You take your family on a wonderful, relaxing vacation to the beach. About 15 minutes after you’ve settled into the perfect spot in the sand, your oldest child tells you he’s bored. To keep him busy you tell him to collect some shells, because you read online that the beach where you’re staying is known for having lots of different colors of shells wash up on the beach. A few days later he’s collected over 500 shells, and he tallies up how many of each color he has in the table below. You’re curious if his collection of shells has the same distribution of colors as the overall beach has, so you go online and find the distribution of shell color percentages you should expect to find at that particular beach, and add those to your data table. Perform a hypothesis test to determine if the color distribution of your son’s seashell collection is what you’d expect at that beach. Use α = 0.10.
Step 1) What type of hypothesis test is required here?
Step 2) Verify all assumptions required for this test.
Step 3) State the null and alternate hypotheses for this test using correct symbols and notation.
Step 4) Fill in the table of expected values below. Round each value to 2 decimal places.
|
White |
Red |
Black |
Orange |
Blue |
Other |
Total |
|
|
Expected # of Shells |
Run the correct test in MINITAB and provide the information below. Use correct symbols and round answers to 3 decimal places.
Test Statistic
Degrees of freedom
Critical Value
p-value
Step 5) State your statistical decision and justify it.
Step 6) Interpret your decision within the context of the problem: what is your conclusion?
|
White |
Red |
Black |
Orange |
Blue |
Other |
Total |
|
|
# of Shells |
309 |
46 |
73 |
45 |
31 |
8 |
|
|
Expected percentages |
57% |
12% |
14% |
8% |
6% |
3% |
100% |
In: Statistics and Probability
Use the AIU Library, magazine, newspaper, or the Internet to research and find a situation where data has been represented by a visual aid and where you believe the visual aid is being used in a manner that evokes emotion or in a manner that misrepresents these data. Note: Some graphics may not be copied and pasted into the DB thread correctly. Please insert your graphics into a Word document and attach the Word document to your DB post so your classmates are able to see your graphics. Discuss the following: Provide your choice of visual data representation displayed to demonstrate your thoughts. Explain in detail how you think the data are visually misrepresented or designed to evoke emotions that may cause someone to make an incorrect decision (and be sure to state which emotions). What types of visual data representations do you find most informative? What about the data representation influences your belief? What type of visual data representation do you think would best display percentage information? Why do you believe this? What type of visual data representation do you think would best represent a comparison of similar data from three different companies (e.g., net annual profit for last year)? Why do you believe this?
In: Accounting
Need a long and detail self explanatory analysis of:_
a) UAE's cultures of International Business.
b) What is the interesting about their culture & what you don't agree with their culture.
c) Also explain in detail the country's response to the COVID-19 virus with special emphasis on the Political, Social, and Economic (BUT MOST OF ALL CULTURAL) factors.
