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Course: BIOOC 2580, Fall 2010School: University of Guelph
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University of Guelph - BIOOC - 2580
University of Guelph - BIOOC - 2580
University of Guelph - BIOOC - 2580
University of Guelph - BIOOC - 2580
University of Guelph - BIOOC - 2580
B IOC*2580 Fall 2007 Final ExaminationF riday December 7, 2007; 8:30 a.m. Instructor: Dr. David JosephyInstructions: No written aids or programmable calculators may be brought into the exam. Electroniccommunication devices (such as cellular telephones)
University of Guelph - BIOOC - 2580
PLEASE PRINT YOUR NAME HERE, AS LEGIBLY AS POSSIBLESURNAME: _GIVEN NAME: _STUDENT NUMBER: _Remember to enter your name and student number on the scantron card!(Your e-mail address is not required.)BIOC*2580 FINAL EXAMINATION FALL 2008Wedn., Dec. 3,
University of Guelph - BIOOC - 2580
Name:_Student Number:_BIOC*2580 Final Examination Winter 2010Thursday, April 22nd, 2010, 7:00 9:00 p.m.PLEASE PRINT YOUR NAME HERESURNAME: _given NAME: _Student number: _Remember to enter your name and student number on the scantron card! (Your e-
University of Guelph - BIOOC - 2580
BIOC 2580FALL 2010FINALPRACTICE PACKAGEYou MUST print off the mock final beforecoming to session. There will be NO copiesavailable.We will write in the first half and take up in thesecond half of session on Friday December 3rdfrom 1-4pm in Librar
University of Guelph - BIOOC - 2580
University of Guelph - BIOOC - 2580
University of Guelph - BIOOC - 2580
University of Guelph - BIOOC - 2580
University of Guelph - BIOOC - 2580
University of Guelph - BIOOC - 2580
University of Guelph - BIOOC - 2580
University of Guelph - BIOOC - 2580
University of Guelph - BIOOC - 2580
University of Guelph - BIOOC - 2580
University of Guelph - BIOOC - 2580
University of Guelph - BIOOC - 2580
University of Guelph - BIOOC - 2580
University of Guelph - BIOOC - 2580
University of Guelph - BIOOC - 2580
University of Guelph - BIOOC - 2580
#James#J#a#m#e#s#M#i#n#g#L#i#U#S#i#m#S#u#n#d#oe#*#A# )#
University of Guelph - BIOOC - 2580
Name _ Student number _University of GuelphDepartment of Chemistry and BiochemistryChem*2580Introductory BiochemistryMidterm Examination. October 22, 2002. Time allowed, 75 min.Answer questions 1-20 on the computer scoring sheet provided.Only one o
University of Guelph - BIOOC - 2580
Name _Student number _University of GuelphDepartment of Chemistry and BiochemistryChem*2580Introductory BiochemistryMidterm Examination. October 22, 2002.Time allowed, 75 min.Answer questions 1-20 on the computer scoring sheet provided.Only one o
Purdue - ECON - 251
8/21/2011Definition of EconomicsChapter 1: What isEconomics?Lecture 1: Definition ofEconomics Economics =Social science that studies the choices wemake as we cope with scarcity and theincentives that influence and reconcile ourchoices1Ch1: Wha
Purdue - ECON - 251
8/21/2011ScarcityChapter 1: What isEconomics? Scarcity = available resources areinsufficient to satisfy wantsLecture 2: Scarcity, Resources,and Incentives Whats not scarce?Ch1: What is EconomicsLecture 2: Scarcity, Resources, andIncentivesEcon
Purdue - ECON - 251
8/21/2011Economic CostChapter 1: What isEconomics? Opportunity cost = value of the bestalternativeLecture 3: Opportunity Costs Explicit costs = monetary expenses Implicit costs = value of forgonealternativesCh1: What is Economics?Economic cost
Purdue - ECON - 251
8/22/2011Economic cost of multiplequantities What if decision isnt a lump sum decision?Chapter 1: What isEconomics? Need cost and benefit of each individual unitLecture 4: Marginal cost andmarginal benefit Marginal benefit = Benefit of one additi
Purdue - ECON - 251
8/22/2011Costs Vary Across IndividualsChapter 2: The EconomicProblemLecture 1: Comparativeand absolute advantage Brain surgeon vs. mechanic Brain surgeon can tune up car in 1 hour Mechanic needs 2 hours to tune up car Who should tune up the car?
