(c) Merely establishing dumping, that is, the average selling price in Japan is higher thanthe average selling price in the U.S., is not useful from the perspective of a tradenegotiator - one needs to establish a margin of dumping. To see if the margin of dumpingis at least one hundred dollars, test the null hypothesis that the average U.S. selling priceis hundred dollars less than the average Japanese selling price versus the appropriatealternative hypothesis. Calculate the test statistic up to five places of decimals and findthe p-value.HO: μ2 = μ1 -0.1Ha: μ2 < μ1 -0.1 In recent years, the United States and Japan have engaged in intense negotiationsregarding restrictions on trade between the two countries. One of the claims maderepeatedly by U.S. officials is that many Japanese manufacturers price their goods higherin Japan than in the United States, in effect subsidizing low prices in the United States byextremely high prices in Japan. According to the U.S. argument, Japan accomplishes thisby keeping competitive U.S. goods from reaching the Japanese marketplace. In tradeparlance, this practice of subsidizing the discounted price charged in an open market bycharging a premium price in a captive market is known as dumping.An economist decided to test the hypothesis that higher retail prices are being charged forJapanese automobiles in Japan than in the United States. She obtained independentrandom samples of 50 retail sales in the United States and 50 retail sales in Japan overthe same time period and for the same model of automobile, and converted the Japanesesales prices from yen to dollars using current conversion rates. The data, in thousands ofdollars, is recorded in the file AutoStudy.xlsx.USA Mean: 16.596USA Standard Deviation: 1.98144Japan Mean: 17.236Japan Standard Deviation: 1.974093

Let X1 be the selling price for the USA. X2 is the selling price for Japan. Given that, n1=number of…

