The population of lengths of aluminum-coated steel sheets is normally distributed with a mean of 30.0 inches and a standard deviation of 0.9 inches. A sample of 36 metal sheets is randomly selected from a batch. What is the probability that the average length of a sheet is between 29.82 and 30.27 inches long?
May 1, 2020Are you an economic liberal or conservative with respect to antitrust and economic regulation? Explain.
May 1, 2020Question Description
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nnThe Problem of Asymmetric InformationnnThere is frequent confusion about the terms asymmetric information, moral hazard and adverse selection? Asymmetric information is the cause, moral hazard and adverse selection are the outcome. This video is great at explaining the connection between asymmetric information and moral hazard. https://www.youtube.com/watch?v=5v7TWKlYoN0&t=32s Your job will be to see what these have to do with hiring a police officer.nnMany police officer positions require the applicant to have a college degree even though the tasks of a police officer rarely call upon college course material. Why don’t police departments increase their applicant pool by dropping this requirement? As you answer this question think back to last week and the problem of Type 1 and 2 errors and the human tendency to be risk-averse.nn
