The correct answer to this open question is the following.
You forgot to include the options for this question. However, we can answer the following.
This scenario best illustrates forward integration.
This is a case of forward integration because BlockWood Inc., which was facing similar difficulties with other buyers too, eventually stopped supplying raw materials and took to manufacturing furniture instead. SO they decided to fabricate their own furniture.
Companies make this decision as a process of vertical integration to expand and grow their business. In this case to produce and control their own products, eliminating the retailer that had decided to pay less money for the raw materials.
So now, Blockwood Inc. has the challenge to design and sell the products it is fabricating.
Two identical firms compete as a Cournot duopoly. The inverse market demand they face is P = 123 - 3Q. The total cost function for each firm is TC(Q) = 3Q. The price charged in this market will be
The price changed in this market will be mathematically given as
P=93
What is the price change in this market?P = 123 - 3Q
Generally, the equation for the statement is mathematically given as
P = 123 - 3Q
Therefore
\(\frac{d \pi}{ d \Q1}\)=123-6Q1-30Q2-3=0
Where
Q1=120-3Q2/6
Hence
Q1=120-3(120-3Q1/6)/6
Q1=13.333
In conclusion,
P = 123 - 3(2*13.333)
P=93
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how is corporate income tax similar to direct tax ? (2)
Answer:
Corporate tax is an expense of a business (cash outflow) levied by the government that represents a country's main source of income, whereas personal income tax is a type of tax governmentally imposed on an individual's income, such as wages and salaries.
Imagine the products are in decline and recommend an extension strategy for each one. Make sure you explain your
A Galaxy chocolate bar
Candy Crush mobile app.
Evian water
Ferrari world.
All of these products should use a rebranding extension strategy.
Once a product reaches maturity and the market is saturated, it gradually starts to decline.
Because of this, one approach to lengthen the life of a product strategy is to always seek out ways to make it better, different, and even stand out from similar products that have already hit the market.
Rebranding, offering discounts, and looking for new markets are all examples of extension strategy methods. Rebranding is the process of giving an existing product a fresh look and feel in order to set it apart from the competition. For instance, a cosmetics company might provide additional brushes, blenders, or sponges.
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examination of recent data of many countries shows that countries with very high saving rates generally have high level of output per person
The answer is b. A higher saving rate does result in a higher steady-state capital stock and a higher level of output.
What is the greatest way to define savings?The fraction of money left over after paying for expenses is what is saved. In other words, it refers to money that has been set away for use later on rather than being immediately spent.
What is saving, and why is it significant?The fraction of money left over after paying for current expenses is known as savings. Because no one can see the future, it is advisable to store money in case of emergencies or unforeseen circumstances. A person's dishwasher may start to leak, their automobile could break down, or they could experience a medical emergency.
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Cost Concept
On February 3, Clairemont Repair Service extended an offer of $87,000 for land that had been priced for sale at $100,000. On February 28, Clairemont Repair
Service accepted the seller's counteroffer of $95,000. On October 23, the land was assessed at a value of $143,000 for property tax purposes. On January 15
of the next year, Clairemont Repair Service was offered $152,000 for the land by a national retail chain.
At what value should the land be recorded in Clairemont Repair Service's records?
The land should be recorded at the purchase price of $95,000, as that is the amount that Clairemont Repair Service ultimately paid for the land.
What criteria determines the recorded purchase price of the land?Even though the property tax assessment of $143,000 may seem like a relevant valuation, it is not directly related to the purchase price or market value of the land. The property tax assessments are often based on different criteria and methodologies than market valuations.
Similarly, the subsequent offer of $152,000 from a retail chain is not relevant to the value that Clairemont Repair Service should record the land at, as it was made after the purchase and does not reflect the actual value at the time of purchase. Therefore, the most appropriate value to record the land at in Clairemont Repair Service's records is the purchase price of $95,000.
