International Business: The Challenges of Globalization (8th Edition)
International Business: The Challenges of Globalization (8th Edition)
8th Edition
ISBN: 9780133866247
Author: John J. Wild, Kenneth L. Wild
Publisher: PEARSON
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Chapter 15, Problem 3TAI2
Summary Introduction

Case summary:

The world’s leading computer software companies have their home in the United States and most of these frequently outsource software development in other countries. This includes Egypt, India, Ireland, Israel, Malaysia and many more.

Adequate information:

The home for most of the software companies is company X. and most of these companies give software to other companies.

To Determine:

Companies became suppliers to the software industries

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Suppose three countries’ per capita Gross Domestic Products (GDPs) are £1000, £2000, and £3000. What is the average of each pair of countries’ GDPs per capita? (b) What is the difference between each of the individual observations and the overall average? What is the sum of these differences? (c) Suppose instead of three countries, we had a sample of 100 countries with the same sample average GDP per capita as the overall average for the three observations above, with the standard deviation of these 100 observations being £1000. Form the 95% confidence interval for the population mean. (d) What might explain differences in GDP across countries?       Consider the following regression equation, where Earnings is measured in £/hour, and Experience is measured in years in a particular job, with standard errors in parentheses: Earnings \ = −0.25 (−0.5) + 0.2 (0.1) Experience,   One of these numbers has been reported incorrectly - it shouldn’t be negative. Which one and why? (b)…
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