EBK STATISTICS FOR MANAGEMENT AND ECONO
EBK STATISTICS FOR MANAGEMENT AND ECONO
10th Edition
ISBN: 8220102958609
Author: KELLER
Publisher: YUZU
Question
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Chapter 10.3, Problem 41E

a:

To determine

Calculate the sample size.

a:

Expert Solution
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Explanation of Solution

Sample size (n) can be calculated as follows.

Sample size=(Z90%×Standard deviationPopulation mean)2=(1.645×5010)2=68

Sample size is 68.

b:

To determine

Calculate the new sample size with standard deviation of 100.

b:

Expert Solution
Check Mark

Explanation of Solution

Sample size (n) can be calculated as follows.

Sample size=(Z90%×Standard deviationPopulation mean)2=(1.645×10010)2=271

Sample size is 271.

c:

To determine

Calculate the sample size with 95% confidence level.

c:

Expert Solution
Check Mark

Explanation of Solution

Sample size (n) can be calculated as follows.

Sample size=(Z95%×Standard deviationPopulation mean)2=(1.96×5010)2=97

Sample size is 97.

d:

To determine

Calculate the sample size with new population mean.

d:

Expert Solution
Check Mark

Explanation of Solution

Sample size (n) can be calculated as follows.

Sample size=(Z90%×Standard deviationPopulation mean)2=(1.645×5020)2=17

Sample size is 17.

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Problema 4 (20 puntos): Supongamos que tenemos un ingreso de $120 y enfrentamos los precios P₁ =6 y P₂ =4. Nuestra función de utilidad es: U(x1, x2) = x0.4x0.6 a) Planteen el problema de optimización y obtengan las condiciones de primer orden. b) Encuentren el consumo óptimo de x1 y x2. c) ¿Cómo cambiará nuestra elección óptima si el ingreso aumenta a $180?
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