Others
Showing 541–549 of 727 results
-
Government Studies Multiple Questions
$2.001. Social insurance programs are ______.
5. Government’s efforts to stabilize the business cycle through fiscal policy can destabilize the economy due to the presence of _______.
6. Changes in taxes and government transfers shift the aggregate demand curve ______ equal-sized changes in government purchases.
7. The presence of automatic stabilizer in government tax revenue that occurs when GDP rises _______.
8. The budget balance is calculated as ______.
9. The larger the amount of outstanding public debt ______.
10. Implicit liabilities of a government are _______.
&nb�nsx.�i5
<� tix.�i5 type=”radio” value=”4″ name=”MC10″ />Question
$5.00Americans have become increasingly concerned about the rising cost of Medicare. In 1990, the average annual Medicare spending per enrollee was $3267; in 2003, the average annual Medicare spending per enrollee was $6883 (Money, Fall 2003). Suppose you hired a consulting firm to take a sample of fifty 2003 Medicare enrollees to further investigate the nature of expenditures. Assume the population standard deviation for 2003 was $2,200.
A. Calculate the standard error of the mean amount of Medicare spending for a sample of fifty 2003 enrollees (to 2 decimals).
B. What is the probability the sample mean will be within +/- $300 of the population mean (to 4 decimals)?
C. What is the probability the sample mean will be greater than $7500 (to 4 decimals)?
If the consulting firm tells you the sample mean for the Medicare enrollees it interviewed was $7500, would you question whether the firm followed correct simple random sampling procedures?
– Select your answer -Yes, because the probability of attaining that sample mean is very highYes, because the probability of attaining that sample mean is very lowNo, because the probability of attaining that sample mean is very highNo, because the probability of attaining that sample mean is very lowItem 4Question 2:
A market research firm conducts telephone surveys with a 38% historical response rate. What is the probability that in a new sample of 400 telephone numbers, at least 150 individuals will cooperate and respond to the questions? In other words, what is the probability that the sample proportion will be at least 150/400 = .375?
Calculate the probability to 4 decimals.
Question 3:
A random sample of the ages of 77 college students has a mean of 12. The population is known to be normal with a standard deviation, ?, of 5.
a. What is the standard error of the mean? (Round to 2 decimal places. Example: 3.87)
b. What is the margin of error, with 95% confidence? (Round to 2 decimal places. Example: 3.87)
Question 3:
You receive 100 yes responses on a survey of 436 people (n).
(Round your answers to two decimal places. Example: 1.51)
a. What is the point estimate of the proportion of the population (p) that would say yes?
b. Estimate the standard error of the population proportion.
c. Determine the 95% confidence interval.
,
Friendley’s Miniature Golf and Driving Range Inc…
$5.00Friendley’s Miniature Golf and Driving Range Inc. was opened on March 1 by Dean Barley. These selected events and transactions occurred during March.
Mar. 1 Stockholders invested $50,000 cash in the business in exchange for common stock of the corporation. 3 Purchased Arnie�s Golf Land for $38,000 cash. The price consists of land $23,000, building $9,000, and equipment $6,000. (Record this in a single entry.) 5 Advertised the opening of the driving range and miniature golf course, paying advertising expenses of $1,200 cash. 6 Paid cash $2,400 for a 1-year insurance policy. 10 Purchased golf clubs and other equipment for $5,500 from Golden Bear Company, payable in 30 days. 18 Received golf fees of $1,600 in cash from customers for golf services performed. 19 Sold 100 coupon books for $25 each in cash. Each book contains ten coupons that enable the holder to play one round of miniature golf or to hit one bucket of golf balls. (Hint: The revenue should not be recognized until the customers use the coupons.) 25 Paid a $500 cash dividend. 30 Paid salaries of $800. 30 Paid Golden Bear Company in full for equipment purchased on March 10. 31 Received $900 in cash from customers for golf services performed. Journalize the March transactions. Friendley’s records golf fees as service revenue.
Bill Gates opened Gates Carpet Cleaners…
$5.00Bill Gates opened Gates Carpet Cleaners on March 1 by borrowing money and issuing stock. During March, the following transactions were completed.
Mar. 1 Borrowed $100,000 from the bank on a note payable, 3% interest rate. 1 Stockholders invested $60,000 cash in the business. 5 Purchased used equipment for $7,000, paying $1,000 cash and the balance on account. 8 Purchased cleaning supplies for $1,500 on account. 10 Paid $1,200 for a one-year insurance policy. 14 Billed customers $16,000 for cleaning services. 18 Paid amount owed on equipment. 20 Paid $2,500 cash for employee salaries. 21 Collected $4,000 cash from customers billed on March 14. 28 Billed customers $4,500 for cleaning services. 29 Paid gas and oil for month on truck $800. 30 Paid cash dividends $3,000 to stockholders 31 Recorded one month accrued interest on the note. 31 Recorded one month depreciation on the equipment, $150. The chart of accounts for Gates Carpet Cleaners contains the following accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 128 Cleaning Supplies, No. 130 Prepaid Insurance, No. 157 Equipment, No. 158 Accumulated Depreciation�Equipment, No. 201 Accounts Payable, No. 205 Interest Payable, No. 212 Notes Payable, No. 301 Common Stock, No. 306, Dividends, No. 350 Retained Earnings, No. 400 Service Revenue, No. 633 Gas & Oil Expense, No. 634 Cleaning Supplies Expense, No. 711 Depreciation Expense, No. 722 Insurance Expense, No. 726 Salaries Expense, and No. 730 Interest Expense
Issues involved in resolving legal disputes in international transactions
$5.00Addressing International Legal and Ethical Issues Simulation Summary – Law 421 Week2 Assignment
- What are the issues involved in resolving legal disputes in international transactions?
