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The next three questions (7 to 9) refer to the following:

We would like to determine how the weight of a car can be used to predict its fuel efficiency. The weight (in pounds) and the fuel efficiency (in miles per gallon) are recorded for a sample of ten cars. The least squares regression line is calculated to be ŷ =51.47−0.0089x{"version":"1.1","math":"\hat{y} = 51.47 - 0.0089x"}. It is also determined that 58.5% of the variation in a car's fuel efficiency can be accounted for by its regression on the car's weight.

Question 7 (1 point)

Question 7 options:

The value of the correlation between weight and fuel efficiency for this sample of cars is:

(Round your answer to 2 decimal places. Ignore the spell check icon.)

Question 8 (1 point)

Which of the following is the correct interpretation of the slope of the least-squares regression line?

Question 8 options:

Question 9 (1 point)

One car in the sample weighs 4,000 pounds and has a fuel efficiency of 20 miles per gallon. What is the value of the residual for this car?

Report your answer to 2 decimal places.

Your Answer:

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Scores of a Canadian judge (X) and an American judge (Y) are recorded at an international gymnastics competition for a sample of gymnasts. The correlation between X and Y is calculated to be r = 0.9. What is the correct interpretation of this correlation?Question 10 (1 point)

Question 10 options:

Please explain how to do 1a and b throughly, thank you!

1A) A psychologist specializing in marriage counseling claims that, among all married couples, the proportion p for whom her communication program can prevent divorce is at least 76%. In a random sample of 225 married couples who completed her program, 164 of them stayed together. Based on this sample, can we reject the psychologist's claim at the 0.01 level of significance?Perform a one-tailed test. Then fill in the table below.

Carry your intermediate computations to at least three decimal places and round your answers as specified in the table.

1B) Citrus Rental is a popular car rental agency that has a history of having too few cars available, so that its available cars are overdriven. The mean monthly mileage over the years for Citrus cars has been about 1600 miles per month. Recently, though, Citrus purchased thousands of new cars, and the company claims that the average mileage of its cars is now less than in the past. To test this, a random sample of 12 recent mileages of Citrus cars was taken. The mean of these 12 mileages was 1565 miles per month, and the standard deviation was 210 miles per month. Assume that the population of recent monthly mileages of Citrus cars is normally distributed. At the 0.1 level of significance, can it be concluded that the mean recent monthly mileage, μ, of Citrus cars is less than 1600 miles per month?

Perform a one-tailed test. Then fill in the table below.

Carry your intermediate computations to at least three decimal places and round your answers as specified in the table.

1. Develop a module named temperatures.py with the following functions.

• Function toCelsius is passed a Fahrenheit temperature and returns the Celsius equivalent. 1 degree Fahrenheit = 5/9 * (Fahreheit-32) degrees Celsius.
• Function toFahrenheit is passed a Celsius temperature and returns the Fahrenheit equivalent. 1 degree Celsius = 1.8*Celsisus + 32 degrees Fahrenheit.
• Function toKPH is passed a speed in miles per hour and returns the kilometers per hour equivalent. 1 kph = mph * 1.609344
• Function toMPH is passed a speed in kilometers per hour and returns the miles per hour equivalent. 1 mph = kph * 0.62137119
• Function windchillF is passed the temperature in Fahrenheit (T) and the wind speed in miles per hour (V) and returns the wind chill in Fahrenheit.

WC = 35.74+ 0.6215T−35.75V^0.16 +0.4275∗T∗V^0.16

• Function windchillC is passed the temperature in Celsius (T) and the wind speed in kilometers per hour (V) and returns the wind chill in Celsius.

WC = 13.12+ 0.6215T−11.37V^0.16 +0.3965∗T∗V^0.16

2. Develop an application in which the user enters lower and upper bounds on temperature in Fahrenheit and lower and upper bounds on wind speed in miles per hour. Two charts are produced. The first chart lists wind chills in Fahrenheit for all combinations of temperature in Fahrenheit and wind speed in miles per hour. The second chart lists wind chills in Celsius for all combinations of equivalent temperatures in Celsius and wind speeds in kilometers per hour.

Required Code Structures:

• The main function should be listed in def main ( ) function. The main function gets data from the user and calls the display function twice, once to produce the first chart in Fahrenheit and again to produce the second chart in Celsius.

• A display function is written which is passed code ("F" for Fahrenheit or "C" for Celsius) along with the low and high bounds for temperature in correct units and low and high bounds for wind speed in correct units. This code uses a nested for loop to display a neat chart with field widths (see sample output for design to match). The temperatures increase by 5 each pass and the wind speeds increase by 2. Hint: Use the int function as necessary to convert float values to int values in the for loops.

• Add your name and a program description as comments at the top of code.
• All variables must have meaningful names using convention of lower case and a comment.
• All constants must have meaningful names using convention of upper case and a comment.
• All functions must have a comment describing purpose or return value

Flaming Foliage Sky Tours is a small sightseeing tour company in New Hampshire. The firm specializes in aerial tours of the New England countryside during September and October, when the fall color is at its peak. Until recently, the company had not had an accounting department. Routine bookkeeping tasks, such as billing, had been handled by an individual who had little formal training in accounting. As the business began to grow, however, the owner recognized the need for more formal accounting procedures. Jacqueline Frost has recently been hired as the new controller, and she will have the authority to hire an assistant.

