A sociologist is interested in the relation between x = number of job changes and y = annual salary (in thousands of dollars) for people living in the Nashville area. A random sample of 10 people employed in Nashville provided the following information.
| x (number of job changes) | 6 | 4 | 5 | 6 | 1 | 5 | 9 | 10 | 10 | 3 |
| y (Salary in $1000) | 36 | 32 | 35 | 32 | 32 | 38 | 43 | 37 | 40 | 33 |
Σx = 59; Σy = 358; Σx2 = 429; Σy2 = 12,944; Σxy = 2,189
(a) Find x, y, b, and the equation of the least-squares line. (Round your answers for x and y to two decimal places. Round your least-squares estimates to three decimal places.)
| x | = | |||||
| y | = | |||||
| b | = | |||||
|
+ x (c) Find the sample correlation coefficient r and the coefficient of determination. (Round your answers to three decimal places.)
What percentage of variation in y is explained by the least-squares model? (Round your answer to one decimal place.) % (d) If someone had x = 3 job changes, what does the least-squares line predict for y, the annual salary? (Round your answer to two decimal places.) thousand dollars |
In: Statistics and Probability
Explain how the osmolarity of the filtrate changes (be quantitative) as it moves through the sections of the nephron becoming urine
In: Biology
Prior to a set of compensation policy changes at a company 31% of the employees surveyed said that they liked their job very much, 49% said that they liked their job moderately, and the remaining employees said that they were dissatisfied with their job. Now, in a survey of 193 employees, 78 said they liked their job very much, 107 said that they liked their job moderately, and the remaining employees said that they were dissatisfied with their job. When testing (at the 5% level of significance) whether the proportions have changed, what is the test statistic? (please round your answer to 3 decimal places)
Prior to a set of compensation policy changes at a company 29% of the employees surveyed said that they liked their job very much, 52% said that they liked their job moderately, and the remaining employees said that they were dissatisfied with their job. Now, in a survey of 208 employees, 75 said they liked their job very much, 110 said that they liked their job moderately, and the remaining employees said that they were dissatisfied with their job. When testing (at the 10% level of significance) whether the proportions have changed, what is the critical value? (please round your answer to 3 decimal places)
In: Statistics and Probability
In: Finance
Classical economists belief that prices and quantities adjust to the changes in the forces of supply and demand and that the economy produces its potential output in the long run. On the contrary, Keynesian economists believe because of price and wage rigidities the economy’s equilibrium output in the long run may be less than its potential output. What is wage-price rigidity? Do you agree with Keynes assessment that wage-price rigidity requires government’s involvement in the markets? Why? Why not?
minimum of 250 words
In: Economics
One of the largest changes in the economy over the past several decades is that
technological advances have reduced the cost of making computers.
5a) Draw a supply-and-demand diagram to show what happened to price, quantity,
consumer surplus, and producer surplus in the market for computers.
5b) Forty years ago, students used typewriters to prepare papers for their classes; today
they use computers. Does that make computers and typewriters complements or
substitutes? Use a supply-and-demand diagram to show what happened to price,
quantity, consumer surplus, and producer surplus in the market for typewriters.
Should typewriter producers have been happy or sad about the technological advance
in computers?
5c) Are computers and software complements or substitutes? Draw a supply-and-demand
diagram to show what happened to price, quantity, consumer surplus, and producer
surplus in the market for software. Should software producers have been happy or sad
about the technological advance in computers?
5d) Does this analysis help explain why software producer Bill Gates is one of the
world’s richest people?
In: Economics
1. Having reviewed the various changes that apply to individual taxpayers as a result of the 2017 Tax Cut & Jobs Act, throughout the semester, I feel that that the most significant aspect that will affect the average individual taxpayer positively is ______________. Please post your thoughts on this topic, support your opinion with the specific change in the law and why you feel this particular issue will have the broadest economic effect.
2. Having reviewed the various changes that apply to individual taxpayers as a result of the 2017 Tax Cut & Jobs Act, throughout the semester, I feel that the most significant aspect that will affect the average individual taxpayer negatively is ______________. Please post your thoughts on this topic, support your opinion with the specific change in the law and why you feel this particular issue will have the broadest economic effect.
In: Accounting
The supply of financial services is undergoing change brought on by changes in the external environment. List and briefly describe three external factors that are changing and the impact they are having on the supply of financial services.
In: Finance
QUESTION 1: True or False
A) Changes in the stock price and the number of shares available will evoke changes in the “market cap.”
True
False
B) After an IPO, the value of a company’s securities is set by the market through the laws of supply and demand
True
False
C) An example of direct financing is when a company raises funds from commercial banks, insurance companies, pension funds, and venture capital firms.
True
False
D) The concept of “currency for acquisition” refers the shares of a company being used to acquire other companies.
True
False
E) Remaining private can reduce the legal and regulatory requirements for a company.
True
False
In: Finance
Over the long-term (years), the physical changes to the heart and the reflexes may not be able to compensate for the aortic valve stenosis and the left ventricular cardiac output will decrease. This will lead to the accumulation of blood in the pulmonary circuit and in the system circuit veins. Describe what you predict would happen at the pulmonary capillaries and capillaries in the lower extremities in the systemic circuit. (Be sure to include all of the relevant variables for the capillaries and which ones are changed in this situation).
In: Anatomy and Physiology