Answered: negotiator - one needs to establish a…

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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In recent years, the United States and Japan have engaged in intense negotiations regarding restrictions on trade between the two countries. One of the claims made repeatedly by U.S. officials is that many Japanese manufacturers price their goods higher in Japan than in the United States, in effect subsidizing low prices in the United States by extremely high prices in Japan. According to the U.S. argument, Japan accomplishes this by keeping competitive U.S. goods from reaching the Japanese marketplace.            Automobile Retail Prices (thousands of dollars) USA Sales: 18.2 16.2 17.2 18.7 18.4 16.6 14.9 16.8 12.1 10.8 18.5 15.5 16.2 16.3 18.2 19.5 13.2 16.8 12.9 17.2 18.2 16.3 16.8 16.4 18.6 15.6 17.1 18.1 18.9 19.0 17.3 18.8 14.9 16.7 20.3 17.1 14.6 17.2 13.0 18.4 16.9 13.3 16.3 15.9 16.6 17.6 16.0 17.1 14.6 18.0 Japan Sales:…
In recent years, the United States and Japan have engaged in intense negotiations regarding restrictions on trade between the two countries. One of the claims made repeatedly by U.S. officials is that many Japanese manufacturers price their goods higher in Japan than in the United States, in effect subsidizing low prices in the United States by extremely high prices in Japan. According to the U.S. argument, Japan accomplishes this by keeping competitive U.S. goods from reaching the Japanese marketplace.            Automobile Retail Prices (thousands of dollars) USA Sales: 18.2 16.2 17.2 18.7 18.4 16.6 14.9 16.8 12.1 10.8 18.5 15.5 16.2 16.3 18.2 19.5 13.2 16.8 12.9 17.2 18.2 16.3 16.8 16.4 18.6 15.6 17.1 18.1 18.9 19.0 17.3 18.8 14.9 16.7 20.3 17.1 14.6 17.2 13.0 18.4 16.9 13.3 16.3 15.9 16.6 17.6 16.0 17.1 14.6 18.0 Japan Sales:…
In recent years, the United States and Japan have engaged in intense negotiations regarding restrictions on trade between the two countries. One of the claims made repeatedly by U.S. officials is that many Japanese manufacturers price their goods higher in Japan than in the United States, in effect subsidizing low prices in the United States by extremely high prices in Japan. According to the U.S. argument, Japan accomplishes this by keeping competitive U.S. goods from reaching the Japanese marketplace.            Automobile Retail Prices (thousands of dollars) USA Sales: 18.2 16.2 17.2 18.7 18.4 16.6 14.9 16.8 12.1 10.8 18.5 15.5 16.2 16.3 18.2 19.5 13.2 16.8 12.9 17.2 18.2 16.3 16.8 16.4 18.6 15.6 17.1 18.1 18.9 19.0 17.3 18.8 14.9 16.7 20.3 17.1 14.6 17.2 13.0 18.4 16.9 13.3 16.3 15.9 16.6 17.6 16.0 17.1 14.6 18.0 Japan Sales:…
5. The most common justification provided for the tax subsidy to homeownership in the US is that homeownership has positive externalities that renting does not. As Glaeser and Shapiro (2002) write: "To its supporters, the home mortgage interest deduction is the cornerstone of American society. Homeownership gives people a stake in society and induces them to care about their neighborhoods and towns. By subsidizing property ownership, the deduction induces people to invest and then to have a stake in our democracy. Ownership makes people vote for long-run investments instead of short-run transfers." Consider the following regression model: Мeetingsi 3D Bo + Bi x Нотеower + u Meetings is the number of town hall meetings the individual attended in the last year and Homeowner equals 1 if the individual is a homeowner. A researcher who collects data and regresses Meetings against Homeowner finds that B, > 0. The OLS estimator, B, however, likely suffers from omitted variable bias because…
8. The labor union and management of a particular company have been negotiating a new labor contract. However, negotiations have now come to an impasse, with management making a “final" offer of a wage increase of $1.10 per hour and the union making a “final” demand of a $1.60 per hour increase. Therefore, both sides have agreed to let an impartial arbitrator set the wage increase somewhere between $1.10 and $1.60 per hour (inclusively). The arbitrator has asked each side to submit to her a confidential proposal for a fair and economically reasonable wage increase (rounded to the nearest dime). From past experience, both sides know that this arbitrator normally accepts the proposal of the side that gives the most from its final figure. If neither side changes its final figure, or if they both give in the same amount, then the arbitrator normally compromises halfway between ($1.35 in this case). Each side now needs to determine what wage increase to propose for its own maximum…
The SweetTooth Candy Company knows it will need 10 tons of sugar six months from now to implement its production plans. The company has essentially two options for acquiring the needed sugar. It can either buy the sugar at the going market price when it is needed, six months from now, or it can buy a futures contract now. The contract guarantees delivery of the sugar in six months but the cost of purchasing it will be based on today’s market price. Assume that possible sugar futures contracts available for purchase are for five tons or ten tons only. No futures contracts can be purchased or sold in the intervening months. Thus, SweetTooth’s possible decisions are to (1) purchase a futures contract for ten tons of sugar now, (2) purchase a futures contract for five tons of sugar now and purchase five tons of sugar in six months, or (3) purchase all ten tons of needed sugar in six months. The price of sugar bought now for deliv- ery in six months is $0.0851 per pound. The transac- tion…
Sharp Outfits is trying to decide whether to ship some customer orders now via UPS or wait until after the threat of another UPS strike is over. If Sharp Outfits decides to ship the requested merchandise now andthe UPS strike takes place, the company will incur $60,000 in delay and shipping costs. If Sharp Outfits decides to ship the customer orders via UPS and no strike occurs, the company will incur $4000 in ship-ping costs. If Sharp Outfits decides to postpone shipping its customer orders via UPS, the company will incur $10,000 in delay costs regardless of whether UPS goes on strike. Let p represent the probabilitythat UPS will go on strike and impact Sharp Outfits’s shipments.a. For which values of p, if any, does Sharp Outfits minimize its expected total cost by choosing to postpone shipping its customer orders via UPS? b. Suppose now that, at a cost of $1000, Sharp Outfits can purchase information regarding the likelihood of a UPS strike in the near future. Based on similar…
11. Manfred is considering job offers of the same type of sales position from two retailers with similar product lines: ● Supreme Audio & Video is offering a base salary of $2000 per month plus a 4% commission rate on sales. ● Buy-Right Electronics will pay a base salary of $1500 per month plus commission rates of 3% on the first $25,000 of sales and 6% on additional sales in a month. Based on past experience in similar sales positions, Manfred is confident he can attain average monthly sales of $55,000. At this level of sales, what would be his average gross earnings per month from each retailer? 12. A shoe salesman is paid the greater of $600 per week or 11% of sales. a. What are his earnings for a week in which sales are $5636? b. At what volume of sales per week will he start to earn more from the commission-based compensation? 13. Tom sells mutual funds on a graduated commission structure. He receives 3.3% on the first $50,000 of sales in a month, 4.4% on the next $50,000, and…
A business executive, transferred from Chicago to Atlanta, needs to sell her house in Chicago quickly. The executive's employer has offered to buy the house for $205,000, but the offer expires at the end of the week. The executive does not currently have a better offer but can afford to leave the house on the market for another month. From conversations with her realtor, the executive believes the price she willl get by leaving the house on the market for another month is uniformly distributed between $200,000 and $220,000. (a) If she leaves the house on the market for another month, what is the mathematical expression for the probability density function of the sales price? Let x = sales price. $200,000 s xS $220,000 f(x) = elsewhere (b) If she leaves it on the market for another month, what is the probability she will get at least $215,000 for the house? (c) If she leaves it on the market for another month, what is the probability she will get less than $205,000? (d) Should the…
8) Send With Us is a company that ships large packages overnight to cities all over the country. Overnight delivery is guaranteed. They charge for delivery depending on the weight of the package according to the following price list: $30 per pound for packages weighing up to and including 10 pounds. $25 per pound for packages weighing more than 10 pounds and up to and including 20 pounds $20 per pound for packages weighing more than 20 pounds and up to and including 30 pounds. $15 per pound for packages weighing more than 30 pounds. a) Sketch a graph of the function that describes the cost of all possible shipping charges. b) If the package you want to ship weighs 15 pounds and there is an 8% tax on all shipping charges, what will be your total cost?
Digitalis is a technology company that makes high-end computer processors. Their newest processor, the luteA, is going to be sold directly to the public. The processor is to be sold for $3300 , making Digitalis a profit of $429 . Unfortunately there was a manufacturing flaw, and some of these luteA processors are defective and cannot be repaired. On these defective processors, Digitalis is going to give the customer a full refund. Suppose that for each luteA there is a 13% chance that it is defective and an 87% chance that it is not defective.(If necessary, consult a list of formulas.) If Digitalis knows it will sell many of these processors, should it expect to make or lose money from selling them? How much? To answer, take into account the profit earned on each processor and the expected value of the amount refunded due to the processor being defective. Digitalis can expect to make money from selling these processors. In the long run,…
3. The research department of the Allied Manufacturing Company has developed a new process that it believes will result in an improved product. Management must decide whether or not to go ahead and market the new product. The new product may be better than the old or it may not be better. If the new product is better and the company decides to market it, sales should increase by $120,000. If it is not better and they replace the old product with the new product on the market, they will lose $50,000 to competitors. If they decide not to market the new product they will lose $30,000 if it is better, and research costs of $20,000 if it is not. (a) Prepare a payoff matrix. (b) If management believes the probability that the new product is better to be .3, find the expected profits under each strategy and determine the best action.

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