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- Jack and Diane work at a bakery. Jack can make either five batches of cookies or two cakes per hour, while Diane can make either four batches of cookies or three cakes per hour. At 9:00 a.m. they receive an order for 24 batches of cookies and nine cakes. What time is the soonest they can have the order ready?Becky is deciding whether to purchase an insurance for her home againtst burglary. the payoff for her is shown as follow: Net worth of her Net worth of her home: $ 20000 burglary(10%) Net worth of her Net worth of her home: $50000 burglary (90%) The insueance would cover all the loss from burlary and the insurance fee is $8000. Her utility funtion is given as u=w ^0.3 Should Beck purchase the insurance Explain.Im confused on how to complete this
- Solve it correctly.Marke is 22 years old, and has just been offered a job as manager of a clothing store in a nearby mall. Mark is confident he can make a profit for several reasons. He has always been interested in fashion and knows what clothes are popular. He paid his way through college by working at several small stores, and thus picked up practical experience. In addition, Mark studied buying and selling in school. His business courses taught him the basic techniques for running stores profitably. If the store makes enough profit, Mark is sure he will get a large bonus at the end of the year. Basic Economic Questions From what you have read, fill in the chart below with examples that show how each economy would answer the basic economic questions. Economy What and how much should What type of Who should How should Who should share in what produce what? goods and services be produced? economic be produced? is produced? system is described? Mark's:4. In a paper published in 2020, Robson and co-author Saul Schwartz, a professor in the School of Public Policy at Carleton, found that about 11% of Canadians don't file their tax returns.In our ECON224 class of 35 students: (a) What is the probability that at least 6 students won’t file their tax returns this year? (b) What is the probability that more than 30 students will file their tax returns this year? (c) What is the probability that the number of students in our ECON224 class who won’t file a tax return this year will be greater than 2 but less than 7? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- 2. Calculate the probabilities that a. the battery life is between 7.5 and 8 hours; and b. the battery life is less than 8 hours. Are these two probabilities different? Explain why or why not. 3. Suppose that you randomly picked 100 iPhones and calculated the average battery life for these phones. Provide your best guess of the value of the average.Q3/ The probability that a consumer will rate a new antipollution device for cars What are the probabilities that it will rate the device (a) very poor, poor, fair, or good; (b) good, very good, or excellent? Rate Poor Fair Very good Excellent Very poor Good Probability 0.07 0.12 0.17 0.32 0.21 0.11The promoter of a football game is concerned that it will rain. She has the option of spending $14,040 on insurance that will pay $39,000 if it rains. She estimates that the revenue from the game will be $65,040 if it does not rain and $30,040 if it does rain. What must the chance of rain be if buying the policy has the same expected return as not buying it? Write expressions showing the expected returns if the promoter does and does not purchase the insurance, using p to represent the probability of rain. Without insurance, E(return) = With insurance, E(return) = The chance of rain must be _%.