $4.01 $4.12 $3.36 $3.59 Mobil: $23.24 $3.25 $3.99 $3.99 $4.33 $2.99 $3.23 $2.90 $3.56 $3.12 At a= 0.01, test the claim that these two gas chains have the same average gas prices. a.) Use a hypothesis test b.) Use an appropriate confidence interval 1a.) H0: ______________________ H1: ___________________ t= ________________ P-value __________________ Conclusion: _________________________________ b.) t a/2 = ____________________ CI: ____________________________ Conclusion: ___________________________________________
Discuss this chart
According to the following bar graph, hydroelectric and nuclear power combined account for of all energy sources. 6.0 Oil - 38% 5.0 Coal 4.0 26% Gas 23% 3.0 2.0 Hydroelectric 6% Nuclear 01% Geothermal, Solar, Wind, and Wood 6% 1.0 0.0 12 % 38 % 1% 49 %
Quarter 2005 2006 2007 2008 2009 2010 Qtr1 5,206 5,226 6,103 7,379 7,169 7,525 Qtr2 6,310 6,476 7,733 9,046 8,267 8,674 Qtr3 6,037 6,454 7,690 8,393 8,044 8,426 Qtr4 5,551 5,932 7,331 7,126 7,510 10,494 (a-1) Use MegaStat or Minitab to deseasonalize Coca-Cola’s quarterly data. (Round your answers to 3 decimal places.) 1 2 3 4 2005 ? ? ? ? 2006 ? ? ? ? 2007 ? ? ? ? 2008 ? ? ? ? 2009 ? ? ? ? 2010 ? ? ? ? mean ? ? ? ? (a-2) State the adjusted four quarterly indexes. (Round your answers to 3 decimal places.) Q1 Q2 Q3 Q4 (a-3) What is the trend model for the deseasonalized time series? (Round your answers to 2 decimal places.) yt = _________ xt + _____________ (b) State the model found when performing a regression using seasonal binaries. (A negative value should be indicated by a minus sign. Round your answers to 4 decimal places.) yt = _________ +…
6 A publisher wants to estimate the mean length of time (in minutes) all adults spend reading newspapers. To determine this estimate, the publisher takes a random sample of 15 people and obtains the results below. From past studies, the publisher assumes σ is 1.8 minutes and that the population of times is normally distributed. 10 12 9 7 8 10 9 7 8 11 6 8 10 10 6 Construct the 90% and 99% confidence intervals for the population mean. Which interval is wider? If convenient, use technology to construct the confidence intervals.

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