Suppose that the most popular car dealer in your area sells 2 percent of all vehicles.

Instructions: Enter your answers as whole numbers.

a. If all other car dealers sell either the same number of vehicles or fewer, what is the largest value that the Herfindahl

index could possibly take for car dealers in your area?

b. In that same situation, what would the four-firm concentration ratio be?

Acookie manufacturer advertised that every bag of a certain type of cookie contained at least 1000 chocolate chips. a consumer group bought 15 bags of cookies from a variety of locations, dissolved the cookies in water and hand-counted the number of chocolate chips in each bag. the average number of chocolate chips was 1161.6 and the standard deviation 117.6. a26. assuming a normal distribution, a 95% confidence interval for the mean number of cookies in each bag is (a) 1108.37 (b) 1108.13 (c) 1102.09 (d) 1096.86 to 1226.34 to 1214.83 to 1215.07 to 1221.11 (e) 1096.47 to 1226.73