
Refer to the graphs, in which the numbers in parentheses near the AD1, AD2, and AD3 labels indicate the level of investment spending associated with each curve. All figures are in billions. The economy is at point Y on the investment demand curve. Given these conditions, what policy should the Fed pursue to achieve a noninflationary, full-employment level of real GDP?
A) increase aggregate demand from AD3 to AD2.
B) decrease the money supply from $225 to $150 billion.
C) increase interest rates from 4 to 8 percent.
D) make no change in monetary policy.
In: Economics
Does it take more time for seeds to germinate if they are near rock music that is continuously playing compared to being near classical music? The 53 seeds that were exposed to rock music took an average of 20 days to germinate. The standard deviation was 13 days. The 45 seeds that were exposed to classical music took an average of 15 days to germinate. The standard deviation for these seeds was 7 days. What can be concluded at the α = 0.01 level of significance?
For this study, we should use
The null and alternative hypotheses would be: H 0 : (please enter a decimal) H 1 : (Please enter a decimal)
The test statistic = (please show your answer to 3 decimal places.)
The p-value = (Please show your answer to 4 decimal places.)
The p-value is α
Based on this, we should the null hypothesis.
Thus, the final conclusion is that ...
The results are statistically significant at α = 0.01, so there is sufficient evidence to conclude that the mean germination time for the 53 seeds exposed to rock music that were observed is more than the mean germination time for the 45 seeds that were exposed to classical music that were observed.
The results are statistically insignificant at α = 0.01, so there is statistically significant evidence to conclude that the population mean time for seeds exposed to rock music to germinate is equal to the population mean time for seeds exposed to classical music to germinate.
The results are statistically significant at α = 0.01, so there is sufficient evidence to conclude that the population mean time for seeds exposed to rock music to germinate is more than the population mean time for seeds exposed to classical music to germinate.
The results are statistically insignificant at α = 0.01, so there is insufficient evidence to conclude that the population mean time for seeds exposed to rock music to germinate is more than the population mean time for seeds exposed to classical music to germinate.
Interpret the p-value in the context of the study.
There is a 0.89% chance that the mean germination time for the 53 seeds exposed to rock music is at least 5 days more than the mean germination time for the 45 seeds exposed to classical music.
There is a 0.89% chance of a Type I error.
If the population mean time for seeds exposed to rock music to germinate is the same as the population mean time for seeds exposed to classical music to germinate and if another 53 seeds exposed to rock music and 45 seeds exposed to classical music are observed then there would be a 0.89% chance that the mean germination time for the 53 seeds exposed to rock music would be at least 5 days more than the mean germination time for the 45 seeds exposed to classical music.
If the sample mean germination time for the 53 seeds exposed to rock music is the same as the sample mean germination time for the 45 seeds exposed to classical music and if another 53 seeds exposed to rock music and 45 seeds exposed to classical music are observed then there would be a 0.89% chance of concluding that the mean germination time for the 53 seeds exposed to rock music is at least 5 days more than the mean germination time for the 45 seeds exposed to classical music
Interpret the level of significance in the context of the study.
If the population mean time for seeds exposed to rock music to germinate is the same as the population mean time for seeds exposed to classical music to germinate and if another 53 seeds exposed to rock music and 45 seeds exposed to classical music are observed then there would be a 1% chance that we would end up falsely concuding that the population mean time for seeds exposed to rock music to germinate is more than the population mean time for seeds exposed to classical music to germinate
There is a 1% chance that there is a difference in the population mean time for seeds exposed to rock vs. classical music to germinate.
If the population mean time for seeds exposed to rock music to germinate is the same as the population mean time for seeds exposed to classical music to germinate and if another 53 seeds exposed to rock music and 45 seeds exposed to classical music are observed, then there would be a 1% chance that we would end up falsely concuding that the sampe mean times to germinate for these 53 seeds exposed to rock music and 45 seeds exposed to classical music differ from each other.
There is a 1% chance that the seeds just don't like your taste in music, so please let someone else conduct the study.
In: Statistics and Probability
Harper Theater is located in Midtown Mall. The cashier’s booth is near the entrance to the theater. Two cashiers are employed. Once works from 1-5 p.m., the other from 5-9 P.M. Each cashier is bonded. The cashiers receive cash from customers and operate a machine that ejects serially numbered tickets. The rolls of tickets are inserted and locked into the machine by the theater manager at the beginning of each cashier’s shift.
After purchasing a ticket, the customer takes the ticket to an usher stationed at the entrance to the theater lobby some 60 feet from the cashier’s booth. The usher tears the ticket in half, admits the customer, and returns the ticket stub to the customer. The other half of the ticket is dropped into a locked box by the usher.
