the United States has entered into which of the following for the purpose of avoiding double taxation of income wuth respect to social security taxes. a. totalizatiom agreements b. social security agreements c. international agreements, d. double taxation avoidance agreements
In: Finance
The highest and lowest birth rates in the United States in 2010 were in Utah and Maine, respectively. Utah reported 52,258 births with a population of about 2.8 million people. Maine reported 12,970 births with a population of about 1.3 million people. Use this data to answer the following questions.
a) On average, how many people were born each day of the year in Utah?
b) On average, how many people were born each day of the year in Maine?
c) What was the birth rate in Utah in births per 100,000 residents?
d) What was the birth rate in Maine in births per 100,000 residents?
In: Statistics and Probability
The distribution of weights of United States pennies is approximately normal with a mean of 2.5 grams and a standard deviation of 0.03 grams.
(a) What is the probability that a randomly chosen penny weighs less than 2.4 grams?
(b) Describe the sampling distribution of the mean weight of 10 randomly chosen pennies.
(c) What is the probability that the mean weight of 10 pennies is less than 2.4 grams?
(d) Could you estimate the probabilities from (a) and (c) if the weights of pennies had a skewed distribution?
In: Statistics and Probability
The Department of Justice (DOJ) is charged with overseeing mergers in the United States to determine if they are in the public interest. A merger is considered in the public interest if consumers’ surplus does not fall as a result of the merger. The DOJ is currently deciding whether to allow the pending merger between AT&T and Sprint to proceed. The market demand for long-distance telephone service is given by Q = 28 – 2P + s, where Q is quantity demanded, P is price, and s is an index of service quality. The market served by these two long-distance carriers is currently competitive. In addition, both long distance carriers currently use the same technology for producing long-distance telephone service which is given by Q = K + 1/2L. AT&T CEO, Michael Armstrong, has told Wall Street analysts that the merger will result in efficiency gains. This implies that the production function for long-distance telephone service post-merger will be given by Q = x [K + 1/2L], where x > 1 is the productivity factor. Suppose that r = 10 and w = 5, and the pre-merger service quality index is s = 12.
Derive the cost function for AT&T/Sprint post-merger for any value of x. Suppose that service quality declines by one-third to s = 8 following the merger. In addition, assume that the market for long-distance telephone service remains perfectly competitive following the merger. Determine the values of x for which the DOJ will approve this merger. (20)
In: Economics
In at least a 250 word posting, respond to the following question. Is the United States getting its money's worth in terms of health outcomes for the money spent on health care? After reading the postings of other students select the one that you found most interesting to respond to. Your response should be at least 75 words and include why you found this posting interesting.
In: Economics
The income of males in each state of the United States, including the District of Columbia and Puerto Rico, are given in Table 1, and the income of females is given in Table 2 ("Median income of," 2013):
Table 1: Data of Income for Males
|
$42,951 |
$52,379 |
$42,544 |
$37,488 |
$49,281 |
$50,987 |
$60,705 |
|
$50,411 |
$66,760 |
$40,951 |
$43,902 |
$45,494 |
$41,528 |
$50,746 |
|
$45,183 |
$43,624 |
$43,993 |
$41,612 |
$46,313 |
$43,944 |
$56,708 |
|
$60,264 |
$50,053 |
$50,580 |
$40,202 |
$43,146 |
$41,635 |
$42,182 |
|
$41,803 |
$53,033 |
$60,568 |
$41,037 |
$50,388 |
$41,950 |
$44,660 |
|
$46,176 |
$41,420 |
$45,976 |
$47,956 |
$22,529 |
$48,842 |
$41,464 |
|
$40,285 |
$41,309 |
$43,160 |
$47,573 |
$44,057 |
$52,805 |
$53,046 |
|
$42,125 |
$46,214 |
$51,630 |
Table 2: Data of Income for Females
|
$31,862 |
$40,550 |
$36,048 |
$30,752 |
$41,817 |
$40,236 |
$47,476 |
$40,500 |
|
$60,332 |
$33,823 |
$35,438 |
$37,242 |
$31,238 |
$39,150 |
$34,023 |
$33,745 |
|
$33,269 |
$32,684 |
$31,844 |
$34,599 |
$48,748 |
$46,185 |
$36,931 |
$40,416 |
|
$29,548 |
$33,865 |
$31,067 |
$33,424 |
$35,484 |
$41,021 |
$47,155 |
$32,316 |
|
$42,113 |
$33,459 |
$32,462 |
$35,746 |
$31,274 |
$36,027 |
$37,089 |
$22,117 |
|
$41,412 |
$31,330 |
$31,329 |
$33,184 |
$35,301 |
$32,843 |
$38,177 |
$40,969 |
|
$40,993 |
$29,688 |
$35,890 |
$34,381 |
Is there enough evidence to show that the mean income of males is more than of females? Test at the 1% level.
(i) Let ?1= mean income of a male in 2013. Let ?2 = mean income of a female in 2013. Which of the following statements correctly defines the null hypothesis HO?
A. ?1 ? ?2 = 0 (?1 = ?2)
B. ?1 – ?2< 0 (?1 < ?2)
C. ?1 ? ?2 > 0 (?1 > ?2)
D. ?1 + ?2= 0
Enter letter corresponding to correct answer
Answer ____________
(ii) Let ?1= mean income of a male in 2013. Let ?2 = mean income of a female in 2013. Which of the following statements correctly defines the alternate hypothesis HA?
