1. For the next two questions use the following information to determine your answers. A random...

1. For the next two questions use the following information to determine your answers. A random sample of 230 workers at a company were surveyed about their satisfaction with their life. The answer about their satisfaction (not, somewhat, very) was recorded along with their annual wages (1 = $20K - $35K, 2 = $35K - $50K, 3 = $50K - $75K, 4 = $75K - $90K). Below is the gathered data.

Assuming there’s no relationship between income and life satisfaction, how many people who earn between $20K - $35K would you expect to be Not Satisfied with life? Please round to the second decimal place.

	$20K-$35K	$35K-$50K	$50K-$75K	$75K-$90K	Total
Very Satisfied	13	11	19	15	58
Somewhat Satisfied	29	31	28	12	100
Not Satisfied	34	20	10	8	72
Total	76	62	57	35	230
Pearson's Chi-square test
X-squared = 20.0043	df = 6	p_value < 0.001

2. Based on the information above, determine if you should accept or reject the null hypothesis that there is no relationship between income and life satisfaction when alpha = 0.05? Please provide detailed explanation for question 2

Expert Solution

orchestra answered 2 years ago

Use the following information to answer the next 11 questions. SELECT ALL ANSWERS THAT APPLY. On...

Use the following information to answer the next 11 questions. SELECT ALL ANSWERS THAT APPLY. On May I. Sam Company sold $5,000 of inventory to Bob Company. The sale was made on account and Sam granted Bob credit terms of 2/10. n/30. The inventory cost Sam Company $3,000. On May 3, Bob returned $1,000 of the inventory to Sam. (The inventory returned by Bob cost Sam $600.) On May 9, Bob paid Sam in full for the amount due. 1....

QUESTION 7 Use the following information to answer the next two questions: (Question 1 of 2)...

QUESTION 7 Use the following information to answer the next two questions: (Question 1 of 2) Higgins Company purchased specialized equipment on July 1, 2019, that cost $300,000, has a residual value of $40,000, and a useful life of four years. The amount of depreciation expense for 2020, under the double declining balance method is: A. $112,500. B. None of the above C. $97,500. D. $75,000. E. $125,000. 2 points QUESTION 7 B Use the following information to answer...

Use the following information to answer the next two questions: On January 1, 2018, Jimbo Enterprises...

Use the following information to answer the next two questions: On January 1, 2018, Jimbo Enterprises purchased new equipment for its training center. The equipment cost $220,000. Jimbo paid $25,000 down and is required to pay the rest in semiannual installments for the next 8 years. Jimbo's cost of borrowing is 4%. (a) What is the amount of the semiannual payment Jimbo will make every six months? (b) What is the total amount of interest expense Jimbo will pay over...

Use the following information to answer the next two questions: Stock Amount &nb

Use the following information to answer the next two questions: Stock Amount Beta A 25,000 0.2 B 20,000 1.0 C 30,000 1.8 D 25,000 1.6 Risk-free rate is 3% and the market risk premium is 8% What is the required return for this portfolio?

A.) Use the following information for the next two questions. Suppose the risk free rate is...

A.) Use the following information for the next two questions. Suppose the risk free rate is 4%. Consider the following three borrowers: A, B, and C. Their probability of repayment (p) is .95, .92, and .90, respectively, with associated gammas of .3, .4, and .6, respectively. Where gamma = % recovery in event of default. Which borrower would be charged the highest loan rate? B.) How much would A's loan rate increase if the loan was unsecured?

QUESTION 1 Use the following information to answer the next two questions. The peso/pound exchange rate...

QUESTION 1 Use the following information to answer the next two questions. The peso/pound exchange rate is Mex$16/£ while the euro/pound exchange rate is €1.15/£ . You also observe that the actual peso/euro cross exchange rate is Mex$12/€ . Find the triangular arbitrage profit (in pounds) available to someone that has access to £3,000,000. Round intermediate steps to four decimals and your final answer to two decimals. Do not use the pound sign when entering your answer. 6.25 points ...

Use the following information to answer the next two questions: Suppose society consists of two individuals,...

Use the following information to answer the next two questions: Suppose society consists of two individuals, A and B, who must split a fixed income of $100. Individual A’s marginal utility of income is given by MUA=400-8IA and individual B’s marginal utility of income is given by MUB=800-4IB. 17. If the social welfare function is given by W=UA+UB, then at the optimal distribution of income, social welfare (W) is _______________. 18. Suppose instead that the social welfare function is...

1. Use the following information provided and the answers to the questions below to predict what...

1. Use the following information provided and the answers to the questions below to predict what the weighted average cost of capital might be in the future. Then, use the WACC to make an informed decision about whether or not the company should invest in a new project. Publicly traded companies are required to produce annual accounting reports (10-K) for the SEC detailing the financial operations of the past year. Suppose that you look up a company and find that...

Use the following information to answer the next 5 questions. Your corporation is considering investing in...

Use the following information to answer the next 5 questions. Your corporation is considering investing in a new product line. The annual revenues for the new product line are expected to be $306000 with variable costs equal to 50% of these sales. In addition annual fixed costs associated with this new product line are expected to be $59900. The old equipment currently has no market value. The new equipment cost $55400. The new equipment will be depreciated to zero using...

Use the following information to answer the next four questions. The cash flows for two mutually...

Use the following information to answer the next four questions. The cash flows for two mutually exclusive projects are shown in the following table. Investors require a 16% rate of return for each project. Year Cash Flows: Project S (in millions) Cash Flows: Project T (in millions) 0 -200 -200 1 -20 50 2 45 60 3 70 30 4 -10 -40 5 125 100 6 125 100 7 150 100 Find the profitability index for project S. Round intermediate...

Question