It is an Economics class, can you please help me solving this question!

Thank you.

49% homeworkmarket.com Midterm Q Search in Do esign Layout References Mailings Review View ew R... 12 A- A Aa * U . abe X2 X2 A . & A E Styles 3. In "Business Survival and Success of Young Small Business Owners," published in Small Business Economics, C. Miriam van Praag estimates the rate at which young small business owners' businesses failed (event studied: compulsory business closure-business closed because it failed). From a sample of 271 business founded by business owners aged between 20 and 32 who founded businesses between 1985 and 1989, he estimated the following hazard function (vertical axis: hazard rate per month): 0.025 0.02 0.015 0.01 0.005 30 50 Months in business a. Approximately in which month did the rate of business failures peak? What percentage of the remaining businesses failed in that month? (8 points) b. During the first month, 1 business failed. What was the survival function for month 1? (7 points) as English (United States) IT 33 X utv