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UPS, a delivery services company, has a beta of 1.1, and Wal-Mart has a beta of 0.7. The risk-free rate of interest is 4% and the market risk premium is 7%. What is the expected return on a portfolio with 30% of its money in UPS and the balance in Wal-Mart
Answer:
7.78%
Explanation:
Calculation for the expected return on a portfolio
First step is to calculate the portfolio beta
Portfolio beta=30%*1.1+30%*0.7=1.15
Portfolio beta=0.33+0.21
Portfolio beta=0.54
Now let calculate the expected return using this formula
Expected return=rf+(Portfolio beta*mrp)
Let plug in the formula
Expected return=4%+(0.54*7%)
Expected return=7.78%
Therefore the expected return on a portfolio is 7.78%
Requirements for legal capacity for an individual are that a person must be at least sixteen and intelligent. true false
Answer:
False
Explanation:
You have to be 18
In the organizational structure of a hotel, a person who works as a head carpenter would report to the
chief engineer
general manager
resident manager
uniformed services manager
In the organizational structure of a hotel, a person who works as a head carpenter would report to the Chief Engineer. Thus, the first option is correct.
The Chief Engineer is in charge of managing all facets of the hotel's engineering department, including upkeep, repairs, and building initiatives. Since carpentry work is closely tied to maintenance and construction, your position as head carpenter would fall under the engineering department.
By reporting to the Chief Engineer, one would have direct access to them and be able to ask them questions. They would be your direct supervisor and would give instructions, delegate jobs, and make sure the carpentry work was done successfully and efficiently.
Therefore, option A is the appropriate option.
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During fiscal 2014, BlackBerry Limited wrote down its BB10 smartphone inventory by approximately $1,700,000,000 because its cost exceeded its net realizable value.
Based on the BB10 smartphone being written down by $1,700,000, the journal entry would involve debiting Cost of goods sold and crediting Inventory.
Why would the above be done?The question seeks the journal entry of the above write down. The inventory will be written down by $1,700,000 and this will be charged to the Cost of goods sold.
The journal entry is:
Date Account title Debit Credit
2014 Cost of goods sold $1,700,000
Inventory $1,700,000
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Which scenario describes the highest level of productivity?
A. Producing 50 chairs using resources that cost $400
B. Producing 15 chairs using resources that cost $150
C. Producing 5 chairs using resources that cost $100
D. Producing 100 chairs using resources that cost $200
The scenario that describes the highest level of productivity is option D. Producing 5 chairs using resources that cost $100. Calculating the highest productivity:
For A. The cost should be $400 for 50 chairs so per chair should be = $400 ÷ 50 = 8. For B. The cost should be $150 for 15 chairs so per chair should be = $150 ÷ 15 = 10. For C. The cost should be $100 for 5 chairs so per chair should be = $100 ÷ 5 = 20. and For D. The cost should be $200 for 100 chairs so per chair should be = $200 ÷ 100 = 2
What is productivity?Productivity is the efficiency of production of goods or services expressed by some measure. Measurements of productivity are often expressed as a ratio of an aggregate output to a single input or an aggregate input used in a production process, i.e. output per unit of input, typically over a specific period of time.
Therefore, the correct answer is option D.
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If your taxable income is $86,000 and you paid taxes of $18,000, your average tax rate
With $86,000 in taxable income and $18,000 in taxes paid, the person's average tax rate would be 21%. ($86000 ÷ $18000 × 100)
More about taxable income:
Income that is taxable includes both received and unearned income. Deleted debts, state assistance, etc. are included in the calculation of taxable unearned income. The definition of taxable income also includes dividend and interest income, as well as revenues from gained assets all of which were sold during the year.
The average tax rate is determined as the percentage of levies deducted from taxable income. Because of the egalitarian nature of the American tax system, different people pay different percentages of taxes. Using the average tax rate, they can figure out the entire amount of tax paid.
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define electronic communication
Answer:
this is any information sent between particular parties over a phone line or internet connection. This includes phone calls, faxes, text messages, video messages, emails and internet messaging.