During her first week on the job, Frost was given the following performance report. The report was prepared by Red Leif, the company’s manager of aircraft operations, who was planning to present it to the owner the next morning. “Look at these favorable variances for fuel and so forth,” Leif pointed out, as he showed the report to Frost. “My operations people are really doing a great job.” Later that day, Frost looked at the performance report more carefully. She immediately realized that it was improperly prepared and would be misleading to the company’s owner.

Required:
1. Prepare a columnar flexible budget for Flaming Foliage Sky Tours’ expenses, using air miles as the cost driver at the following activity levels: 38,000 air miles, 40,000 air miles, and 43,000 air miles.
2. In spite of several favorable expense variances shown on the report above, the company’s September operating income was only about two-thirds of the expected level. Identify some of the possible reasons.
4. Prepare a revised expense variance report for September, which is based on the flexible budget prepared in part (1).
5. Jacqueline Frost presented the revised expense report to Leif along with the memo explaining why the original performance report was misleading. Leif did not take it well. He complained of Frost’s “interference” and pointed out that the company had been doing just fine without her. “I’m taking my report to the owner tomorrow,” Leif insisted. “Yours just makes us look bad.” What are Frost’s ethical obligations in this matter?

On January 1, Year 1, Friedman Company purchased a truck that cost $52,000. The truck had an expected useful life of 200,000 miles over 8 years and an $9,000 salvage value. During Year 2, Friedman drove the truck 27,000 miles. Friedman uses the units-of-production method. What is depreciation expense in Year 2? (Do not round intermediate calculations.): rev: 11_10_2018_QC_CS-147760

Multiple Choice

$5,805

$7,020

$5,375

$6,500

17)Dinkins Company purchased a truck that cost $72,000. The company expected to drive the truck 100,000 miles over its 5-year useful life, and the truck had an estimated salvage value of $11,000. If the truck is driven 32,000 miles in the current accounting period, what would be the amount of depreciation expense for the year? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.)

• $19,520

• $23,040

• $12,200

• $28,800

  On January 1, Year 1, the City Taxi Company purchased a new taxi cab for $39,000. The cab has an expected salvage value of $4,000. The company estimates that the cab will be driven 200,000 miles over its life. It uses the units-of-production method to determine depreciation expense. The cab was driven 48,000 miles the first year and 51,000 the second year. What is the amount of depreciation expense reported on the Year 2 income statement and the book value of the taxi at the end of Year 2, respectively? (Do not round intermediate calculations.)

• $9,945 and $19,695

• $9,945 and $15,695

• $8,925 and $21,675

• $8,925 and $17,675

On April 1, Year 1, Fossil Energy Company purchased an oil producing well at a cash cost of $8,370,000. It is estimated that the oil well contains 720,000 barrels of oil, of which only 620,000 can be profitably extracted. By December 31, Year 1, 31,000 barrels of oil were produced and sold. What is depletion expense for Year 1 on this well? (Do not round intermediate calculations.):

• $418,500

• $558,000

• $139,500

• $360,375

Glick Company purchased oil rights on July 1, Year 1 for $2,800,000. A total of 200,000 barrels of oil are expected to be extracted over the assets life, and 50,000 barrels are extracted and sold in Year 1. Which of the following correctly summarizes the effect of the Year 1 depletion expense on the elements of the financial statements? (Do not round intermediate calculations.):

• A decrease in stockholders’ equity of $200,000.

• A decrease in assets of $500,000.

• A decrease in assets of $700,000.

• An increase in stockholders’ equity of $740,000.

The balance sheet of Flo's Restaurant showed total assets of $480,000, liabilities of $152,000 and stockholders’ equity of $378,000. An appraiser estimated the fair value of the restaurant assets at $565,000. If Alice Company pays $745,000 cash for the restaurant, what is the amount of goodwill?

• $180,000

• $265,000

• $367,000

• $332,000

On January 1, Year 1, Stiller Company paid $192,000 to obtain a patent. Stiller expected to use the patent for 5 years before it became technologically obsolete. The remaining legal life of the patent was 8 years. Based on this information, what is the amount of amortization expense during Year 3 and the book value of the patent as of December 31, Year 3, respectively?

• $24,000 and $72,000

• $38,400 and $76,800

• $24,000 and $120,000

• $38,400 and $115,200

Make-or-Buy Decision for a Service Company

The Theater Arts Guild of Dallas (TAG-D) employs five people in its Publication Department. These people lay out pages for pamphlets, brochures, magazines, and other publications for the TAG-D productions. The pages are delivered to an outside company for printing. The company is considering an outside publication service for the layout work. The outside service is quoting a price of $13 per layout page. The budget for the Publication Department for the current year is as follows:

The department expects to lay out 24,000 pages for the current year. The Publication Department office space and equipment would be used for future administrative needs, if the department's function were purchased from the outside.

a. Prepare a differential analysis dated February 22 to determine whether TAG-D should lay out pages internally (Alternative 1) or purchase layout services from the outside (Alternative 2). If an amount is zero, enter "0".

b. The benefit from using an outside service is shown to be _____ than performing the layout work internally. The fixed costs (depreciation expenses) in the budget are _____ to the decision. Thus, the work should ______ purchased from the outside on a strictly financial basis.

c. Before electing to _____ the five employees, the TAG-D should consider the ____ of the decision.

