ECON 1100 Chapter 10.4: Chapter 10.4 & on

set up the ANOVA table and test for any significant difference in the mean examination score for the three plants use a=.05

Plant 1 Plant 2 Plant 3

85 71 59

75 75 64

82 73 62

76 74 69

71 69 75

85 82 67

sample mean 79 74 66

sample variance 34 20 32

samp stan dev 5.83 4.47 5.66

74) The profit maximizing price for the firm is A) 0 B) 4 0)6 D) 10 E) 12

Suppose that the starting nominal salary for a new assistant professor in economics was $14,000 for the academic year 1973-74. For the academic year 2015-2016, it was $120,000. In 1973-74 the CPI was 46.8 and for 2015-16 it was 238.1. What was the annual growth rate in the nominal salary? What was the annual growth rate in the real salary?