Longshore Group bought a piece of equipment for use in its operations under the following terms: 5 annual payments of $64,000 for the equipment, including interest. Although the list price of the equipment was $315,000, Longshore Group could have bought it for $300,000 cash. Salvage value is $20,000. Which amount should Longshore Group use to record the purchase of the machine on its books
Answer:
$300,000
Explanation:
Calculation for Which amount should Longshore Group use to record the purchase of the machine on its books
Amount to record machine purchased=($64,000*5 annual payment)-$20,000
Amount to record machine purchased=$320,000-$20,000
Amount to record machine purchased=$300,000
Therefore the amount that Longshore Group should use to record the purchase of the machine on its books is $300,000
A partnership begins its first year with the following capital balances: Alfred, Capital $ 48,000 Bernard, Capital 58,000 Collins, Capital 68,000 The articles of partnership stipulate that profits and losses be assigned in the following manner: Each partner is allocated interest equal to 10 percent of the beginning capital balance. Bernard is allocated compensation of $16,000 per year. Any remaining profits and losses are allocated on a 3:3:4 basis, respectively. Each partner is allowed to withdraw up to $4,000 cash per year. Assuming that the net income is $58,000 and that each partner withdraws the maximum amount allowed, what is the balance in Collins capital account at the end of that year
Answer:
The balance in Collins capital account at the end of that year is:
$80,640.
Explanation:
a) Data and Calculations:
Alfred Bernard Collins Total
Capital balances $48,000 $58,000 $68,000 $174,000
Profit sharing: $58,000
Interest on capital (10%) $4,800 $5,800 $6,800 ($17,400)
Compensation 16,000 ($16,000)
Allocation of balance 7,380 7,380 9,840 ($24,600)
Drawings (4,000) (4,000) (4,000) ($12,000)
Balances $56,180 $83,180 $80,640
Jenae is able to purchase a different brand of coffee for half the price from a new supplier. She anticipated that her co-workers would object to switching to the new brand, as they were really partial to the coffee they have been drinking so far. Indeed, when offered a taste test of the old brand versus the new brand, her co-workers unanimously rejected the new brand. Jenae's boss, Steven, pointed out that this result was most likely due to the fact that the taste test was not ________.
Answer:
blinded
Explanation:
Since in the question it is mentioned that Jenae is able to acquire the different kind of coffee brand in half price and she knows that the coworkers would be object regarding the same but at the time of taste test the coworkers rejected the new brand so this scenario represent that the taste test was not blinded as they didnt keep the participants of not awaring with regard the brand what they were taking
Therefore the above represent the answer
in a 3 - 4 page essay, discuss warren Buffett's approach to business dealings, especially as they relate to business ethics.
Compare that approach to Benie Madoff's.
Apply ethical philosophies that you have learned about in this module and state which you think apply to Mr. Buffett.
Which ethical philosophies apply to Mr. Madoff? Why?
In this essay, we explore Warren Buffett's ethical approach to business, compare it to Bernie Madoff's, and analyze the applicable ethical philosophies for each.
