The price of chicken breast rises from $3.33 per pound to $3.66 per pound. In response to this price change, the quantity demanded for chicken breast falls by 40%. The absolute value of the price elasticity of demand for chicken breast is , and the price elasticity of demand is .

Arestaurant gives out a scratch-off card to every customer. the probability that a customer will win a prize from a scratch-off card is 25%. design and conduct a simulation using random numbers to find the experimental probability that a customer will need more than 3 cards in order to win a prize. justify the model for your simulation, and conduct at least 10 trials.

The following graph shows the consumer price index (cpi) for a fictional country from 1970 to 1980? a.) 1976 - 1978b.) 1972 - 1974c.) 1974 - 1976d.) 1978 - 1980

Suppose that 3% of all athletes are using the endurance-enhancing hormone epo (you should be able to simply compute the percentage of all athletes that are not using epo). for our purposes, a “positive” test result is one that indicates presence of epo in an athlete’s bloodstream. the probability of a positive result, given the presence of epo is .99. the probability of a negative result, when epo is not present, is .90. what is the probability that a randomly selected athlete tests positive for epo? 0.0297