Questions
A consumer magazine wants to figure out which of two major airlines lost a higher proportion...

A consumer magazine wants to figure out which of two major airlines lost a higher proportion of luggage on international flights. The magazine surveyed Standard Air (population 1) and Down Under airlines (population 2). Standard Air lost 45 out of 600 bags. Down Under airlines lost 30 of 500 bags. Does Standard Air have a higher population proportion of lost bags on international flights? Which of the following is the appropriate conclusion at the 5% significance level?

In: Statistics and Probability

Is income inequality a serious problem in America? Should the government do more to promote a...

Is income inequality a serious problem in America? Should the government do more to promote a more equitable division of wealth in America? If so, how? If not, why not?

Explain in 300 words.

In: Economics

There is an emphasis in American culture on developing a strong sense of autonomy and independence...

There is an emphasis in American culture on developing a strong sense of autonomy and independence as we grow older. Although Erikson was keenly aware that there is a constant tension between independence and belonging, a theme running throughout his developmental theory is that in order to advance to higher stages of development we must achieve a stronger sense of independence, increasingly liberating ourselves from our dependence upon others. Is our focus in America on autonomy and independence an unmitigated good or are there other possibilities? Looking at moral reasoning in America, Carol Gilligan contends that the emphasis on autonomy and independence is based on a masculine ideal, whereas a focus on social relationships, empathy, and interconnectedness lies at the heart of the feminist perspective. In your written assignment please describe Gilligan’s case for gender bias in Kohlberg's theory of moral reasoning. How does she justify her argument? How does her theory of moral reasoning relate to Erikson’s ideas about the relationship between autonomy and intimacy? Finally, in your own upbringing, were interdependence/empathy or independence/autonomy emphasized more? At what ages (be specific with at least one example)? Did the focus change as you grew older? Was it different in your family depending on your gender? What perspective would you try to emphasize with your own (perhaps hypothetical) children? Would it be different for different genders? This last set of questions is asking for your opinion about these issues in moral reasoning and there is not a correct answer, but you should engage the course readings in your responses.

In: Psychology

Archway Adventures has compiled data for 2017 on customer orders by region and product group as...

  1. Archway Adventures has compiled data for 2017 on customer orders by region and product group as follows:

North America

Europe

Rest of World

Total

Children’s Toys

5,400

2,700

900

9,000

Games

4,200

2,700

1,100

8,000

Other

1,300

900

800

3,000

Total

10,900

6,300

2,800

20,000

Let us assume that these are representative of the pattern of orders that they anticipate seeing in 2018.

  1. Are the events “Toy” and “Rest of the World” independent? Explain.
  2. The rows of the table are mutually exclusive categories. How would our summary be complicated if some orders were for multiple products?
  1. 54.5% of Archway’s orders come from North America, 31.5% from Europe and the remaining 14% from the rest of the world. Among North American customers, 3% complained about late or lost deliveries. Similarly, complaints were received from 8% of European customers and 15% of customers from the rest of the world.
  1. Construct a probability tree that shows all combinations of where orders originated and whether customers complained. Label all branches in terms of what the event is on the branch and the corresponding probability (e.g., P(A), PA’), P(B|A), P(B’|A),…). Also determine the probability for each ending joint event (e.g., P(Europe and Complain)).
  2. Summarize all of the joint probabilities in a probability table.
  3. What percentage of Archway customers complained about delivery problems?
  4. Among those who complained, what percentage were from Europe?

In: Statistics and Probability

1. Which of the following variables is an example of a categorical variable? a) The amount...

1. Which of the following variables is an example of a categorical variable?

a) The amount of money you spend on eating out each month.

b) The time it takes you to write a test.

c) The geographic region of the country in which you live.

d) The weight of a cereal box.

2. Which of the following is an example of a discrete random variable?

a) The monthly electric bill for a local business.

b) The number of people eating at a local café between noon and 2:00 p.m.

c) The amount of time it takes for a worker to complete a complex task.

d) The percentage of people living below the poverty level in Boston.

