The nation of Waipo has recently created an eco- nomic development plan that includes expanded exports and imports. It has completed a series of ex- tensive studies of the world economy and Waipo’s economic capability, following Waipo’s extensive 10-year educational-enhancement program.
The nation of Waipo has recently created an eco- nomic development plan that includes expanded exports and imports. It has completed a series of ex- tensive studies of the world economy and Waipo’s economic capability, following Waipo’s extensive 10-year educational-enhancement program. The re- sulting model indicates that in the next year exports will be
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Determine the mean and variance of the trade balance (exports minus imports) if the model parameters given above are true.
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What is the probability that the trade balance will be positive?
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