Reading about economics means self-tutoring. The tutor discusses the disadvantage – or advantage, of the US trade deficit. The US has run a trade deficit since the late 70s. Simply put, a trade deficit means that the country’s imports are …

Economics, business: the US trade deficit: good or bad? (Part 0) Read more »

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Tutoring a number of subjects, the term mercantilism might arise. The tutor defines it. mercantilism economic policy that favours exports, discourages imports, and has the objective of amassing precious metals. Source: Barber, Katherine et al. Oxford Canadian Dictionary of Current …

English, economics, history: what is mercantilism? Read more »

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Tutoring statistics, confidence intervals are important. A two-sided confidence interval for the population mean is given by sample_mean – (standard_dev/n1/2)*sig_factor, sample_mean + (standard_dev/n1/2)*sig_factor The sig_factor (significance factor) depends on the certainty (confidence level) with which we want the confidence interval …

Statistics: confidence interval for the mean (two sided) Read more »

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