3. A measurement scale that rates product quality as either 1 = poor, 2 = average and 3 = good is known as:

a) Nominal

b) Ordinal

c) Interval

d) Ratio

4. Which of the following statements involve descriptive statistics as opposed to inferential statistics?

a) The Alcohol, Tobacco and Firearms Department reported that Seattle had 1,825 registered gun dealers in 2013.

b) Based on a survey of 380 magazine readers, the magazine reports that 30% of its readers prefer double column articles.

c) The FAA samples 425 traffic controllers in order to estimate the percent retiring due to job stress related illness.

d) Based on a sample of 350 professional baseball players, a baseball magazine reported that 23% of the parents of all professional baseball players did not play baseball.

5. Suppose a survey is taken of 300 high school seniors out of a total of 1,000 seniors. This group is probably a:

a) Sample

b) Population

c) System

d) Process

6. Which of the following is a quantitative variable?

a) the make of a washing machine

b) a person's gender

c) price of a car in thousands of dollars

d) whether a person is a college graduate or not

7. Pareto's principle is applied to a wide variety of behavior over many systems. It is sometimes referred to as the:

a) "20-80" Rule

b) "80-20" Rule

c) "10-90" Rule

d) "90-10" Rule

8. Which of the following is most likely a continuous numerical variable?

a) the number of gallons of paint purchased

b) the number of reams of paper ordered

c) the population of Egypt in 2005

d) the number of miles of interstate highways

9. A company has developed a new battery, but the average lifetime is unknown. In order to estimate this average, a sample of 110 batteries is tested and the average lifetime of this sample is found to be 200 hours. The 200 hours is the value of a:

a) parameter

b) statistic

c) sampling frame

d) population

In: Math

A company is currently trading at $100 per share. After examining the stock, determined that in...

A company is currently trading at $100 per share. After examining the stock, determined that in each 3 month period, its price will either increase to 25% or decrease by 20%. The interest rare is 3% every 3 months.

a) A six month Europrean call option on this company has an exercise price of $90. What is the value of this call option?

b) What is the value of a six month European put option on this company with an exercise price of $90?

c) Verify that put-call parity holds.

d) Now suppose that the company pays a dividend equal to $25 in three months. What is the value of a six month American call option on the company with an exercise price of $90? Would an individual ever want to exercise this option early?

In: Accounting

This week, we are focusing on World War I and the explosion of violence on a...

This week, we are focusing on World War I and the explosion of violence on a global stage. This is a period of fear, uncertainty, and turmoil that will greatly impact millions of individuals during this period. Consider how this war was interpreted at home and abroad!

Questions to consider: 1. Many argue that many men, notably African American men, fought a war in Europe only to return to a fight at home. Why? What does this mean? 2. Did this war change mindsets at home? Why or why not? Primary Source: Woodrow Wilson Requests War: 1. Why does Wilson argue we need to enter into this conflict? 2. What are the goals and motivations of this declaration for war? 3. What does Wilson hope to achieve by entering into this conflict? DuBois, "Returning Soldiers" 1. According to DuBois, why is America "a shameful land"? 2. Describe DuBois' tone throughout this piece. How does his tone impact his message?

In: Economics

How did rapid expansion of the U.S. economy during the 1920s pave the way for the...

How did rapid expansion of the U.S. economy during the 1920s pave the way for the stock market crash of 1929 and Great Depression of the 1930s? What role did government, private industry, investors, and consumers play in the rise and fall of the financial system?
Answer this question by including more information about the government policy at the time. Talk about Harding and his policies and how they weakened the FTC and Federal Reserve Board. Include information about The Second Industrial Revolution. Mention Henry Ford and the Automobile, how did that change America? Talk about the mechanization of farming. Include the rise of the consumer economy. Growth of purchasing power meant what? You will want to mention investments and loans. Buying on credit and how that impacted the stock market. Lastly, discuss the legacy of WWI. European nations had borrowed so much money from USA, but couldn’t pay it back. Discuss the vulnerability of American banks.

In: Economics

Sales and Notes Receivable Transactions The following were selected from among the transactions completed during the...

