10.The distribution of vehicles sales in the United States in the year 2000 was the following:
Type of car Small Midsize Large Luxury
% 32.8 44.8 9.4 3.0
A simple random sample of 500 vehicles sales was taken this year and the Distribution is as follow:
Type of car Small Midsize Large Luxury
% 133 249 47 71
At the 5% significant level, do the data provides sufficient evidence to conclude that the distribution of vehicle sales this year has changed from the 2000 distribution?
In: Statistics and Probability
Is the religious make-up of the United States Congress reflective of that in the general population? The following table shows the religious affiliation of the 535 members of the 114th Congress (2015-2017) along with the religious affiliation of a random sample of 1200 adult Americans. Perform a complete hypothesis test to answer the question. Explain everything!
| protestant | 306 | 616 |
| Catholic | 164 | 287 |
| Mormon | 16 | 20 |
| Orthodox Christian | 5 | 7 |
| Jewish | 28 | 20 |
| Buddhist/Muslim/Hindu/Other | 6 | 57 |
| Unaffiliated/dont know/Refused | 10 | 193 |
In: Statistics and Probability
It appears that over the past 50 years, the number of farms in the United States declined while the average size of farms increased. The following data provided by the U.S. Department of Agriculture show five-year interval data for U.S. farms. Use these data to develop the equation of a regression line to predict the average size of a farm (y) by the number of farms (x). Discuss the slope and y-intercept of the model.
| Year | Number of Farms (millions) | Average Size (acres) |
| 1960 | 5.67 | 209 |
| 1965 | 4.66 | 258 |
| 1970 | 3.99 | 302 |
| 1975 | 3.38 | 341 |
| 1980 | 2.92 | 370 |
| 1985 | 2.51 | 419 |
| 1990 | 2.45 | 427 |
| 1995 | 2.28 | 439 |
| 2000 | 2.16 | 457 |
| 2005 | 2.07 | 471 |
| 2010 | 2.18 | 437 |
| 2015 | 2.10 | 442 |
(Do not round the intermediate values. Round your
answers to 2 decimal places.)
y^= +( )x
In: Statistics and Probability
1.) You are living in the United States and are thinking of traveling to Germany 6 months from now. You can purchase an option to buy euros now at a fixed rate of $1.50 per euro 6 months from now. How is the option like an insurance policy?
3.) You buy stock worth $50. In one year, it pays a dividend of $5 and is worth $60 right after the dividend is paid. What are the dividend income component, price change component and the total return on the stock after one year?
4.) In your own words, what does it mean that common stockholders have a residual claim on the assets of the corporation?
In: Finance
per capita health spending in the united states
a) is comparable to that in most other industrialized nations
b) is the highest than that of all the other industrialized nations
c) is lower than that of most other industrialized natins
d) cannot be measured, too much fluctuation
The federal program known as aid to dependent children
a) was part of the 1935 social security act
b provided federal assistance directly to widows and their children
c) was the result of advocacy efforts by social workers
d) all of the above
In: Economics
18. The financial crisis of 2007 began in the United States with the subprime crisis, but this domestic crisis quickly spread beyond the US. Describe (don’t just list) the FOUR reasons presented for why this crisis became global, in other words the four reasons for the rapid international contagion of the subprime crisis.
In: Economics
In 2019, the united states is experiencing an unemployment rate that is below its natural ... Your question has been answered Let us know if you got a helpful answer. Rate this answer Question: 1. In 2019, the United States is experiencing an unemployment rate that is below its natural rate... 1. In 2019, the United States is experiencing an unemployment rate that is below its natural rate of unemployment. That is, its labor force is more than fully employed. However, the country is suffering from a rising fiscal deficit, a rising government debt/GDP ratio, and an expanding current account deficit. In addition, after years of quantitative easing in the wake of the 2008-09 financial crisis and economic recession, the Federal Reserve must now roll back its quantitative easing and shrink its balance sheet. Suppose macroeconomic policymakers want to achieve all the following goals:
a) Lower employment to full-employment level to prevent overheating of the economy
b) Reduce the fiscal deficit and rein in the growth in government debt
c) Shrink the Central Bank’s balance sheet
d) Reduce current account deficit
e) Maintain a stable US dollar to prevent imported inflation
Would there be any monetary, fiscal, and trade policy combination that would allow the policymakers to achieve all these above-mentioned objectives simultaneously in the short-run? If your policy proposals are adopted, explain what will happen to America’s real GDP, real interest rate, and net capital outflow
In: Economics
Assume that there are exactly two countries: The United States and Australia. Also assume that these countries’ economies are closed (i.e. they do not trade or otherwise interact with each other) with one notable exception: The U.S. exports plastic to Australia, and Australia exports iron ore to the U.S. For this question, I will abbreviate the currency of the U.S. as USD and that of Australia as AUD.
a.Suppose that the U.S. imports 100,000 tons of iron at a price of 60 AUD per ton and exports 100,000 tons of plastic at a price of 55 USD per ton. If the exchange rate is 1 AUD = 1 USD, what is the U.S. trade balance in USD?
b.Suppose that the exchange rate changes to 1.1 USD = 1 AUD, and that prices in local currencies remain constant. What is the new price of iron in USD? What is the new price of plastic in AUD?
c.Suppose that the businesses that have made the orders leading to these import and export quantities are all locked in – meaning they are contractually obligated to complete the trade. If the exchange rate changes as in part (b), what will be the trade balance of the United States in USD?
d.In the future, businesses will make different purchasing decisions. In reaction to this change in the exchange rate: What will happen to the quantity of iron demanded by the U.S? What will happen to the quantity of plastic demanded by Australia?
e.Compared to your answer in (c), what will happen to the trade balance of the U.S. under the new quantities described in (d)?f.Graph a curve that shows the general shape of what will happened to the trade balance over time. Your x-axis should be time, your y-axis should be $.
In: Finance
Briefly describe the history of antitrust policies in the United States. What are the advantages and disadvantages of highly concentrated industries? Does market power encourage or discourage innovation? Under what circumstances should the government use its antitrust authority to limit industry concentration and market power?
In: Economics
In: Economics