Fred is on his way to Palm Desert to enjoy the weekend with his friends. The two-hour road trip from Los Angeles to the desert will be much more enjoyable with a few snacks for the journey. Fred stops at his local 7-11 to buy a Dr. Pepper and a Snicker's bar. Fred leaves his motor running while he enters the store. For some reason, his car's transmission engages and the vehicle collides with the adjacent gas pump causing a fire that spreads to the entire strip mall down the street. The fire finally reaches the Pep Boys store where Julia is shopping. As Julia attempts to leave the burning store, the Manny, Mo, and Jack, Pep Boys sign falls on her causing a few injuries. Can Julia recover from Fred? Why or Why not?

Q1 .. Ministry of Social Works of Kuwait will build one new school in Salmiya and one new hospital in Ahmadi

Write the short essay (70-100 words) by answering the below questions:

a. What is changing, AD or SRAS?

b. Will it increase or decrease? Explain how this change will take place.

c. Draw the appropriate change below.

d. What happened to Real GDP?

e. What phase of the business cycle would the economy be in?

f. What is likely happening to unemployment?

g. What happened to price level?

Q2 . Banks offer lower interest rate than last month

Write the short essay (70-100 words) by answering the below questions:

a. What is changing, AD or SRAS?

b. Will it increase or decrease? Explain how this change will take place.

c. Draw the appropriate change below.

d. What happened to Real GDP?

e. What phase of the business cycle would the economy be in?

f. What is likely happening to unemployment?

g. What happened to price level?

Q3 - Firms expect lower price level in the future

Write the short essay (70-100 words) by answering the below questions:

a. What is changing, AD or SRAS?

b. Will it increase or decrease? Explain how this change will take place.

c. Draw the appropriate change below.

d. What happened to Real GDP?

e. What phase of the business cycle would the economy be in?

f. What is likely happening to unemployment?

g. What happened to price level?

Q 4 - Country experiences a decrease of the number of expats

Write the short essay (70-100 words) by answering the below questions:

a. What is changing, AD or SRAS?

b. Will it increase or decrease? Explain how this change will take place

. c. Draw the appropriate change below.

d. What happened to Real GDP?

e. What phase of the business cycle would the economy be in?

f. What is likely happening to unemployment?

g. What happened to price level?

In a study of school dining halls, a sample of 75 high schools in New Jersey showed that 15 provided gluten-free meal options. Develop a 98% confidence interval for the proportion of the studied New Jersey high schools that provide gluten-free meals.

Group of answer choices

10.9% to 29.1%

15.3%to 24.6%

9.2.% to 30.8%

None of the above

The Director/Owner is considering opening a new School in Lakewood NJ. Concerned that the cost of living in Lakewood will not allow for the hiring of employees at cost effective rates the Director/Owner has asked you to determine the rate at which new teachers should be paid to support a “living wage” in the immediate area. To support your decision, the Director/Owner has asked that you prepare a personal budget for a hypothetical employee living in Lakewood or the surrounding communities. Your budget should identify what the yearly salary needs to be for such an employee to meet all of their living expenses. The CEO would like to hire young energetic tellers and to reflect that has asked your budget reflect the following assumptions:

1) Single with no children and between the ages of 21 and 30;

2) Renting a place to live;

3) Drives a used car that is paid off completely;

4) Lives in Lakewood or a city bordering it;

5) Will participate in the company health plan at a cost to the employee of $100 per month (18% paid by employee 72% paid by company); and

6) No student loan debt or revolving credit debt. You may make any additional assumptions you feel needed to prepare a full and complete personal budget for the expected employee. This includes the payment terms for, rent, food costs, other insurance costs, etc. Your assumptions should be reasonable. Any assumption that invalidates the assignment is unreasonable. Your assumptions and calculations should be supported with a source using footnotes

A researcher is investigating the effects of a new studying program for high school students hoping to increase test scores on the ACT exam. The ACT has a population average of 21.1 and standard deviation of 3.2 for the composite score. The researcher had 15 participants in the study who had an average ACT composite score of 23.3. Use a .035 level of significance.

Name the null and alternative hypotheses (1 point)

What is the critical value to test this at the .035 level (1 point)?

What is the value of the test statistic (2 points)?

What decision should the researcher make (1 point)?

A teacher instituted a new reading program at school. After 10 weeks in the​ program, it was found that the mean reading speed of a random sample of 20 second grade students was

94.4 wpm. What might you conclude based on this​ result? Select the correct choice below and fill in the answer boxes within your choice.

​(Type integers or decimals rounded to four decimal places as​ needed.)

A. A mean reading rate of 94.4 wpm is not unusual since the probability of obtaining a result of 94.4 wpm or more is ____. This means that we would expect a mean reading rate of 94.4

or higher from a population whose mean reading rate is 92 in ____ of every 100 random samples of size n=20 students. The new program is not abundantly more effective than the old program.

B. A mean reading rate of 94.4 wpm is unusual since the probability of obtaining a result of 94.4 wpm or more is ____. This means that we would expect a mean reading rate of 94.4

or higher from a population whose mean reading rate is 92 in ____ of every 100 random samples of size n=20 students. The new program is abundantly more effective than the old program.

The following data were obtained in a study of the relationship between diastolic blood pressure (Y) and age (X) for boys 5 to 13 years old.

Fit a simple linear regression model to the data and plot the residuals against the fitted values.

Omit case 7 and refit the model. Plot the residuals versus the fitted values and compare to what you got in (a).

Using the fitted model from (b), obtain a 99% prediction interval for a new Y observation at X = 12. Does observation y₇ fall outside this prediction interval? What is the significance of this?

The demand function for a truckload of firewood in a small town with a college is Q = 200 - 1.5p for non-students and Q = 200 - p for students, where p is the price of firewood, in $/truckload. For the town as a whole, including the students, the slope of the inverse demand curve to the right of the kink is ? A. -1 B. -2 C. -.5 D. -.4

Why does AT&T wish to acquire Time Warner? What is the benefit to the merger? Who loses? The U.S. government doesn’t generally get involved with vertical mergers, why is the government contesting the AT&T/Time-Warner deal, but not (at least yet) the Disney/Fox deal (although the U.K. has expressed concerns)? Do you believe AT&T should be allowed to acquire Time-Warner? If so, should they place any restrictions on the merged firm?

1. Costs with a wage of $24

2. Costs with a wage of $20 and a time of 10 minutes

3. Costs with a wage of $20 and a rent of $100,000

4. Kim and Pat underwrite insurance. Each underwrites 50 accounts per month. Each account takes four hours to underwrite. The value of their time is $40 per hour. Monthly costs for each are $1,500 for an office, $2,000 for a receptionist, and $2,400 for a secretary. Calculate the average and incremental cost per case for Kim and Pat.

5. If Kim and Pat merge their operations, they would need only one receptionist, and their rent for the joint office would be $2,800 per month. All other values stay the same. Calculate the average and incremental cost per case for the merged office. Are there economies of scale at 100 accounts per month? Should Kim and Pat merge their offices
?