The annual earnings for persons with high-school diploma is $60000, versus $70000 for someone with a...

The annual earnings for persons with high-school diploma is $60000, versus $70000 for someone with a bachelor's degree. cost of attending college is equivalent future value of $400000 at graduation. working for 35 years after graduation. Find the internal rate or return of earning a bachelor's degree

Expert Solution

Additional Income for a Bachelor's Degree = 70000-60000 = $10000

Therefore, IRR = -0.7242%

jeff jeffy answered 2 years ago

The annual earnings of 25 people with a high school diploma and 16 people with an...

The annual earnings of 25 people with a high school diploma and 16 people with an associate degree are shown below. Can you conclude that there is a difference in the mean annual earnings based on level of education? Assume that population are normally distributed and population variances are not equal. High school diploma Associate degree x1=$36,875 x2=$44,900 s1=$5475 s2=$8580 n1=25 n2=16 Identify the claim and state the null and alternative hypothesis. What type of statistical test should be used...

Suppose there are two types of persons, high ability and low ability. A particular diploma costs...

Suppose there are two types of persons, high ability and low ability. A particular diploma costs a high ability person $8,000 and costs a low ability person $20,000. Firms wish to use education as a screening device where they intend to pay $25,000 to workers without a diploma and $K to those with a diploma. In what range must K be to make this an e§ective screening device? Consider a scenario where employers can perfectly observe job candidatesíability (information asymmetry...

In a survey of 100 U.S. residents with a high school diploma as their highest educational...

In a survey of 100 U.S. residents with a high school diploma as their highest educational degree (Group 1) had an average yearly income was $35,621. Another 120 U.S. residents with a GED (Group 2) had an average yearly income of $33,498. The population standard deviation for both populations is known to be $4,310. At a 0.01 level of significance, can it be concluded that U.S. residents with a high school diploma make significantly more than those with a GED?...

Suppose the scores of a certain high school diploma test follow a normal distribution in the...

Suppose the scores of a certain high school diploma test follow a normal distribution in the population with a mean of 195 and standard deviation of 30. 1. About ______ percent of the students have a score between 135 and 195. 2. About ______ percent of the students have a score between 225 and 255. 3. The middle 95% of the students have a score between ________ and ________ . 4. Recently class A just had a Math exam, but class B...

Analyze unemployment-related issues -- High unemployment rate among workers with high school diploma or less Study...

Analyze unemployment-related issues -- High unemployment rate among workers with high school diploma or less Study the past trends, provide an overview of the current status, and provide solutions to overcome any problems related to the issue you are studying. Use data, articles, and government reports to draw a clear picture of the current unemployment issues. Your research needs to be structured with consistent and clear thoughts. It also needs to be supported by facts and data. Your results need...

In a simple random sample of 1600 young people, 86% had earned a high school diploma....

In a simple random sample of 1600 young people, 86% had earned a high school diploma. Complete parts a through d below. a. What is the standard error for this estimate of the percentage of all young people who earned a high school diploma? .0096 nothing (Round to four decimal places as needed.) b. Find the margin of error, using a 95% confidence level, for estimating the percentage of all young people who earned a high school diploma. nothing% (Round...

3. Consider the labor market for low-skilled workers: those who lack a high-school diploma and any...

3. Consider the labor market for low-skilled workers: those who lack a high-school diploma and any experience in a skilled trade. a) Suppose that the equilibrium wage for low-skilled workers in Idaho is $9.00 / hour and equilibrium quantity is 45,000. Draw a labor-market supply/demand graph that illustrates that equilibrium.

The following is a random sample of the annual salaries of high school counselors in the...

The following is a random sample of the annual salaries of high school counselors in the United States. Assuming that the distribution of salaries is approximately normal, construct a 90% confidence interval for the mean salary of high school counselors across the United States. Round to the nearest dollar. $55,250, $46,540, $42,120, $58,740, $38,010, $43,650, $65,640

Discuss the changes in the College Earnings Premium since the 1970s. How have female high school...

Discuss the changes in the College Earnings Premium since the 1970s. How have female high school dropouts fared relative to their male counterparts and why? How have female college graduates fared relative to their male counterparts and why?

The population mean annual salary for high school teachers is $64,500 and the standard deviation is...

The population mean annual salary for high school teachers is $64,500 and the standard deviation is $7,800. A random sample of 50 teachers is obtained from this population. 1. is this sample normally distributed? why or why not? 2. What is the probability that the mean salary is less than $61,500? 3.Write the entire STATCrunch or calculator instructions/commands you use to solve this problem. Use the appropriate probability statement (ex. ?(? ≤ 2) = .20) when expressing your answer. 4.Is...

Question