Sales and Notes Receivable Transactions The following were selected from among the transactions completed during the current year by Danix Co., an appliance wholesale company: Jan. 13. Sold merchandise on account to Black Tie Co., $40,200. The cost of goods sold was $24,120. Mar. 10. Accepted a 60-day, 8% note for $40,200 from Black Tie Co. on account. May 9. Received from Black Tie Co. the amount due on the note of March 10. June 10. Sold merchandise on account, terms 2/10, n/30, to Holen for $14,200. Record the sale net of the discount. The cost of goods sold was $8,520. 15. Loaned $24,000 cash to Pioneer Co., receiving a 30-day, 6% note. 20. Received from Holen the amount due on the invoice of June 10, less 2% discount. July 15. Received the interest due from Pioneer Co. and a new 60-day, 9% note as a renewal of the loan of June 15. (Record both the debit and the credit to the notes receivable account.) Sept. 13. Received from Pioneer Co. the amount due on its note of July 15. 13. Sold merchandise on account toWycoff Co., $40,000. The cost of goods sold was $24,000. Oct. 12. Accepted a 60-day, 6% note for $40,000 from Wycoff Co. on account. Dec. 11. Wycoff Co. dishonored the note dated October 12. 26. Received from Wycoff Co. the amount owed on the dishonored note, plus interest for 15 days at 12% computed on the maturity value of the note. Required: Journalize the entries to record the transactions. Assume 360 days in a year. For a compound entry, if an amount box does not require an entry, leave it blank. Assume this is a year in which February has 28 days. Jan. 13-sale Accounts Receivable-Black Tie Co. Sales Jan. 13-cost Cost of Goods Sold Inventory Mar. 10 Notes Receivable Accounts Receivable-Black Tie Co. May 9 Cash Notes Receivable Interest Revenue June 10-sale Accounts Receivable-Holen Sales June 10-cost Cost of Goods Sold Inventory June 15 Notes Receivable Cash June 20 Cash Sales July 15 Sept. 13- note Sept. 13-sale Sept. 13-cost Oct. 12 Dec. 11 Dec. 26

In: Accounting

Sales and Notes Receivable Transactions The following were selected from among the transactions completed during the...

Sales and Notes Receivable Transactions

The following were selected from among the transactions completed during the current year by Danix Co., an appliance wholesale company:

Jan. 21. Sold merchandise on account to Black Tie Co., $28,000. The cost of goods sold was $16,800.
Mar. 18. Accepted a 60-day, 6% note for $28,000 from Black Tie Co. on account.
May 17. Received from Black Tie Co. the amount due on the note of March 18.
June 15. Sold merchandise on account, terms 1/10, n/30, to Pioneer Co. for $17,700. Record the sale net of the discount. The cost of goods sold was $10,600.
21. Loaned $18,000 cash to JR Stutts, receiving a 30-day, 8% note.
25. Received from Pioneer Co. the amount due on the invoice of June 15, less 1% discount.
July 21. Received the interest due from JR Stutts and a new 60-day, 9% note as a renewal of the loan of June 21. (Record both the debit and the credit to the notes receivable account.)
Sept. 19. Received from JR Stutts the amount due on her note of July 21.
22. Sold merchandise on account to Wycoff Co., $20,000. The cost of goods sold was $12,000.
Oct. 14. Accepted a 30-day, 6% note for $20,000 from Wycoff Co. on account.
Nov. 13. Wycoff Co. dishonored the note dated October 14.
Dec. 28. Received from Wycoff Co. the amount owed on the dishonored note, plus interest for 45 days at 8% computed on the maturity value of the note.

Required:

Journalize the entries to record the transactions. Assume 360 days in a year. For a compound entry, if an amount box does not require an entry, leave it blank. Assume this is a year in which February has 28 days.

Jan. 21-sale

Jan. 21-cost

Mar. 18

May 17


June 15-sale

June 15-cost

June 21

June 25

July 21



Sept. 19- note


Sept. 22-sale

Sept. 22-cost

Oct. 14

Nov. 13


Dec. 28

In: Accounting