home / study / social sciences / psychology / psychology questions and answers / Evaluate The Importance Of Scientific Inquiry (research) In Social And Cultural Competence. ... Question: Evaluate the importance of scientific inquiry (research) in social and cultural competence. Consi... evaluate the importance of scientific inquiry (research) in social and cultural competence. Consider the historical foundations social psychological inquiry has been founded.

ECON

Indicate whether the following transactions would be included in GDP. If they are included, indicate which component (consumption, investment, government consumption and gross investment, or net exports) of GDP would be affected.

a.    A Czech student attending school in Florida takes a summer job as a lifeguard.

b.    A New York company buys welding equipment from a St. Louis firm to help it build jet fighters.

c.    The IRS purchases a new computer from the GATS computer company (an American-owned business producing and operating in Germany) that will allow it to better detect income tax evasion.

A vehicle quality survey asked new owners a variety of questions about their recently purchased automobile. One question asked for the owner’s rating of the vehicle using categorical responses of average, outstanding, and exceptional. Another question asked for the owner’s education level with the categorical responses some high school, high school graduate, some college, and college graduate. Assume the sample data below are for 500 owners who had recently purchased an automobile.

a. Use a .05 level of significance and a test of independence to determine if a new owner's vehicle quality rating is independent of the owner's education.

Compute the value of the test statistic (to 2 decimals).

The p-value is - Select your answer -less than .01 or between .01 and .025 or between .025 and .05 or between .05 and .10 or greater than .10

What is your conclusion?

- Select your answer -Cannot conclude or Conclude that the quality rating is not independent of the education of the owner.

b. Use the overall percentage of average, outstanding, and exceptional ratings to comment upon how new owners rate the quality of their recently purchased automobiles.

New owners - Select your answer -do not appear or appear to be satisfied with the recent purchase of their automobile. What percent of owners rated their automobile as Outstanding or Exceptional.

Judy Anderson was assigned as a recruiter for South Illinois Electric Company (SIE), a small supplier of natural gas and electricity for Cairo, Illinois, and the surrounding area. The company had expanded rapidly during the last half of 1990s, and the growth was expected to continue. In January 2003 SIE purchased the utility system serving neighbouring Mitchell Country. This expansion concerned Judy. The company workforce had increased by 30 percent the previous year, and Judy had found it a struggle to recruit enough qualified job applicants. She knew that the expansion would intensify the problem.

Judy is particularly concerned about meter readers. The task required in meter reading are relatively simple, a person drives to homes served by the company, finds the gas or electric meter, and records its current reading. If the meter has been tempered with, it is reported. Otherwise, no decision-making of any consequence is associated with the job. The readers perform no calculations. The pay was $8.00 per hour, high for unskilled work in the area. Even so, Judy had been having considerable difficulty keeping the 37 meter readers’ positions filled.

Judy was thinking about how to attract more job applicants when she received a call from a human resource director, Sam McCord. “Judy”, Sam said, “I’m unhappy with the job specification calling for only high school education for meter readers. In the planning for the future, we need better educated people in the company. I’ve decided to change the education requirement for the meter reader job from a high school diploma to a college degree.”

“but, Mr. McCord”, protested Judy, “the company is growing rapidly. If we are to have enough people to fill those jobs, we just can’t insist on finding college applicants to perform such a basic task. I don’t see how we can meet our future needs for this job with such an unrealistic job qualification.”

Sam terminated the conversation abruptly by saying, “No, I don’t agree. We need to upgrade all the people in our organization. This is just part of a general effort to do that. Anyway, I cleared this with the president before I decided to do it.”

To share 3 points, 3 paragraphs on your opinion about Sam's effort to upgrade the people in the organisation.

Case Study:
A Degree for Meter Readers Judy Anderson was assigned as a recruiter for South Illinois Electric Company (SIE), a small supplier of natural gas and electricity for Cairo, Illinois, and the surrounding area. The company had expanded rapidly during the last half of 1990s, and the growth was expected to continue. In January 2003 SIE purchased the utility system serving neighbouring Mitchell Country. This expansion concerned Judy. The company workforce had increased by 30 percent the previous year, and Judy had found it a struggle to recruit enough qualified job applicants. She knew that the expansion would intensify the problem. Judy is particularly concerned about meter readers. The task required in meter reading are relatively simple, a person drives to homes served by the company, finds the gas or electric meter, and records its current reading. If the meter has been tempered with, it is reported. Otherwise, no decision-making of any consequence is associated with the job. The readers perform no calculations. The pay was $8.00 per hour, high for unskilled work in the area. Even so, Judy had been having considerable difficulty keeping the 37 meter readers’ positions filled. Judy was thinking about how to attract more job applicants when she received a call from a human resource director, Sam McCord. “Judy”, Sam said, “I’m unhappy with the job specification calling for only high school education for meter readers. In the planning for the future, we need better educated people in the company. I’ve decided to change the education requirement for the meter reader job from a high school diploma to a college degree.” “but, Mr. McCord”, protested Judy, “the company is growing rapidly. If we are to have enough people to fill those jobs, we just can’t insist on finding college applicants to perform such a basic task. I don’t see how we can meet our future needs for this job with such an unrealistic job qualification.” Sam terminated the conversation abruptly by saying, “No, I don’t agree. We need to upgrade all the people in our organization. This is just part of a general effort to do that. Anyway, I cleared this with the president before I decided to do it.