Here are the steps to be followed:
1. Introduction:
2. Warren Buffett's Approach to Business Dealings and Business Ethics:
Explain Warren Buffett's overall approach to business dealings.Discuss his stance on business ethics, emphasizing any specific principles or values he adheres to.Provide examples or case studies that demonstrate Buffett's ethical decision-making in his business practices.Discuss the impact of his ethical approach on his reputation and long-term success.3. Bernie Madoff's Approach to Business Dealings and Comparison to Buffett:
Describe Bernie Madoff's approach to business dealings, specifically in relation to ethics.Highlight any unethical practices or actions committed by Madoff, such as his infamous Ponzi scheme.Compare and contrast Madoff's approach to Buffett's approach, pointing out the key differences in their ethical standards and behaviors.Discuss the consequences of Madoff's unethical actions, including the financial losses and damage to investors.4. Application of Ethical Philosophies to Warren Buffett:
Introduce the ethical philosophies that you have learned in the module.Identify which ethical philosophies apply to Warren Buffett based on his approach to business dealings.Explain why you believe these philosophies are applicable and provide supporting evidence or examples from Buffett's actions or statements.Discuss the implications and benefits of Buffett aligning with these ethical philosophies.5. Ethical Philosophies Applicable to Bernie Madoff and Reasons:
Analyze the ethical philosophies that can be applied to Bernie Madoff's actions.Discuss which ethical philosophies are relevant to understanding Madoff's unethical behavior.Provide justifications and explanations for the selected ethical philosophies, considering how they align with Madoff's actions or motivations.Reflect on the consequences of Madoff's departure from ethical principles.6. Conclusion:
Summarize the key points discussed in the essay regarding Warren Buffett's approach to business dealings and ethics, as well as the comparison to Bernie Madoff.Emphasize the importance of ethical decision-making in business and the long-term implications it can have.Offer any final thoughts or insights on the topic.Remember to support your arguments with evidence, examples, and references to credible sources. Properly cite any sources used in your essay according to the appropriate citation style.
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Following a systematic plan for the preparation of an e-mail, memo, letter, or oral presentation will make the composition process easier and will help you create more effective business messages. The writing process for business messages includes prewriting, drafting, and revising. Which of the following are steps involved in the prewriting phase of the writing process? Check all that apply. Analyzing Drafting Anticipating Researching Adapting Editing
Answer: Analyzing
Anticipating
Adapting
Explanation:
The writing process for business messages includes prewriting, drafting, and revising. We should note that the steps involved in the prewriting phase of the writing process:
• Analyzing
• Anticipating
• Adapting
The drafting phase is made up of:
• Researching
• Organizing
• Drafting
The revising phase include:
• Editing
• Proofreading
• Evaluating
Your parents invested $1000 into an account when you were born. The account has an interest rate of 6% and compounds monthly (12 times per year). Calculate how much the account would be worth on your 20th birthday if no other activity took place.
Answer:
$3,310.20
Explanation:
The applicable formula in this case is
A = P x ( 1 + r )^ n
Where A= amount after 20 years
P is principle amount= $1000
r is interest rate = 6 % or 0.06 per year: monthly interest = 0.06/12
n is number of periods = 12 months x 20 years
A = $1000 x ( 1 + 0.005) ^240
A = $1000x (1.005) ^ 240
A =$1000 x 3.31020447580
A =$3,310.2044
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Based on the cost of production by Stam Company, the overhead rate which is applied to the jobs are:
Data and Calculations:
Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $33,600 $41,900
Direct labor used (in March) $24,600 $20,300
Overhead applied (March) $12,300 $10,150
Costs during April
Direct materials used $139,000 $226,900 $102,000
Direct labor used $94,200 $161,500 $107,300
Overhead applied $55,600 $77,500 $52,500
($94,200 × 50%) ($161,500 × 50%) ($107,300 × 50%)
Job 306 - $47,100
Job 307 - $80,750
Job 308 - $53,650
The overhead rate applied for Job 306 in April is:
= Direct labor cost x 50%
= 94,200 x 50%
= $47,100
The overhead applied for Job 307 in April is:
= 161,500 x 50%
= $80,750
The overhead for Job 308 in April is:
= 107,300 x 50%
= $53,650
Hence, based on the cost of production by Stam Company, the overhead rate applied to the jobs are calculated above.
The given question is incomplete, the complete question is-
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal 4. Prepare a schedule of cost of goods manufactured for the month end April 30. Stam Company Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured.
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can a 70-year-old father be claimed as a dependent by his son on his taxes.
.
No, a 70-year-old father cannot be claimed as a dependent by his son on his taxes. To be eligible to be claimed as a dependent on someone else's taxes, the person must be a qualifying child or a qualifying relative. The person must meet certain criteria, including:
Must be a U.S. citizen, U.S. resident alien, U.S. national, or a resident of Canada or Mexico.
Must not have provided more than half of their own support during the tax year.