A. ?1 ? ?2 = 0 (?1 = ?2)
B. ?1 – ?2< 0 (?1 < ?2)
C. ?1 ? ?2 > 0 (?1 > ?2)
D. ?1 + ?2= 0
Answer ____________
Enter letter corresponding to correct answer
Answer ____________
(iii) Enter the level of significance ? used for this test:
Enter in decimal form.
Answer ____________
(iv) For sample from population with mean = ?1 : Determine sample mean x¯1 and sample standard deviation s1
Enter sample mean in decimal form to nearest hundredth, then comma, then sample standard deviation in decimal form to nearest hundredth.
Answer ____________
(v) For sample from population with mean = ?2 : Determine sample mean x¯2 and sample standard deviation s2
Enter sample mean in decimal form to nearest hundredth, then comma, then sample standard deviation in decimal form to nearest hundredth.
Answer ____________
(vi) Determine degrees of freedom df :
Enter value in decimal form rounded down to nearest whole number.
Answer ____________
(vii) Determine test statistic:
Enter value in decimal form rounded to nearest thousandth.
Answer ____________
(viii) Using tables, calculator, or spreadsheet: Determine and enter p-value corresponding to test statistic.
Enter value in decimal form rounded to nearest ten-thousandth.
Answer ____________
(ix) Comparing p-value and ? value, which is the correct decision to make for this hypothesis test?
A. Reject Ho
B. Fail to reject Ho
C. Accept Ho
D. Accept HA
Enter letter corresponding to correct answer.
Answer ____________
(x) Select the statement that most correctly interprets the result of this test:
A. The result is not statistically significant at .01 level of significance. Sufficient evidence exists to support the claim that the mean income of males is more than of females. .
B. The result is not statistically significant at .01 level of significance. There is not enough evidence to support the claim that the mean income of males is more than of females.
C. The result is statistically significant at .01 level of significance. Sufficient evidence exists to support the claim that the mean income of males is more than of females.
D. The result is statistically significant at .01 level of significance. There is not enough evidence to support the claim that the mean income of males is more than of females.
Enter letter corresponding to most correct answer
Answer ____________
In: Statistics and Probability
In 2005, the United States had a deficit of $318 billion and it has risen to $665 billion in 2017. To save this atrocious mess, the government must implement the known saying “to make money you have to earn money.”
According to Aaron, there is money being lost in the government because agencies aren’t big enough to catch the issues. Government needs to hire more people to catch the small issues such as tax evasion, in 2015 over $500 billion in taxes were not collected. But, in 2014 the IRS lost 20% of their funding. With the job cuts, there are not enough people to catch those who are evading their taxes and more money is lost with each job that is cut. The same occurrence is happening in many other agencies such as in Medicare and job disability. The oversite is causing the deficit to grow and is snowballing to more jobs lost in the government and more oversites that is a vicious cycle. The same can be said from my final paper, the lack of eyes on the issue is causing the issue to grow. Many people think to cut spending as the solution, but that only leads to short term gain and to make back the money the government has spent longer term issues need to be put in place.
The U.S. does not have to eliminate social care options like Medicare, instead they need to focus on making Medicare more profitable and not a loss of millions due to oversite the workers don’t have time to deal with. The “not my job” mentality needs to stop in the government and it is time to put in effect long term solutions to help the economy.
Instead, the online deficit program, only created short term promises. Instead of putting in the work each president cuts money for the places that really need it and hurts the U.S. as a result.
discussion board
In: Economics
For most of the 1800s, the United States did not recognize the copyrights of books written by foreign authors. As a result, many U.S. publishers printed “pirated”—unauthorized—editions of Charles Dickens and other British authors without paying them royalties. A history of book publishing noted, “[U.S.] publishers claimed that pirating [foreign] works allowed their prices to remain low, which in turn made the works more accessible to the public at large.” There were (eventually successful) attempts in Congress to recognize foreign copyrights in exchange for other countries recognizing U.S. copyrights. At the time, one U.S. publisher described these efforts as the “clamor of two hundred authors against the interests of fifty-five million people.” Do copyright laws benefit authors at the expense of readers? If so, why does the U.S. Constitution give Congress the right to enact copyright laws?
Source: J. P. Romney and Rebecca Romney, Printer’s Error: Irreverent Stories from Book History, New York: Harper, 2017, pp. 218, 227.
In: Economics
The life expectancy in the United States is 75 with a standard deviation of 7 years. A random sample of 49 individuals is selected. Round all probabilities to four decimal places.
a.What is the probability that the sample mean will be larger than 77 years?
b.What is the probability that the sample mean will be within 1 year of the population mean?
c.What is the probability that the sample mean will be within 2.5 years of the population mean?
In: Statistics and Probability
The life expectancy in the United States is 75 with a standard deviation of 7 years.
| a. | For a sample of 49, what is the probability that the sample mean will be within 1.4 years of the mean? |
| b. | For a sample of 49, what is the probability that the sample mean will be within 2 years of the mean? |
| c. | For a sample of 81, what is the probability that the sample mean will be within 1.4 years of the mean? |
| d. | For a sample of 81, what is the probability that the sample mean will be within 2 years of the mean? |
In: Statistics and Probability