At the end of each cashier’s shift, the theater manager removes the ticket roll from the machine and makes a cash count. The cash count sheet is initialed by the cashier. At the end of the day, the manager deposits the receipts in total in a bank night deposit vault located in the mall. The manager also sends copies of the deposit slip and the initialed cash count sheets to the theater company treasurer for verification and to the company’s accounting department. Receipts from the first shift are stored in a safe located in the manager’s office.
1.) Identify the internal control procedures and their
application to the cash receipts transactions of the Harper
Theater. You will find the Internal Control Procedures on pages 433
through 435 of your textbook. For each Internal Control Procedure
described in your textbook, identify any Internal Control
Procedures that Harper Theater has in place and/or is missing. Be
specific and use at least 300 words for your answer.
Be specific and use at least 300 words for your answer.
2.) If the usher and cash decide to collaborate to misappropriate cash, what actions might they take? For each action, what internal control might be employed to stop the misappropriation of cash? Be specific and use at least 200 words for your answer.
3.) Use complete sentences and good grammar.
In: Accounting
Near the endpoint, the red color of the silver chromate forms, but then disappears, as you swirl. This is because the Ksp of silver chromate may be temporarily exceeded locally (where the silver nitrate is added), but as you swirl, the chloride ions still in solution convert the silver chromate into silver chloride. Write an equation for this process, (the process of converting the silver chromate into white silver chloride) and calculate the equilibrium constant of the reaction in terms of the solubility products of silver chloride and silver chromate.
Ksp = 1.6 x 10-10 for AgCl Ksp = 1.1 x 10-12 for Ag2CrO4
b. Assume the chromate concentration of indicator in the flask is 0.0050 M. What is the concentration of Cl- remaining in the flask when silver chromate first precipitates (that is, at the endpoint of the titration).
c. What percentage of the Cl- in the original unknown remains when the endpoint is reached? You should use your answer to question 2, and estimate the volume of solution in the flask.
In: Chemistry
Assuming the elastic solution for the stresses near a crack tip is valid in the case of small-scale yielding, determine rp(q) for Mode I and Mode II in plane stress and plane strain. Plot a nondimensional rp(q), ( rp/ rp(Irwin)) in the vicinity of the crack tip for several different values of Poisson's ratio.
In: Mechanical Engineering
Suppose you live on the Moon and your home is located near the centre of the face that we see from Earth.
i) How long would your "lunar day" be? By "lunar day" I mean from when the Sun is on your meridian - your local "lunar noon" - to the next "lunar noon".
ii) If the Moon is full (as seen from Earth), what phase would you see for the Earth (new earth, first-quarter earth, full earth, etc)? Would it be day or night on the Moon? Explain.
iii) When you see sunrise on the Moon, in what phase would the Moon be (as seen from the Earth)? In what phase would you see the Earth at this time?
iv) What would you see if you were on the Moon during a total lunar eclipse?
v) What would you see if you were on the Moon during a total solar eclipse?
vi) Suppose the distance from Earth to the Moon were twice its actual value. Would it still be possible to see a total solar eclipse from Earth? Why or why not?
In: Physics
Does it take less time for seeds to germinate if they are near rock music that is continuously playing compared to being near classical music? The 42 seeds that were exposed to rock music took an average of 28 days to germinate. The standard deviation was 14 days. The 53 seeds that were exposed to classical music took an average of 34 days to germinate. The standard deviation for these seeds was 12 days. What can be concluded at the αα = 0.05 level of significance?
For this study, we should use Select an answer t-test for the difference between two independent population means t-test for the difference between two dependent population means t-test for a population mean z-test for the difference between two population proportions z-test for a population proportion
The null and alternative hypotheses would be:
H0:H0: Select an answer μ1 p1 Select an answer = < ≠ > Select an answer p2 μ2 (please enter a decimal)
H1:H1: Select an answer p1 μ1 Select an answer > ≠ = < Select an answer p2 μ2 (Please enter a decimal)
The test statistic ? z t = (please show your answer to 3 decimal places.)
The p-value = (Please show your answer to 4 decimal places.)
The p-value is ? > ≤ αα
Based on this, we should Select an answer fail to reject reject accept the null hypothesis.
Thus, the final conclusion is that ...
The results are statistically insignificant at αα = 0.05, so there is insufficient evidence to conclude that the population mean time for seeds exposed to rock music to germinate is less than the population mean time for seeds exposed to classical music to germinate.