Purdue - ECON - 251
8/23/2011Production Possibility FrontierChapter 2: The EconomicProblemLecture 2: Productionpossibility frontiers Production Possibility Frontier (PPF):Graph of maximum output that can beproduced by an individual or an economy1Ch2: The Economic P
Purdue - ECON - 251
8/28/2011DemandChapter 3: Demand andSupply Demand = Maximum quantity a consumeris willing and able to purchase at variouspricesLecture 1: Demanddefined1Ch3: Demand and SupplyLecture 1: Demand defined2Demand ScheduleLaw of demandQdP ($)(bo
Purdue - ECON - 251
8/28/2011Slope-Intercept formChapter 3: Demand andSupplyLecture 2: Demand as marginalbenefit Rewrite a linear demand equation inslope-intercept form Slope-intercept form is y = mx + b, wherem = slope and b = y coordinate of the yintercept1Deman
Purdue - ECON - 251
8/28/2011Determinants of Demand to leftDemand decrease: Shift Demand increase: Shift to rightChapter 3: Demand andSupplyPPLecture 3: Shifts in demandDDDDQQ1Changes (shifts) in Demand1. Income Normal goods: goods where demandrises when i
Purdue - ECON - 251
8/28/2011SupplyChapter 3: Demand andSupply Supply = Maximum quantity a seller iswilling and able to sell at various pricesLecture 4: Supply defined Law of Supply:Positive relationship between price andquantity supplied ( P Qs )1Ch3: Demand and
Purdue - ECON - 251
8/28/2011Supply equationChapter 3: Demand andSupply Qs = 2P 4 Rewrite in slope-intercept form:P = (1/2)Qs + 2Slope = Y-intercept = (0,2)Lecture 5: Supply as marginalcost1Supply as marginal cost Marginal cost = cost of producing onemore unit
Purdue - ECON - 251
8/29/2011Changes in Supply Supply : Shift to rightChapter 3: Demand andSupplyS Supply : Shift to leftSPPSSchange inquantity suppliedLecture 6: Shifts in supplyQQ1Changes in Supply1. Input prices wages paid to labor Supply (shift tolef
Purdue - ECON - 251
Chapter 3: Demand andSupplyLecture 7: Equilibrium andchanges in equilibrium1Demand and supply togetherDemand and Supply TogetherP12S2D6Ch3: Demand and SupplyQ3Surplus and Shortage P is too high Surplus (Qs > Qd) P starts to fall P is to
Purdue - ECON - 251
9/5/2011ElasticityChapter 4: ElasticityLecture 1: Price elasticity of demanddefinition and determinantsChapter 4: ElasticityLecture 1: Price elasticity of demand definition and determinantsChapter 4: ElasticityElasticity = ResponsivenessPPPrice
Purdue - ECON - 251
9/5/2011Percentage changes%Q%Pd d =Chapter 4: Elasticity Base = Q1 Q2 = average Qd2 Base =Lecture 2: Calculation of priceelasticity of demandd =P P212%Qd%P== average PQ davgQ dPavgPd= Q avgPdPavgQ1Inelastic Demand1 Qd = - 2
Purdue - ECON - 251
9/5/2011d and linear demandChapter 4: ElasticityLecture 3: Elasticity along a lineardemand curve1Elasticity and linear demandP12 As prices rise, demandbecomes more elastic Below midpoint,d =3108Midpoint d=16d < 1 Above midpoint,d=42D
Purdue - ECON - 251
9/6/2011Extreme dChapter 4: Elasticity Perfectly inelasticdemandPLecture 4: Extreme cases ofelasticity Perfectly elasticdemandPD%Qd0%P%Qd%PDQQ11
Purdue - ECON - 251
9/6/2011d < 1 and RevenueChapter 4: Elasticity Revenue = P x Qd P Revenue? d < 1 %Q < 1 d%P%Qd<%P Small Qd change relative to change in P P small Qd Revenue P small Qd RevenueLecture 5: Price elasticity ofdemand and revenue1d > 1 and Reve
Purdue - ECON - 251
9/6/2011Cross-Price ElasticityChapter 4: ElasticityLecture 6: Other elasticities Cross-price elasticity = Substitutes in consumption (> 0) Complements in consumption (< 0)1Cross-Price Elasticity example Ptents Qsleeping bagsd%Qsleepingbags%Pt
Purdue - ECON - 251