Must not have earned more than the applicable dependency exemption amount, which for 2021 is $4,000.
Must not be claimed as a dependent by someone else.
A 70-year-old father is not considered a qualifying child and may or may not meet the criteria to be considered a qualifying relative, but since he is not a qualifying child, he cannot be claimed as a dependent by his son on his taxes.
Imagine that your production team has an assignment due by the end of the week. It was brought to your attention that a few members of your team are not contributing to the project. As a leader, describe how you could use at least two different motivational techniques and strategies you learned in this unit to address the issue.
As a leader, the different motivational techniques and strategies that I will use are giving reward to the best performers and trying to boost those who are not performing good by making them realize that how the growth of the company will also help in the betterment of it's employees.
Who is a leader?A leader is someone who does the right thing. They choose so not because someone is looking or might notice, but because it’s the right thing to do. And this often occurs in difficult or challenging circumstances.
A leaders always looks for solutions. A leaders never prefer to go to their manager with a problem and ask for it to solve it. They themselves try to sort out the problem and think about potential solutions. Then they present the issue and solutions to seek an opportunity to create change.
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What does changing the reserve requirement do? Question 7 options: Allow banks to borrow money to increase their reserve Change the minimum amount you can deposit into your bank account Change the percentage of deposits a bank must keep in reserve Allow banks to change their interest rates
What changing the reserve requirement do is: Allow banks to borrow money to increase their reserve.
What is reserve requirement?Reserve requirement can be defined as the money that a financial institution or banks has as reserve so as to meet any unforeseen financial obligation.
Changing the reserve requirement can tend to enables banks to borrow or loan more money which inturn can help to increases the supply of money in the economy.
Therefore What changing the reserve requirement do is: Allow banks to borrow money to increase their reserve.
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What generalization can be made according to the information from the USDA on agricultural productivity from 1948 to 2000?
A U.S.agricultural total factor productivity has decreased, while input has increased.U.S.agricultural total factor productivity has decreased, while input has increased.
B U.S. agricultural total factor productivity growth has exceeded agricultural input growth.U.S. agricultural total factor productivity growth has exceeded agricultural input growth.
C U.S. agricultural input has more than doubled in the last 50 years.U.S. agricultural input has more than doubled in the last 50 years.
D U.S. agricultural output has exceeded total factor productivity in the last 50 years.
The generalization that can be made according to the information from the USDA on agricultural productivity from 1948 to 2000 is B. U.S agricultural total factor productivity growth has exceeded agricultural input growth
What is agricultural productivitymResearch and development, extension, education, infrastructure, and government initiatives are the most significant sources of productivity change in agriculture.
The ability to produce enough food is a key element of food security. A significant strategy to reduce the amount of land required for farming and to slow environmental deterioration and climate change caused by processes like deforestation is to increase agricultural production through sustainable techniques.
In this case, the agricultural total factor productivity growth has exceeded agricultural input growth in the United States. This was due to the funding of the sector as well as the research and development.
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Dane Company budgets total overhead cost of $7,200,000. The company allocates overhead cost based on 100,000 budgeted direct labor hours. The single plantwide overhead rate is:
The single plantwide overhead rate is:$72 per direct labor hour.
Single plantwide overhead rateUsing this formula
Single plantwide overhead rate= Budgeted total overhead cost/Budgeted direct labor hours
Where:
Budgeted total overhead cost=$7,200,000
Budgeted direct labor hours=100,000
Let plug in the formula=$7,200,000/100,000
Single plantwide overhead rate=$72 per direct labor hour
Inconclusion the single plantwide overhead rate is:$72 per direct labor hour.