The results are statistically insignificant at αα = 0.05, so there is statistically significant evidence to conclude that the population mean time for seeds exposed to rock music to germinate is equal to the population mean time for seeds exposed to classical music to germinate.
The results are statistically significant at αα = 0.05, so there is sufficient evidence to conclude that the population mean time for seeds exposed to rock music to germinate is less than the population mean time for seeds exposed to classical music to germinate.
The results are statistically significant at αα = 0.05, so there is sufficient evidence to conclude that the mean germination time for the 42 seeds exposed to rock music that were observed is less than the mean germination time for the 53 seeds that were exposed to classical music that were observed.
Interpret the p-value in the context of the study.
There is a 1.5% chance that the mean germination time for the 42 seeds exposed to rock music is at least 6 days less than the mean germination time for the 53 seeds exposed to classical music.
There is a 1.5% chance of a Type I error.
If the population mean time for seeds exposed to rock music to germinate is the same as the population mean time for seeds exposed to classical music to germinate and if another 42 seeds exposed to rock music and 53 seeds exposed to classical music are observed then there would be a 1.5% chance that the mean germination time for the 42 seeds exposed to rock music would be at least 6 days less than the mean germination time for the 53 seeds exposed to classical music.
If the mean germination time for the 42 seeds exposed to rock music is the same as the sample mean germination time for the 53 seeds exposed to classical music and if another 42 seeds exposed to rock music and 53 seeds exposed to classical music are observed then there would be a 1.5% chance of concluding that the mean germination time for the 42 seeds exposed to rock music is at least 6 days less than the mean germination time for the 53 seeds exposed to classical music
Interpret the level of significance in the context of the study.
If the population mean time for seeds exposed to rock music to germinate is the same as the population mean time for seeds exposed to classical music to germinate and if another 42 seeds exposed to rock music and 53 seeds exposed to classical music are observed, then there would be a 5% chance that we would end up falsely concuding that the sampe mean times to germinate for these 42 seeds exposed to rock music and 53 seeds exposed to classical music differ from each other.
There is a 5% chance that there is a difference in the population mean time for seeds exposed to rock vs. classical music to germinate.
If the population mean time for seeds exposed to rock music to germinate is the same as the population mean time for seeds exposed to classical music to germinate and if another 42 seeds exposed to rock music and 53 seeds exposed to classical music are observed then there would be a 5% chance that we would end up falsely concuding that the population mean time for seeds exposed to rock music to germinate is less than the population mean time for seeds exposed to classical music to germinate
There is a 5% chance that the seeds just don't like your taste in music, so please let someone else conduct the study.
In: Statistics and Probability
A nuclear power plant is planned to be constructed near Sydney. The plant is required to have an installed capacity of 1200 MW and will be operated for 7500 hours per year. Consider providing 1200 MW of energy by two solar power plants; one in Sydney and the other in Canberra. It is required that a fixed solar module be mounted. Determine the following parameters if the overall efficiency of the module is given as 15%:
a) The peak power of the solar generator at
each site.
b) The total solar generator area for each
site.
c) The amount of land area required at each
site.
d) Discuss any technical, environmental,
operational and financial implications of using solar power modules
at the two sites.
In: Mechanical Engineering
The owner of Gino’s Pizza restaurant chain believes that if a restaurant is located near a college campus, then there is a linear relationship between sales and the size of the student population. Suppose data are collected from a sample of n = 10 Gino’s Pizza restaurants located near college campuses with the following reported sample statistics:
|
X= Population (1000s) |
Y = Sales ($1000s) |
|
|
Sample Mean |
14 |
130 |
|
Sample Standard Deviation |
7.944 |
41.806 |
|
Sample Variance |
63.111 |
1747.778 |
|
Sample Covariance |
315.556 |
|
We want to find the equation of the least-squares regression line predicting quarterly pizza sales (y) from student population (x).
|
Source of Variation |
SS |
df |
MS |
F |
|
Regression |
||||
|
Error |
||||
|
TOTAL |
In: Statistics and Probability
The owner of Gino’s Pizza restaurant chain believes that if a restaurant is located near a college campus, then there is a linear relationship between sales and the size of the student population. Suppose data are collected from a sample of n = 10 Gino’s Pizza restaurants located near college campuses with the following reported sample statistics:
|
X= Population (1000s) |
Y = Sales ($1000s) |
|
|
Sample Mean |
14 |
130 |
|
Sample Standard Deviation |
7.944 |
41.806 |
|
Sample Variance |
63.111 |
1747.778 |
|
Sample Covariance |
315.556 |
|
We want to find the equation of the least-squares regression line predicting quarterly pizza sales (y) from student population (x).
In: Statistics and Probability