Suppose you are a civil engineer, specializing in traffic volume control for the City of Grand Rapids. Your department has been receiving a multitude of complaints about traffic wait times for a certain intersection in the heart of downtown. To see if these claims are valid, you want to monitor the true average wait time at that intersection. Over the course of a few months, you record the average number of minutes a car waits at the intersection between 4:00 PM and 5:00 PM. With a sample size of 9 cars, the average wait time is 6.79 minutes with a standard deviation of 2.2175 minutes. Construct a 99% confidence interval for the true average wait time for a car at the intersection between 4:00 PM and 5:00 PM.

1. an economy consists of three workers: larry, moe, and curly. each works 10 hours a day and can produce two services: mowing lawns and washing cars. in an hour, larry can either mow one lawn or wash one car; moe can either mow one lawn or wash two cars; and curly can either mow two lawns or wash one car. a. calculate how much of each service is produced under the following circumstances: a. all three spend all their time mowing lawns. b. all three spend all their time washing cars. c. all three spend half their time on each activity d. larry spends half of his time on each activity, while moe only washes cars and curly only mows lawns b. using your answers to part a, draw a production possibilities frontier and label points a, b, c, and d on your graph. explain why the production possibilities frontier has the shape it does. c. are any of the allocations calculated in part a inefficient? explain.