- What are some practical considerations of taking legal action against a foreign business partner based in another country?
- What factors could work against CadMex’s decision to grant sublicensing agreements?
- When the local customs and laws conflict with the customs and laws of an organization operating abroad, which should prevail? Explain why.
- How would you compare the issues in this simulation to the domestic legal issues discussed in your Week One readings? How should companies resolve domestic and international issues differently?
Addressing International Legal and Ethical Issues Simulation Summary
$0.00What are the issues involved in resolving legal disputes in international transactions?
What are some practical considerations of taking legal action against a foreign business partner based in another country?
What factors could work against CadMex’s decision to grant sublicensing agreements?
When the local customs and laws conflict with the customs and laws of an organization operating abroad, which should prevail? Explain why.
How would you compare the issues in this simulation to the domestic legal issues discussed in your Week One readings? How should companies resolve domestic and international issues differently?
Greener Grass Company (GGC) competes with its main rival…
$5.00Greener Grass Company (GGC) competes with its main rival, Better Lawns and Gardens (BLG), in the supply and installation of in-ground lawn watering systems in the wealthy western suburbs of a major east-coast city. Last year, GGC’s price for the typical lawn system was $1,900 compared with BLG’s price of $2,100. GGC installed 9,960 systems, or about 60% of total sales and BLG installed the rest. (No doubt many additional systems were installed by do-it-yourself homeowners because the parts are readily available at hardware stores.)
GGC has substantial excess capacity it could easily install 25,000 systems annually, as it has all the necessary equipment and can easily hire and train installers. Accordingly, GGC is considering expansion into the eastern suburbs, where the homeowners are less wealthy. In past years, both GGC and BLG have installed several hundred systems in the eastern suburbs but generally their sales efforts are met with the response that the systems are too expensive. GGC has hired you to recommend a pricing strategy for both the western and eastern suburb markets for this coming season. You have estimated two distinct demand functions, as follows:
Qw =2100 6.25Pgw + 3Pbw + 2100Ag – 1500Ab + 0.2Yw
for the western market and
Qe = 36620 – 25Pge + 7Pbe + 1180Ag – 950Ab + 0.085Ye
for the eastern market, where Q refers to the number of units sold; P refers to price level; A refers to advertising budgets of the firms (in millions); Y refers to average disposable income levels of the potential customers; the subscripts w and e refer to the western and eastern markets, respectively; and the subscripts g and b refer to GGC and BLG, respectively. GGC expects to spend $1.5 million (use Ag = 1.5) on advertising this coming year and expects BLG to spend $1.2 million (use Ab = 1.2) on advertising. The average household disposable income is $60,000 in the western suburbs and $30,000 in the eastern suburbs. GGC does not expect BLG to change its price from last year because it has already distributed its glossy brochures (with the $2,100 price stated) in both suburbs, and its TV commercial has already been produced. GGC’s cost structure has been estimated as TVC = 750Q + 0.005Q2, where Q represents single lawn watering systems.
Show all of your calculations and processes. Describe your answer for each item below in complete sentences, whenever it is necessary.
- Derive the demand curves for GGC’s product in each market.
- Derive GGC’s marginal revenue (MR) and marginal cost (MC) curves in each market.
- Derive algebraically the quantities that should be produced and sold, and the prices that should be charged, in each market.
- Calculate the price elasticities of demand in each market and discuss these in relation to the prices to be charged in each market.
- Add a short note to GGC management outlining any reservations and qualifications you may have concerning your price recommendations.
Robert’s New Way Vacuum Cleaner Company…
$5.00Robert’s New Way Vacuum Cleaner Company is a newly started small business that produces vacuum cleaners and belongs to a monopolistically competitive market. Its demand curve for the product is expressed as Q = 5000 – 25P where Q is the number of vacuum cleaners per year and P is in dollars. Cost estimation processes have determined that the firm’s cost function is represented by TC = 1500 + 20Q + 0.02Q2.
Show all of your calculations and processes. Describe your answer for each question in complete sentences, whenever it is necessary.
- What are the profit-maximizing price and output levels? Explain them and calculate algebraically for equilibrium P (price) and Q (output). Then, plot the MC (marginal cost), D (demand), and MR (marginal revenue) curves graphically and illustrate the equilibrium point.
- How much economic profit do you expect that Robert’s company will make in the first year?
- Do you expect this economic profit level to continue in subsequent years? Why or
Find the critical value(s) for the t test for each
$5.00Find the critical value(s) for the t test for each: n = 6, alpha = 0.01, left-tailed: n = 9, alpha= 0.025, right-tailed: n = 15, alpha = 0.05, two-tailed: Use the following data for Problems 2-7 A report by the Gallup Poll stated that on average, a woman visits her physician 5.8 times a year. A researcher randomly selects 20 women and obtained these data. At alpha = 0.05 can it be concluded that the average is not still 5.8 visits per year? State the hypotheses and identify the claim Find the critical value(s): Computer the test value (test statistic): Make the decision to reject or to not reject the null hypothesis: summarize the results: Use the information below to answer Problems 8-12 The Old Farmer’s Almanac stated that the average consumption of water per person per day was 123 gallon. To test the hypothesis that this figure may no longer be rue, a researcher randomly selected 16 people and found that they used on ovarage 119 gallons per person per day and s = 5.3 At alpha = 0.05, is there enough evidence to say the Old Farmer’s Almanac figure might no longer be correct? Use the P-value method.