In: Operations Management
GDP is a key concept in Macroeconomics. a. What is the definition of GDP? b. Go to bea.gov and tell me the level of gdp for the past 4 years. c. Go to topic called Economic Growth and look at slide 3 and tell me if the falling trend line is a good or bad thing for the nation and why. Please be thorough! d. List and explain in detail, the 3 different approaches to calculating GDP. i. List and explain the approaches and how you would use each to calculate GDP. e. List and explain 4 types of transactions that would not be included in GDP and why they should be omitted. i. Look in the notes and find 4 types of transactions that are excluded from the computation of GDP and write them down along with the explanation of each and why they are not included. f. Thoroughly explain the 4 components of GDP and relate those components to the Circular Flow model with government and international trade. g. Nominal versus real GDP. i. Explain the difference between nominal and real GDP. Creative Commons Attribution 4.0 License, CC BY Charles Hackner Houston Community College unless otherwise noted. ii. Explain in detail, how to calculate real GDP, including the factors used in the calculation. 1. Look in the notes to find this – very straight forward. iii. Explain in detail the CPI since it is used to make the conversion. iv. Explain what you can do with real GDP that you cannot do with nominal GDP and explain why not. h. GDP and GDP per-capita. i. Explain the difference between GDP and Per Capita GDP; ii. Explain how to calculate Per Capita GDP, and how Per Capita GDP can be used. 2. Economic growth. Two key sources of economic growth have been due to increases in resources and increases in productivity. a. Please list 5 factors that might contribute to falling U.S. GDP growth rates and explain how they might lead to falling GDP growth rates. b. Explain in detail, what we could do to avoid each of those 5 factors causing our GDP growth rates to fall. c. Please list 5 factors that might contribute to rising U.S. GDP growth rates and explain how they might lead to rising U.S. GDP growth rates. d. Explain in detail, what we could do to cause each of the 5 factors to happen and cause our GDP growth rate to increase. 3. The Business Cycle and Built in stabilizers. a. What can the business cycle tell you about the status of our economy today and into the future (please provide detail)? Creative Commons Attribution 4.0 License, CC BY Charles Hackner Houston Community College unless otherwise noted. b. Given what you have learned about the U.S. Business cycle over the past 60 years, please explain 4 ways you can use that information to enhance your odds of achieving future personal success. Please do not talk about your financial portfolio or playing around with the stock market. c. Explain in some detail the 4 phases of the business cycle, Please don’t include Depression as one of them. including the characteristics of each. Be thorough! You should have at least 4 characteristics for each phase! Include in your discussion how each phase of the business cycle might impact your life and what you should do to minimize the damage to your future. d. Explain in detail, 4 possible causes of change in the direction of the business cycle. You are looking for things that are out of the control of the government. Do not talk about fiscal or monetary policy tools here. Don’t say inflation or recession! e. Built-in Stability 1. Explain the difference between discretionary and non-discretionary fiscal policy, 2. Explain the key relationships that supports the built-in stabilizer, the were provided in the slides and lecture. 3. Explain thoroughly how the built-in stabilizer works to reduce inflation 4. Explain thoroughly how the built-in stabilizer works to reduce recession 5. Explain why the presence of the built-instabilizer is important to managing the macro economy. Creative Commons Attribution 4.0 License, CC BY Charles Hackner Houston Community College unless otherwise noted. 4. Unemployment and Recession a. Explain in detail, how the unemployment rate is calculated. b. Explain in detail, how we define the employed, the unemployed, and who is in the labor force? i. The link BLS website should help - http://www.bls.gov/news.release/empsit.t15.htm c. List and explain (don’t just copy and paste) the various unemployment rates used by the BLS, and indicate which one of the 6 is the official unemployment rate. i. This link to the BLS website should help - http://www.bls.gov/news.release/empsit.t15.htm d. There has been a historic disparity between unemployment rates for Black, Hispanic, and White workers. i. Please provide detailed explanations of 4 reasons the Black and Hispanic unemployment rates are always significantly higher than the unemployment rate for Whites. ii. Explain in detail, 3 things that should be done to correct the problem. Be sure you explain how each recommendation would actually lead to solution of the problem. Please be very thorough with this. e. The 3 types of unemployment. i. List and explain the 3 types of unemployment that we discussed. Include the characteristics of each and the role of skills for each. ii. Explain how each type contributes to growing income and wealth inequality. 