Video: The Normal Distribution

1.In the United States, the average weight of an adult male is approximately 172 pounds with a standard deviation of about 30 pounds. If a man weighs 145 pounds, how many standard deviations above/below the mean is he?

A man who weighs 145 pounds is____________ standard deviations__________ the mean.

2.For this question, refer to the normal probability distribution table found here

In the United States, the average weight of an adult male is approximately 172 pounds with a standard deviation of about 30 pounds. Assuming a normal distribution, what proportion of men weigh less than 145 pounds? Express your answer as a decimal rounded to four digits after the decimal point.

3. When considering a normal distribution, proportions can be thought of as areas of regions. The areas can be found using a probability distribution table. To find the proportion of data that falls between two values, look up the appropriate two z scores in the table and      Select an answerdividesubtractmultiplyadd the values.

4. For this question, refer to the normal probability distribution table found here
In the United States, the average weight of an adult male is approximately 172 pounds with a standard deviation of about 30 pounds. Assuming a normal distribution, how much would a man weigh at the 80th percentile? Round your answer to the nearest pound.

pounds.

The U.S. census questionnaire defines kitchens with complete facilities as those having a sink with piped water, a range, and a refrigerator. Homes that lack complete kitchen facilities have been rare in the United States for many years. The first census for which data were tabulated on this subject was in 1970. The table shows the percentage of housing units lacking complete kitchen facilities in the western United States.

Percent of Western U.S. Homes with Incomplete
Kitchens

(a) Use the method of least squares to find the multivariable function f with inputs a and b for the best-fitting line

y = ax + b,

where x is years since 1970.
f(a, b) =

(b) Calculate the minimum value of

f(a, b).

Explain what this minimum value indicates about the relationship between and the best-fitting line.The minimum value of

f(a, b)

is  , which indicates that the line with parameters a =  and b =  passes through each data point.
(c) Write function of the linear model that best fits the data to give the percentage of homes with incomplete kitchens in the Western United States, where x is years since 1970, with data from

0 ≤ x ≤ 20.

h(x) =

(d) In what year does the best-fitting line predict that no housing units will lack complete kitchen facilities?

Fullerton Company (a U.S. taxpayer) has wholly-owned subsidiaries located in Hungary and Hong Kong. The Hungarian operation purchases electric generators manufactured by Fullerton and sells them throughout Eastern Europe; 90 percent of sales are made outside of Hungary. The Hungarian subsidiary generated pretax income of $ 200,000 in the current year. The Hong Kong subsidiary is an investment company that makes investments in world financial markets; 100 percent of its income is generated from passive investments. The Hong Kong subsidiary generated pretax income of $ 100,000 in the current year. Both subsidiaries distribute 100 percent of income to Fullerton Company as a dividend each year. Corporate income tax rates and withholding rates are provided in Exhibits 8.1 and 8.3.

Required: a. Explain why the income earned by the subsidiaries in Hungary and Hong Kong should be included in Fullerton’s U.S. taxable income.

b. Determine the amount of foreign tax credit allowed by the United States in the current year and the amount of excess foreign tax credit, if any.

Exhibit 8.1 International Corporate Tax rates, 2017

Country Effective Tax Rate (%)

Hong Kong   16.5
Hungary 9

United States 40

Exhibit 8.3

Nontreaty Withholding Rates in Selected Countries, 2017

Country Dividend Interest Royalties

Hong Kong     0 0 4.95
Hungary 0 0 0

US 30 30 30

United States 40

22.A gene will increase in a population, even if it causes an individual's fitness to be immediately decreased, if:

23.Under what circumstances does reciprocal altruism appear in unrelated individuals?

24.

Why do babies in the United States easily develop a fear of snakes but not a fear of guns?