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Jerry Allison starts the month with a balance on his credit card of $1,070. On the 10th day of the month, he purchases $390 in clothes with his credit card. On the 15th day of the month, he makes a payment on his credit card of $550. Jerry's interest rate is one and a half percent for the month. Jerry's bank calculates the finance charge on their credit card by using the previous balance method. What would Jerry's finance charges be for the month?
a. $11.17
b. $7.80
c. $13.18
d. $21.90
e. $16.05
Answer:
b. $7.80
Explanation:
hope it help you
List six daily activities you perform. They might include preparing homework assignments, shopping and other activities. Ensure that three of the activities call for decision making that is unstructured(or semi-structured) and three involve structured decision making. Prepare a report explaining what decision making is required and why the decision making is unstructured or structured
Answer:
Work, School, Making dinner, Driving, Choosing music, Doing homework
Explanation:
How does the slope of a supply or demand curve differ from elasticity of supply or demand?
The slope of a supply or demand curve differ from elasticity of supply or demand are to represent quantities to prices because of changes in the level of prices to changes in the level of quantity supply or demand.
What is demand?The term “demand” is believing on people wants and desires to the amount of money of goods and services. Demand is an economic notion that deals with the relation between user demand for goods and services and their market prices.
The slope of a supply curve is upward basis and the demand curve basis on downward to the right was the straight line. It was the change of prices in the level of quantity supply or demand. Elasticity of supply or demand was the quantity to price demanded or supplied.
As a result, the conclusion of the difference between are the aforementioned.
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Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?
Using the appropriate tool from the Accountant Tools menu, the 4 options that can be batch reclassified in QuickBooks Online Accountant are options A, B, C and F:
ClassesCustomersProducts and ServicesAccountWhat is QuickBooks Online Accountant?In the above question, too batch reclassify these items, you can use the "Batch Reclassify Transactions" tool, which can be found under the Accountant Tools menu.
This tool allows you to select multiple transactions and reclassify them to a different account, class, customer, or product/service.
Therefore, Locations, tax codes, and suppliers cannot be batch reclassified using this tool. However, you can edit individual transactions to change their location, tax code, or supplier if necessary.
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See full question below
Using the appropriate tool from the Accountant Tools menu, which 4 of the following can be batch reclassified in QuickBooks Online Accountant?
Classes
Customers
Products and Services
Locations
Tax Code
Account
Suppliers
The null and alternate hypotheses are:
H0: μd = 0
H1: μd ≠ 0
The following paired observations show the number of traffic citations given for speeding by Officer Dhondt and Officer Meredith of the South Carolina Highway Patrol for the last 5 months.
Number of Citations Issued
May June July August September
Officer Dhondt 30 22 25 19 26
Officer Meredith 26 19 20 15 19
At the .05 significance level, is there a difference in the mean number of citations given by the two officers?
a. What is the p-value? (Round your answer to 4 decimal places.)
b. What is your decision regarding the null hypothesis?
multiple choice 1
Reject the H0
Do not reject the H0
c. Is there a difference in the mean number of citations given by the two offices?
Yes
a. The calculated p value is 0.0025.
b. The decision regarding the null hypothesis is to Reject the H0
c. Yes there is a difference in the mean given by the two offices.
How to solve the statistics using the datafind the difference between the set of data
30 - 26 = 4
22 - 19 = 3
25 - 20 = 5
19 - 15 = 4
26 - 19 = 7
find the average of the set of scores
24.4 , 19.8, 1.52
Hypothesis formulation
H0: µ1 = µ2
Ha: µ1 ≤ µ2
Decide the test statistic and the level of significance:
alpha = 0.05
df = 5 - 1 = 4
upper critical value at the level of significance = 2.7764
lower critical value at the level of significance = -2.7764
The decision rule
Reject H0 if |t| > 2.7764
Test statistics calculating
bar x1 - bar x2 =
24.4 - 19.8 = 4.6
standard error = s / √n
= 0.6798
t statistic = 4.6 / 0.6798
= 6.767
The decision would be given that 6.7670 > 2.7764, we would have to reject the null hypothesis and accept the alternate hypothesis.
the p value is given as 0.0025. This is the probability of rejecting the true H0
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Which groups of people are eligible for Medicare?
A. People over 65 who live below the poverty level only
B. People over 65 only
C. People who live below the poverty level
D. People over 65 and people with disabilities