1. You would want to list and explain the 3 types. You will find everything on the 2 or 3 slides plus the audio provides additional insight. Creative Commons Attribution 4.0 License, CC BY Charles Hackner Houston Community College unless otherwise noted. f. List and explain thoroughly, 4 examples of significant economic costs of unemployment and what we might do to reduce those costs. g. Unemployment and how to use Fiscal Policy to address Recession. Background for this question: The US economy is currently experiencing recession according to the Federal Government. You can use only Fiscal Policy and the AD – AS model. i. List and explain the 3 Fiscal Policy tools covered in the slides that apply to fixing recession, and indicate the one that you want to use to attack the recession problem? 1. List the 3 choices and state specifically which one you will use. Please note that transfer payments would come under the heading of government spending! So don’t use it as one of your 3 tools of fiscal policy. ii. Explain why you selected this tool and not the others. Refer to your decision criteria. 1. Consider the pros and cons of each of the 3 tools and tell me why you picked the one you picked and why you did not pick the other option(s). iii. Explain how your tool would solve the recession problem and what effects your solution would have on at least five key economic variables. BE SPECIFIC! I WANT TO SEE THE DETAIL. USE THE WHAT HAPPENS NEXT APPROACH! 1. Explain how your choice of tools would work to solve the problem of recession. Start with the implementation of your tool and then list step by step what happens next, until you arrive at the appropriate impact on GDP. Be sure you provide the detailed step by step flow. 2. Using that approach allows the list the key economic variables and how each would be affected, to pop right out. Creative Commons Attribution 4.0 License, CC BY Charles Hackner Houston Community College unless otherwise noted. 5. Inflation a. What is inflation and how is it calculated? b. List and explain the two types of inflation c. Give two examples of who might be hurt by inflation and why. d. Give two examples of who might be helped by inflation and why. e. Inflation and how to use Fiscal Policy to address the problem of Inflation. Background for this question: Assume the US economy is currently experiencing high rates of inflation according to the Federal Reserve. Use only Fiscal Policy and the AD – AS model. i. List and explain the 3 Fiscal Policy tools covered in the slides and indicate which tool you will use to attack the inflation problem? 1. List the 3 possible choices and then just tell me which of the tools you would select. Just write it down. ii. Explain why you selected this particular tool and not the others. Refer to your decision criteria. 1. Consider the pros and cons of each of the 3 tools and tell me why you picked the one you picked and why you did not pick the other option(s). iii. Explain how your solution would work to solve the problem of inflation and what effects your solution would have on at least five key economic Variables? BE SPECIFIC! I NEED TO SEE THE DETAIL. USE THE WHAT HAPPENS NEXT APPROACH! Creative Commons Attribution 4.0 License, CC BY Charles Hackner Houston Community College unless otherwise noted. 1. Explain how your choice of tools would work to solve the problem of recession. Start with the implementation of your tool and then list step by step what happens next, until you arrive at the appropriate impact on GDP. Be sure you provide the detailed step by step flow. 2. Using that approach allows the list the key economic variables and how each would be affected, to pop right out. 6. The Aggregate Demand curve shows the level of real output that the economy will purchase at each price level. a. List and thoroughly explain the three reasons the Aggregate Demand curve is downward sloping. i. In your explanation, please start with an increase in prices and work through to a decrease in AD. b. List and explain in detail, the components of Aggregate Demand and explain each of their determinants i. You studied the 4 components. List and explain them and under each list and explain the determinants of each. c. Explain how the Aggregate Demand - Aggregate Supply Model differs from the Aggregate Expenditures model i. Put the two models side by side, look for the differences and explain them. 7. The basic macroeconomic relationships introduced a number of key concepts. a. Please explain the relationships between income, consumption, savings, and GDP. i. Define each ii. Explain the relationship between these items. b. Please explain the relationships between interest rates, expected rates of return, investment, and GDP. Be specific and be thorough. i. All of the necessary info is provided in the slides and audio lectures Creative Commons Attribution 4.0 License, CC BY Charles Hackner Houston Community College unless otherwise noted. c. Please explain the concept of the multiplier, including: 1. What information is required to calculate the spending multiplier a. Refer to the slides, the info is there. Look closely – don’t miss this! 2. List and explain the 3 different multipliers that we discussed. a. Again, refer to the slides, it’s all there. 