Need 5 and 6.
The working age population of Shepherdlandia is 2000.
The number of employed persons in Shepherdlandia is 1050.
The total labor force in Shepherdlandia is 1140.
1. How many people are unemployed? (1 point) _____________ (2
decimal places)
2. What is the unemployment rate? (2 points) ____________ (2
decimal places)
3. What is the labor force participation rate? (2 points)
______________ (2 decimal places)
4. Bob worked for pay last week for a total of 10 hours. He is
looking for full-time employment, so he is only
employed 25%. Is Bob counted as employed, unemployed or neither as
calculated by the U.S. BLS? (3 points)
5. Due to a recession 10 people, who had been counted as unemployed
in the above table, has decided to not
work for the next 9 months while he attends classes at SJR State
College. What is the new unemployment rate
in Shepherdlandia that results from their decision? (4
points)
(3 decimal places)
6. In Shepherdlandia (after the 10 people in #5 made their choice),
the BLS decides to count the 20 citizens that
are serving in the armed forces on active duty in the working age
population. Now, what is the
unemployment rate? (4 points) (3 decimal places)
In: Economics
In 2000 Firestone tires had a major problem on their hands, several of their tires were exploding while being driven, causing serious injuries and death to its customers. In fact on May 2, 2000 the National Highway Traffic Safety Administration opeed an investigation into Firestone tires based on reports of tread separation on some of its tires. At that point, the agency had received 90 complaints, including reports of 33 crashes resulting in 27 injuries and four deaths. Answer the following based on your independent research on the Firestone case:
a. What type of tort claim would an injured or deceased party pursue against Firestone?
b. What is the goal of tort law and how does it apply to the Firestone case?
c. Think back to the Ford Pinto case, how is the Firestone incident similar; and how did Firestone confront the issue once it was discovered?
d. If you worked for Firestone what defenses would you claim?
In: Finance
In a survey of 2000 adults 50 years and older of whom 60% were
retired and 40% were pre-retired, the following question was asked:
Do you expect your income needs to vary from year to year in
retirement? Of those who were retired, 45% answered no, and 55%
answered yes. Of those who were pre-retired, 38% answered no, and
62% answered yes. If a respondent in the survey was selected at
random and had answered yes to the question, what is the
probability that he or she was retired? (Round your answer to three
decimal places).
In: Statistics and Probability
A scuba tank has a volume of 2000 cm3 . For very deep dives, the tank is filled with 50% (by volume) pure oxygen and 50% pure helium.
a.) How many molecules are there of each type in the tank if it is filled at 25 ∘C to a gauge pressure of 19 atm ?
Express your answers using two significant figures. Enter your answers numerically separated by a comma.
b.) What is the ratio of the average kinetic energies of the two types of molecule?
c.) What is the ratio of the rms speeds of the two types of molecule?
In: Physics
Assume that the market demand function is: Q(D) = 2000 - 5P And the market supply function is: Q(S) = 100 + 5P Assume that the government passes legislation that sets the maximum price to $100 a unit. Which of the following statements are correct (multiple statements may be correct)?
1.) At a legally mandated price of $100 a unit, quantity demanded is equal to 1050 and quantity supplied is equal to 1050, therefore the legally mandated price has no impact on the market.
2.) At a legally mandated price of $100 a unit, quantity demanded is equal to 1500 and the quantity supplied is equal to 600, therefore the shortage is equal to 900 units.
3.) At a legally mandated price of $100 a unit, quantity demanded is equal to 600 while quantity supplied is equal to 1500, therefore there is a surplus in the market of 900 units, not a shortage.
4.) At a legally mandated price of $100 a unit, quantity demanded rises from 1050 units to 1500 units and quantity supplied falls from 1050 units to 600 units, resulting in a shortage of 900 units.
In: Economics
In reference to the year 2000 national census, the distribution of United States households according to type of living arrangement is given in the table below. An SRS of 500 households gives the observed frequencies, by household type, for the city of Aurora, Illinois.
Ethnic Origin Census Percent Observed frequency from sample
Married, with children 25% 95
Married, with no children 20% 110
Single parent 5% 35
Single individual 15% 65
One person 20% 120
Other (roommate, etc.) 15% 75
Using a significance level of 0.05, test the claim that the Aurora distribution fits the distribution obtained by the census personnel.
In: Statistics and Probability
In a dual-combustion cycle, the maximum temperature is 2000 ?C and the maximum pressure is 70 bar. Calculate the cycle efficiency and the mean effective pressure when the pressure and temperature at the start of compression are 1 bar and 17 ?C, respectively. The compression ratio is 18/1.
ANSWERS(63.7%; 10.54 bar)
In: Mechanical Engineering
The demand function for buying some plants is p(q) = 2 − q 2000 . The cost function for producing q plants is C(q) = 1000 + 0.2q.
(a) Find the marginal profit function.
(b) Find where the marginal profit function is equal to 0.
(c) Show that we get a local maximum at the value found in part (b).
In: Math
A 2 by 4 wood beam (E = 2000 ksi) with an allowable flexural stress of 1200 psi is subjected to bending around it's strong axis. Determine the % increase in flexural moment capacity if the beam is reinforced by 2 0.25" steel (E = 30000 ksi) plates with an allowable flexural stress of 24000 psi at the top and the bottom of the beam respectively.
In: Civil Engineering
Suppose that in a community of 2000 people 10 people hear a rumor initially and 100 have heard it 1 day later. a)find a formula for the number of people who have heard the rumor t days after it began b) find the number of people who have heard the rumor 10 days after it began c) determine how long it will take for 500 people to hear the rumor (exponential growth)
In: Math