Please write an opening introduction based on above case study.

1. You are considering the wholesale purchase of 10,000 computers for $6,000,000 with the idea of reselling them at retail. All cash inflows from sales are estimated as at the end of the year. In the first year each computer will sell for $1,000. In the second year each computer will sell for $500 since it will then be considered an older model. At the end of the second year you will have to pay another company $50 per computer for the proper disposal of any remaining computers. Each year, it is equally likely that there will be high sales or low sales. In a high sales year, you will sell 6,000 computers and in a low sales year you will only sell 3,000.
2. a）Draw a decision tree for this problem.
3. b）Should you purchase computers? Use an opportunity cost of capital of 10% and show all work.
4. c）A school is looking to purchase 7,000 computers at the end of one year. If you have 7,000 to sell, they will purchase them for $2,500,000. If you cannot sell 7000 then they do not want to buy any. 1 Produce a new decision tree that shows the option to sell to the school. 2. Does this option increase the value of this investment? What is the new value of the total investment.

With the ground broken for the construction of its new home (the Nicol Building), the Sprott School of Business needs someone to supply it with 250 customized computers per year for the next 5 years, and you have decided to bid on the contract. It will cost you $125,000 to install the equipment necessary to start production. The equipment will be depreciated at 30 percent (class 10), and you estimate that it can be salvaged for 20.00% (of the original cost) at the end of the 5- year contract. Your fixed production costs will be $50,000 per year, and your variable production costs should be $600 per computer. You also need an initial investment in net working capital of $13,000. Assuming that your tax rate is 34 percent and you require a 12 percent return on your investment:

1. a) What is the depreciation tax shield in the third year of this project?

2. b) What is the present value of the CCA tax shield?

3. c) What is the minimum price that your company should bid per single computer?

Assuming you believe that Sprott School of Business will pay $975.00 per customized computer, what is the NPV of this project? Should you submit a bid given this new information?

A Minnesota school district has a novel idea about a factor influencing school attendance: they think the more the school cafeteria serves “junkie” kid preferred food, the more they want to come to school. To test this, they take a sample of eight school days and measure the % of saturated fat in the school lunch and the % school attendance. The students are told in advance what the school lunch will be.

Evaluate the data and then explain if serving tasty, yet lousy, food is related to attendance.   
                        % Saturated Fat
                        in School Lunch           % Attendance

13.3                             35

24.9                             80

  9.0                             10

34.5                             75

36.1                             85

22.1                             75

22.7                             70

24.5                             80

1.State your null formally and in lay terms for a simple regression

2. Calculate r and the regression line (y = a + bx) and reject/accept at a=.05.

3. Explain your findings in lay terms using r-square, r, b

4. Calculate a 95% confidence interval for the slope and explain in layterms.

5. Calculate a 95% confidence interval for Y when X is “25” and explain in layterms.

Deletion of Product Line

St. Gallen American School is an international private elementary school. In addition to regular classes, after-school care is provided between 3:00 pm and 6:00 pm at CHF 10 per child per hour. Financial results for the after-school care for a representative month are as follows:

The director of St. Gallen American School is considering discontinuing the after-school care services because it is not fair to the other students to subsidize the after-school program. He thinks that eliminating the program will free up CHF 1,300 a month to support regular classes.

1. Compute the financial impact on St. Gallen American School from discontinuing the after-school care program.
2. List three qualitative factors that would influence your decision

Wenatchee is a town on a large river. On the other side of the river is East Wenatchee (since the river is the county line, these are in two different counties and thus, two different cities.) Wenatchee (which I refuse to call "West Wenatchee") is pretty much hemmed in on all sides by mountains. East Wenatchee, on the other hand, sits on a large plateau surrounded by wheat fields.

Assume that housing in Wenatchee and housing in East Wenatchee are what economists call "perfect substitutes." This means basically that people don't care whether they live in Wenatchee or East Wenatchee. Then imagine that in the nearest big city there is a pandemic followed by a bunch of riots. Part of the town is taken over by Marxists revolutionaries. The city starts dismantling the police and raising taxes because they have no money. (Just try to imagine it!) and this causes a lot of people to decide it would be nice to live in a smaller town on the other side of the mountains.

Which will grow more, Wenatchee or East Wenatchee? Why? Your answer should include econ words like "supply," "demand," "quantity supplied," "quantity demanded," and a certain important word from chapter 5. It should also probably include a graph or two.