9/12/2011Allocative Efficiency DefinedChapter 5: Efficiency andEquityLecture 1: Allocative efficiencyand equilibrium Allocative efficiency = resources areused where they are most highly valued Value here = marginal benefit Value in best alternati
Purdue - ECON - 251
9/14/2011Consumer SurplusChapter 5: Efficiency andEquityLecture 2: Consumer andproducer surplus Consumer Surplus= Value consumers receive over andabove the price paid= MB price summed across allquantities1Consumer surplus on a graphConsumer s
Purdue - ECON - 251
9/14/2011Over- or Under-ProductionChapter 5: Efficiency andEquityProducing too little is inefficient andproducing too much is inefficientLecture 3: Deadweight loss1Deadweight Loss GraphDead Weight Loss Deadweight Loss (DWL) = Decrease inconsume
Purdue - ECON - 251
9/14/2011The Big Trade OffChapter 5: Efficiency andEquityLecture 4: Equity Equity vs. efficiency Symmetry Principle = People in similarsituations should be treated similarly Same treatment? same rules Same outcome? same results Griggs v. Duke Po
Purdue - ECON - 251
9/19/2011Price Controls1. Price ceilingChapter 6: GovernmentActions in Markets Maximum legal price (the highest price atwhich a good can legally be sold Ex: caps, rent controls, salary caps, utilities2. Price floor Minimum legal price (the lowest
Purdue - ECON - 251
9/19/2011Price FloorsChapter 6: GovernmentActions in Markets Minimum wage Agricultural price supportsLecture 2: Price floors1Minimum WageDWL of Minimum WageAgricultural Price SupportsMinimum Wage SummarywageS=households=MC of supplying labor
Purdue - ECON - 251
9/19/2011TaxationChapter 6: GovernmentActions in MarketsLecture 3: Effect of taxes Scott has a 2000 Volvo S80 T6. Min hewould take=$8,750 Aaron would pay, at most, $9,500 Govt imposes a $1,000 tax on sale ofused cars. Tax destroyed a mutually be
Purdue - STAT - 350
STAT 350 Assignment 1 Solutions (60pts)11.(a) (4) The following stem-and-leaf display was constructed using MINITAB: (Its OK if the studentsdont include the first column in the following figure, i.e. dont cut off any point if column of 12 23(10) 14 7
Purdue - STAT - 350
STAT 350 Assignment 2 Solutions (55 Pts)54.(a) (1) Let x = number of bits erroneously transmitted. Then, x is binomial with n = 20, = .10, so Proportion(x 2) =.122 + .270 + .285 = .677 (from Table II).(b) (1) Proportion(x 5) = .032 + .009 + .002 + .00
Purdue - STAT - 350
STAT 350 Assignment 3 Solutions (75 points)45.(5) The normal quantiles are easy to generate using SAS. The quantile plot for this data is shown below. The pattern isobviously nonlinear, so a normal distribution is implausible for this data. The apparen
Purdue - STAT - 350
STAT 350 Assignment 4 Solutions (70 points)CHAPTER 51.(a) (3) Sampling without replacement means that no repeated items will occur in any sample. There are 10possible such samples of size 3:cfw_a,b,c, cfw_a,b,d, cfw_a,b,e, cfw_a,c,d, cfw_a,c,e, cfw_a
Purdue - STAT - 350
STAT 350 Assignment 5 Solutions (60 points)26.(a) (2) x is a discrete random variable, so = xp(x)= (0)(.08) + (1)(.15) + (2)(.45) + (3)(.27) + (4)(.05) = 2.06.x(b) (2) 2 = (x ) p(x) = (0-2.06) (.08) + (1-2.06) (.15) + (2-2.06) (.45) + (3-2.06) (.27
Purdue - STAT - 350
STAT 350 Assignment 6 Solutions (40 points)2.(a) (2) An unbiased point estimate of , the average amount of gas used by all houses in the area is: 1,206 x 120.6 therms 10 8 .80 10 (b) (2)An unbiased point estimate of , the proportion of all home
Purdue - STAT - 350
STAT 350 Assignment 7 Solutions (45 points)22.(4) In this problem, we have n 507 and p 142 / 507 .28008 . For a two-sided 99% confidence interval, weusez* 2.575 :p z*p (1 p )n .28008 2.575 .28008 2.575(.0199)25..28008(1.28008)507(.228, .331)