In order to provide relief from the surge in imports of hangers into the United​ States, a tafiff was recently imposed on wire hangers that increased the price from​ $20 to​ $40 per box of 500 hangers. ​ Initially, there were three​ (3) million boxes of hangers produced domestically and 12.5 million boxed consumed​ (primarily by the nearly​ 30,000 dry cleaning establishments located around the United​ States). After the implementation of the tariff the domestix quantity produced increase from to four​ (4) million boxes of hangers and domestic consumption fell to 10 million boxes of hangers. Before the​ tariffs, how many millions boxes of hangers were imported   nothing After the​ tariffs, how many millions of boxes of hangers were imported nothing After the​ tariff, ​$ nothing millions is raised in tariff revenue. The gain in producer surplus after the tariff is ​$ nothing million. The loss to consumer surplus as a result of the tariff is ​$ nothing. The deadweight loss of the tariff is ​$ nothing million. There are 600 workers employed in the United States producing wire hanger. The average pay for a worker in the industry is ​ $30,000. If we compare the cost of saving all 600 jobs to the loss of consumer​ surplus, the cost of the tariff per job is ​$ nothing ​(Round your answer to the second decimal ​place.). If we compare the cost of saving all 600 jobs to the deadweight​ loss, the cost of the tariff per job is ​$ nothing ​(Round your answer to the second decimal ​place.).

2.) You believe that a stock currently selling for$50 a share should sell for $60.00 a share. An at-the-money call option (the exercise price equals the market price) sells for $3 per share and an at the money Put option sells for $2.50 per share. In which option should you invest. Now say that he actual price ended up being $54.00. Was there a better choice? Did you make the right choice?

3.) What is the money market all about? You purchased a 91 day United States T-bill on February 1st for $99,000 and sold it on April 1st for $99,500. What was your annualized return?

4.) A 20 year United States Treasury bond has a market rate of interest of 4 percent and a coupon rate of 4 percent. What is its price? A 20 year AAA corporate bond has a market rate of interest of 6 percent and coupon rate of 6 percent. What is its price? Which bond is more risky? Now say that both the market rate of the Treasury security and the corporate bond rise by 1 percent, what is the new price of each bond. Comment.

5.) The United States economy grew by 2.3 percent in 2019 and the European economy grew by 1.0 percent. Based on this data, what happened to the value of the dollar compared to the Euro. Explain   

Answer the following questions regarding wealth, poverty, and inequality.

Regarding Personal Economic Factors:

Where do you stand personally in terms of your overall wealth?

What factors in your own background contributed to your current financial status and your potential future financial status?

To what extent do you place importance on your own current and future financial status? Explain.

What are the reasons for the widening gap in wealth in the United States?

To what extent do such gaps in wealth contribute to oppression, on the one hand, and privilege and power on the other? Why and how does this occur?

Can or should something be done about huge economic gaps between the wealthy and the impoverished? If so, what should be done and why?

What are the reasons for such extreme global poverty?

What can or should be done to help?

Regarding Gaps in Wealth in the United States:

What are the reasons for the widening gap in wealth in the United States?

To what extent do such gaps in wealth contribute to oppression, on the one hand, and privilege and power on the other? Why and how does this occur?

Can or should something be done about huge economic gaps between the wealthy and the impoverished? If so, what should be done and why?

Regarding Global Poverty:

What are the reasons for such extreme global poverty?

What can or should be done to help?

1. Which statement is TRUE about public and private-employee unions?

a.Only private-employee unions can call strikes, and these unions tend to contribute less for their health insurance premiums.

b.Only private-employee unions can call strikes, while public-employee unions tend to contribute less for their health insurance premiums.

c.Only public-employee unions can call strikes, and these unions tend to contribute less for their health insurance premiums.

d.Only public-employee unions can call strikes, while private-employee unions tend to contribute less for their health insurance premiums.

2. Over 90% of all families with small children are two-earner households. False/True

3.What types of industries have been outsourced from the United States because of international trade?

a.industries that require cell-phone connectivity

b.industries that require highly skilled workers

c.industries that require a large amount of labor

d.industries that require a high degree of technology

4. Factory jobs are no longer plentiful in the United States. This is due to all of these EXCEPT:

a.growth in international trade.

b.more foreign direct investment into the United States.

c.the transformation of the manufacturing process through the growth of the Internet.

d.a shift to service industries.

5. A monopsony is a labor market with one employer. False/True

QUESTION 21

1. Hegemonic stability theorists argue that in the interwar period

QUESTION 22

1. 
   
   
   The 1944 Bretton Woods Conference resulted in the formation of the
   

QUESTION 23

1. States in the mercantilist period

QUESTION 24

1. Its advocates supported extensive economic liberalization policies such as privatization, fiscal austerity, deregulation, free trade, and reductions in government spending in order to enhance the role of the private sector in the economy.
   
   
   
   
   

QUESTION 25

1. The theorists most likely to view small states as benefiting more than large states from open regional trade agreements (RTAs) are