With the emergence of social media over the last decade, do you think it's easier to start a small business today than it was 10, or 20 years ago?
Explain in detail your reasons.
In: Economics
3. Compare the price and quantity outcomes delivered by monopolistically competitive and perfectly competitive industries. State and explain the implications for society about efficiency.
In: Economics
In a study of the physiological stress resulting from operating
hand-held chain saws,
experimenters measured the kickback that occurs when a saw is used
to cut a 3-inch thick
synthetic fiber board. The variable of interest was the angle (in
degrees) to which the saw
is deflected when it begins to cut the board. Below are summary of
the angles of deflection
recorded for 5 random saws from each of 4 manufacture’s
models.
Chain Saw Model
A
B
C
D
?1 = 165 ?2 =
215 ?3 = 245
?4 = 155
?1 = 5 ?2 =
5
?3 =
5
?4 = 5
ΣΣ ?^2 ??= 33,120
(a) Write an ANOVA model for the study above, and state the
underlying assumptions.
(b) Formulate the null and the alternative hypotheses.
(c) Construct an ANOVA table.
(d) State the value of the test statistic, and the critical value
for a 5% level of
significance. Would you reject ?0 or fail to reject ?0 at 5% level
of significance?
(e) What do you conclude about the mean kickbacks for the 4 types
of saws?
(f) What percentage of the variability in kickbacks is is
attributable to the ANOVA
model?
(g) Use Tukey’s procedure to identify the significant differences
in the mean kickbacks
for the 4 types of saws, and state your conclusion.
(h) Use the least conservative LSD procedure to identify the
differences in the mean
kickbacks for the 4 types of saws, and state your conclusion.
(i) The models A and D are lightweight chain saws for home use and
that B and C are
heavy-duty industrial types. The investigator might want to
determine if the
kickback from the home type is the same as the kickback from the
industrial type.
Hence the contrast of interest is 0.5 ?? − 0.5 ?? − 0.5 ?? + 0.5 ??
. Test the
contrast using the Scheffe’s test for general contrasts, and write
your conclusion.
Be sure to state the null and the alternative hypotheses.
In: Statistics and Probability
A sample of 12 of bags of Calbie Chips were weighed (to the nearest gram), and listed here as follows.
219, 226, 217, 224, 223, 216, 221, 228, 215, 229, 225, 229 Find a 95% confidence interval for the mean mass of bags of Calbie Chips.
Find a 95% confidence interval for the mean mass of bags of Calbie Chips
(b) Professor GeniusAtCalculus has two lecture sections (A and B) of the same 4th year Advanced Calculus (AMA 4301) course in Semester 2. She wants to investigate whether section A students maybe ”smarter” than section B students by comparing their perfor- mances in the midterm test. A random sample of 12 students were taken from section A, with mean midterm test score of 78.8 and standard deviation 8.5; and a random sample of 9 students were taken from section B, with mean midterm test score of 86 and standard deviation 9.3. Assume the population standard deviations of midterm test scores for both sections are the same. Construct the 90% confidence interval for the difference in midterm test scores of the two sections. Based on the sample midterm test scores from the two sections, can Professor GeniusAtCalculus conclude that there is any evidence that one section of students are ”smarter” than the other section? Justify your conclusions.
[8 marks]
(c) The COVID-19 (coronavirus) mortality rate of a country is defined as the ratio of the number of deaths due to COVID-19 divided by the number of (confirmed) cases of COVID-19 in that country. Suppose we want to investigate if there is any difference between the COVID-19 mortality rate in the US and the UK. On April 18, 2020, out of a sample of 671,493 cases of COVID-19 in the US, there was 33,288 deaths; and out of a sample of 109,754 cases of COVID-19 in the UK, there was 14,606 deaths. What is the 92% confidence interval in the true difference in the mortality rates between the two countries? What can you conclude about the difference in the mortality rates between the US and the UK? Justify your conclusions.
fidence interval for the mean mass of bags of Calbie Chips. [9 marks] (b) Professor GeniusAtCalculus has two lecture sections (A and B) of the same 4th year Advanced Calculus (AMA 4301) course in Semester 2. She wants to investigate whether section A students maybe ”smarter” than section B students by comparing their perfor- mances in the midterm test. A random sample of 12 students were taken from section A, with mean midterm test score of 78.8 and standard deviation 8.5; and a random sample of 9 students were taken from section B, with mean midterm test score of 86 and standard deviation 9.3. Assume the population standard deviations of midterm test scores for both sections are the same. Construct the 90% confidence interval for the difference in midterm test scores of the two sections. Based on the sample midterm test scores from the two sections, can Professor GeniusAtCalculus conclude that there is any evidence that one section of students are ”smarter” than the other section? Justify your conclusions. [8 marks] (c) The COVID-19 (coronavirus) mortality rate of a country is defined as the ratio of the number of deaths due to COVID-19 divided by the number of (confirmed) cases of COVID-19 in that country. Suppose we want to investigate if there is any difference between the COVID-19 mortality rate in the US and the UK. On April 18, 2020, out of a sample of 671,493 cases of COVID-19 in the US, there was 33,288 deaths; and out of a sample of 109,754 cases of COVID-19 in the UK, there was 14,606 deaths. What is the 92% confidence interval in the true difference in the mortality rates between the two countries? What can you conclude about the difference in the mortality rates between the US and the UK? Justify your conclusions.
In: Statistics and Probability
Multiple of Sales: 1.2x
Multiple of Net Income: 8x
Multiple of Book Value: 0.7x
b. If you know that your company has future investment opportunities that are far more profitable than the company above, what does that say about your company’s likely valuation from section (a)?
In: Finance
Select one local government in your state or area and review the financial statements and audit report for the county or municipality. The financial statements of the government you selected should have at least three funds. Refer to the Continuing Problem homework for Weeks 1 through 3 for this assignment.
Write a three- to five-page paper in which you do the following:
In: Accounting
A hospital reported that the normal death rate for patients with extensive burns (more than 40% of skin area) has been significantly reduced by the use of new fluid plasma compresses. Before the new treatment, the mortality rate for extensive burn patients was about 60%. Using the new compresses, the hospital found that only 43 of 92 patients with extensive burns died. Use a 1% level of significance to test the claim that the mortality rate has dropped.
What is the level of significance?
State the null and alternate hypotheses.
What sampling distribution will you use? What assumptions are you making?
What is the value of the sample test statistic? (Round your answer to two decimal places.)
Find (or estimate) the P-value.
Sketch the sampling distribution and show the area corresponding to
the P-value.
Based on your answers in parts (a) to (c), will you reject or fail to reject the null hypothesis? Are the data statistically significant at level α?
Interpret your conclusion in the context of the application.
In: Statistics and Probability
What is marketing channel strategy? What is its importance? How does strategy in marketing channels link each other? Please explain in more detail.
In: Economics
You represent a large U.S. mail-order clothing firm that is interested in lightweight cotton shirts of good quality made at a highly competitive price. You are sent to investigate possible suppliers in various parts of the world. From an ethical point of view, what considerations should be taken into account? When it comes to negotiating terms, what are some of the ethical constraints you should keep in mind? Please explain your answers in great detail, and provide examples to support your response.
In: Operations Management
please discuss the following in detail and share sources
1. What are the main objectives of a risk management plan, and why is it so important to implement one.
2. What are some of the key elements a risk management plan should include to ensure its success? Why?
3. What key role does compliance play for any industry? Why do you believe is important?
4. Please explain your understanding of organizational policies for compliance.
5. Explain the purpose of charting and reporting findings, and why this is a critical step in risk management.
In: Computer Science