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Four roommates are planning to spend the weekend in their dorm room watching old movies, and they are debating how many to watch. Here is their willingness to pay for each film:
First film Second film Third film Fourth film Fifth film Orson $76543 Alfred $54321 Woody $32100 Ingmar $21000
What does this example teach you about the optimal provision of public goods?
Refer to Problem 21. How fast is the surface area of the sphere increasing when the radius is 10 centimeters?
Assume that you have a sample of n1=8 with the sample mean Xˉ1=42, and a sample standard deviation S1=4, and you have an independent sample of n2=15 from another population with a sample mean of Xˉ2=34 and a sample standard deviation S2=5. What is your statistical decision?