3 years ago

To minimize central tendency bias, a manager should:

Business

1 answer:

azamat3 years ago

8 0

Answer:

To minimize central tendency bias, a manager should: define an accurate profile with both high and low points- c.

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2 years ago

American energy review reported that 27% of american households burn wood. if a random sample of 500 american households is sele

Juli2301 [7.4K]

This is binomial distribution problem. 
We are given that:

n = sample size = 500

p = proportion which burns wood = 0.27,

q = proportion which does not burn wood = 1-p = 0.73

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Mean = n*p

Mean = 500 * 0.27

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safety equipment like fire extinguishers in fire blankets are used to prevent accidents Is This True Or False

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3 years ago

As the number of firms in an oligopoly increases, a. the total quantity of output produced by firms in the market gets closer to

Aleksandr [31]

Answer:

A is the correct answer.

Explanation:

Oligopoly is the market form in which a small number of large sellers dominate. It results in the reduction of the competition and leads to higher prices for consumers. they have their market structure. In oligopoly each firm stays aware of others, hence their decisions influence others and vice versa. The developed economies are dominated by Oligopolies. For example, if the total market share of the American telecom companies (Verizon wireless, AT and T and T mobile ) is combined, it comes out to be more than ninety percent.

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3 years ago

A policy maker is unsure of the true marginal damages associated with a good, but they know that the marginal externality is con

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Answer: True

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Marginal externality is constant. However, it may not be calculated with accuracy. Hence, there's need for estimates at reasonable levels.

Hence, the policymaker's estimate of $35/ unit is reasonable and within the acceptable range of between $10 and $50/unit. Also, the tax charge raises social welfare compared to no tax at all.

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3 years ago