3. Explain in detail how the multiplier works to impact GDP. Be specific! a. Use the chart from the slide set as the basis of your explanation. Start with the injection of money into the economy and then how that affects household income and then spending via the mpc. Go on to discuss the rounds of spending, etc. and how the ultimate impact on gdp is amplified by the multiplier effect. 8. The Aggregate Supply curve shows the level of real output that the business sector will produce at various possible price levels. a. Explain the Long Run Aggregate Supply curve and the assumptions that support its shape at full employment. i. List the assumptions, discuss the shape of the LR AS curve and why it takes that shape. b. Explain the Short Run Aggregate Supply curve and the assumptions that support its shape. i. List the assumptions, discuss the shape of the SR AS curve and why it takes that shape. Discuss the difference in the shape of the curve at levels below full employment GDP and what you see at levels above full employment GDP. 9. Fiscal policy can be called on to correct conditions of recession and inflation. Creative Commons Attribution 4.0 License, CC BY Charles Hackner Houston Community College unless otherwise noted. a. List and explain the 3 tools of Fiscal Policy that would be appropriate for addressing recession and explain in detail how each would ultimately impact aggregate demand and equilibrium GDP. Be specific! Please consider transfer payments as part of government spending, so don’t claim it is a tool. i. You would want to list and explain the 3 tools and how each (step by step) would affect AD and equilibrium gdp. b. List the 3 tools of Fiscal Policy that would be appropriate for addressing inflation and explain in detail how each would ultimately impact aggregate demand and equilibrium GDP. Be specific! i. You would want to list and explain the 3 tools and how each (step by step) would affect AD and equilibrium gdp. 10.We discussed four problems that complicate the application of fiscal policy. a. List and thoroughly explain these 4 problems, including how each would likely impact the overall effectiveness of fiscal policy. Be specific! Be thorough! i. You should list the 4 problems associated with Fiscal Policy that were listed in the slides and explain the factors associated with each. And as you address each problem, discuss how each would impact the effectiveness of fiscal policy.
In: Economics
1. Mathematically explain in Detail how Newton's cradles work. Be able to use your understanding of how Newton's cradles work to create a physics equation/formula that can be used in any situation.
In: Physics
A cell phone manufacturer claims that the batteries in its latest model provide 20 hours of continuous use. In order to verify this claim, and independent testing firm checks the battery life of 100 phones. They find that the batteries in these 100 phones last an average of 19 hours with a standard deviation of 5 hours. Conduct an appropriate hypothesis test to check whether the results from this sample provide sufficient evidence that the true mean battery life is significantly less than 20 hours.
f. State the decision about the null hypothesis as well as the conclusion from your hypothesis test in the context of the problem.
In: Math
Hypothesis test for M&Ms:
This section will work through constructing and interpreting a hypothesis test for
proportions. You can find the information for constructing a hypothesis test in
section 10.2. We will be using the p-value approach with a 5% significance level.
1. Treat your bag of M&M’s as a simple random sample. Choose your favorite
color of M&M’s you will be working with for this project. State the color
and give the counts below.
Color of choice: Green
The proportion of M&M's in your color: I had 12 green M&Ms in bag and total of M&Ms = 100... so 12/100?
The hypothesized proportion of M&M’s in your color:?
2. State the null and alternate hypothesis in both symbolic and sentence
form.
3. Use technology to find and state the p-value.
4. Based on your p-value and the significance given above, give the
conclusion of your hypothesis test.
In: Statistics and Probability
Discuss the meaning of “red flags” of fraud. Include at least 5 “red flags” and explain what each indicates and what actions should be taken by the organization. Include a biblical application to support your recommendation(s).
In: Accounting
The supplementary document/resource titled “SOX Act 101-Key Components”, references eight key implementation components of the SOX Act. Given what you know about why the Act was established in 2002, explain which of those eight sections you feel was most necessary in the effort to discourage fraudulent activities by organizations. Additionally, explain which is your favorite section.
In: Accounting
Testing a claim about a proportion: In a sample random poll of 514 human resource professionals, 236 said that body piercings and tattoos were big grooming red flags. Use a 0.01 significance level to test the claim that less than 50 % of all human resource professionals say that piercings are big grooming red flags.
Show all of your 6 steps labeled in the box below.
In: Statistics and Probability