Make-or-Buy Decision for a Service Company

The Theater Arts Guild of Dallas (TAG-D) employs five people in its Publication Department. These people lay out pages for pamphlets, brochures, magazines, and other publications for the TAG-D productions. The pages are delivered to an outside company for printing. The company is considering an outside publication service for the layout work. The outside service quoting a price of $15 per layout page. The budget for the Publication Department for the current year is as follows:

Salaries $247,500
Benefits 56,300
Supplies 30,000
Office expenses 37,500
Office depreciation 33,800
Computer depreciation 22,500
Total $427,600

The department expects to lay out 25,000 pages for the current year. The Publication Department office space and equipment would be used for future administrative needs, if the department’s function were purchased from the outside.

a. Prepare a differential analysis dated February 22 to determine whether TAG-D should lay out pages internally (Alternative 1) or purchase layout services from the outside (Alternative 2). If an amount is zero, enter "0". For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Differential Analysis
Lay out Pages Internally (Alt. 1) or Purchase Lay out Services (Alt. 2)
February 22
Lay out Pages Internally (Alternative 1) Purchase Lay out Services (Alternative 2) Differential Effect on Income (Alternative 2)
Selling Price $0 $0 $0
Costs:
Purchase price of lay out work $ $ $
Salaries
Benefits
Supplies
Office expenses
Office depreciation
Computer depreciation
Income (loss) $ $ $

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b. The benefit from using an outside service is shown to be less  than performing the lay out work internally. The fixed costs (depreciation expenses) in the budget are irrelevant  to the decision. Thus, the work should not be  purchased from the outside on a strictly financial basis.

c. Before electing to lay off  the five employees, the guild should consider the long-run impact  of the decision.

Make-or-Buy Decision for a Service Company

The Theater Arts Guild of Dallas (TAG-D) employs five people in its Publication Department. These people lay out pages for pamphlets, brochures, magazines, and other publications for the TAG-D productions. The pages are delivered to an outside company for printing. The company is considering an outside publication service for the layout work. The outside service is quoting a price of $13 per layout page. The budget for the Publication Department for the current year is as follows:

The department expects to lay out 18,000 pages for the current year. The Publication Department office space and equipment would be used for future administrative needs, if the department's function were purchased from the outside.

a. Prepare a differential analysis dated February 22 to determine whether TAG-D should layout pages internally (Alternative 1) or purchase layout services from the outside (Alternative 2). If an amount is zero, enter "0". For those boxes in which you must enter subtracted or negative numbers use a minus sign.

b. The benefit from using an outside service is shown to be   than performing the layout work internally. The fixed costs (depreciation expenses) in the budget are   to the decision. Thus, the work should   purchased from the outside on a strictly financial basis.

c. Before electing to   the five employees, the Guild should consider the   of the decision.

Make-or-Buy Decision for a Service Company

The Theater Arts Guild of Dallas (TAG-D) employs five people in its Publication Department. These people lay out pages for pamphlets, brochures, magazines, and other publications for the TAG-D productions. The pages are delivered to an outside company for printing. The company is considering an outside publication service for the layout work. The outside service is quoting a price of $14 per layout page. The budget for the Publication Department for the current year is as follows:

The department expects to lay out 26,000 pages for the current year. The Publication Department office space and equipment would be used for future administrative needs, if the department's function were purchased from the outside.

a. Prepare a differential analysis dated February 22 to determine whether TAG-D should layout pages internally (Alternative 1) or purchase layout services from the outside (Alternative 2). If an amount is zero, enter "0". For those boxes in which you must enter subtracted or negative numbers use a minus sign.

b. The benefit from using an outside service is shown to be than performing the layout work internally. The fixed costs (depreciation expenses) in the budget are to the decision. Thus, the work should purchased from the outside on a strictly financial basis.

c. Before electing to the five employees, the Guild should consider the of the decision.

Make-or-Buy Decision for a Service Company

The Theater Arts Guild of Dallas (TAG-D) employs five people in its Publication Department. These people lay out pages for pamphlets, brochures, magazines, and other publications for the TAG-D productions. The pages are delivered to an outside company for printing. The company is considering an outside publication service for the layout work. The outside service quoting a price of $21 per layout page. The budget for the Publication Department for the current year is as follows:

The department expects to lay out 19,000 pages for the current year. The Publication Department office space and equipment would be used for future administrative needs, if the department’s function were purchased from the outside.

a. Prepare a differential analysis dated February 22 to determine whether TAG-D should lay out pages internally (Alternative 1) or purchase layout services from the outside (Alternative 2). If an amount is zero, enter zero "0". For those boxes in which you must enter subtracted or negative numbers use a minus sign.