Continuous
Chapter
6 Notes
random variable
can assume any value in an interval or in a collection of intervals
o What is of interest to us is the probability of the random variable assuming a
value w
Point
In
the
Chapter
7
Formula
s
estimator:
point estimation we use the data from
sample to compute a value of a sample
statistic that serves as an estimate of a
population parameter
o
is the point
Chapter
5 Notes
What is a random variable and the difference between a discrete and
continuous random variable
Random
o is a numerical description of the outcome of an experiment
has to be a number
Raffle Tickets
Each ticket costs: $20
1 ticket will win: 1000
1) Suppose there are a total of 2500 tickets. If someone purchases 3 tickets what is their chance of
winning? 3/2500= .12%
2) Compute the
Chapter
8 notes
Type equation here .
Interval Estimate:
can be computed by adding and subtracting a margin of error to the point estimate.
Point Estimate +/- Margin of Error
o or +/- Margin of Error
Piann Yimlamai
ECO 284
Mr. Smith
24 January 2017
Homework #1
1.3 How Economists Use Theories and Models to Understand Economic Issues
1. How did John Maynard Keynes define economics?
John Maynard Keyn
Noah Shanholtzer
Piann Yimlamai
Jordyn Diepstraten
McKenzie Goeman
Homework #8
1. A firm has to increase output when marginal revenue is less than marginal cost. This means that the firm is
producing
Naomi Evans
Piann Yimlamai
ECO 284
Mr. Smith
2 February 2017
Homework #2
3.1 Demand, Supply, and Equilibrium in Markets for Goods and Services
Review Questions
1. What determines the level of prices i
Noah Shanholtzer
Jordyn Diepstraten
Piann Yimlamai
McKenzie Goeman
ECO 284
Mr. Smith
28 March 2017
Homework #7
8.1 Perfect Competition and Why It Matters
Review
1) A single firm in a perfectly competi
Naomi Evans
Piann Yimlamai
ECO 284
16 February 2017
Homework #4
5.1 Price Elasticity of Demand and Price Elasticity of Supply
Review Questions
2) What is the price elasticity of demand? Can you explai
Naomi Evans
Piann Yimlamai
ECO 284
6 March 2017
Homework #6
7.3 The Structure of Costs in the Long Run
Review
1) What shapes would you generally expect each of the following cost curves to have: fixed
Naomi Evans
Piann Yimlamai
ECO 284
Mr. Smith
8 February 2017
Homework #3
Section 3.2 Shifts in Demand and Supply for Goods and Services
Review Questions
2) Name some factors that can cause a shift in
Naomi Evans
Piann Yimlamai
ECO 284
Smith
28 January 2017
Homework #5
7.1 Explicit and Implicit Costs, and Accounting and Economic Profit
Review
2) Would an interest payment on a loan to a firm be cons
!
Office of Undergraduate Admissions and Orientation
EMPLOYMENT APPLICATION
UNDERGRADUATE ADMISSIONS AND ORIENTATION
PERSONAL INFORMATION
Last Name
Rendon
First Name
Valerie
Middle Name
Jesus
Applicat
!
Office of Undergraduate Admissions and Orientation
EMPLOYMENT APPLICATION
UNDERGRADUATE ADMISSIONS AND ORIENTATION
PERSONAL INFORMATION
Last Name
Rendon
First Name
Valerie
Middle Name
Jesus
Applicat
Name: _
SOC101
The Sociological Perspective
Homework Assignment
(10 points)
This assignment is due online via the Drop Box on the due date indicated.
Based on your reading of Mills, The Promise of Soc
Name: _Valerie Rendon_
SOC101
The Sociological Perspective
Homework Assignment
(10 points)
This assignment is due online via the Drop Box on the due date indicated.
Based on your reading of Mills, The
College vs. Job
Value of best alternative forgone
o Forgone income (full-time job; $20,000)
o Minus income if student chooses part-time work;
$10,000
Sunk Costs:
Cost already incurred
Cant be recov