The dataset HomesForSale has data on houses available for sale in three Mid-Atlantic states (NY, NJ, and PA). Table 1 shows the mean and standard deviation from the three Mid-Atlantic states, in thousands of dollars. Use this table, the knowledge that within the US the average house sells for about 265 thousand dollars1, and a 5% significance level to answer the following questions.

Table 1 Mean housing prices for New York, New Jersey, and Pennsylvania


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1According to the US Census in April 2011.

(a) Test whether the average cost of a house in New York is significantly greater than the US average.

Give the test statistic and the p-value.

Round your answer for the test statistic to two decimal places and your answer for the p-value to three decimal places.

test statistic = Enter your answer in accordance to item (a) of the question statement

p-value = Enter your answer in accordance to item (a) of the question statement

Is the average cost of a house in New York significantly greater than the US average?

Choose the answer from the menu in accordance to item (a) of the question statementChoose the answer from the menu in accordance to item (a) of the question statement  YesNo

(b) Test whether the average cost of a house in New Jersey is significantly greater than the US average.

Give the test statistic and the p-value.

Round your answer for the test statistic to two decimal places and your answer for the p-value to three decimal places.

test statistic = Enter your answer in accordance to item (b) of the question statement

p-value = Enter your answer in accordance to item (b) of the question statement

Is the average cost of a house in New Jersey significantly greater than the US average?

Choose the answer from the menu in accordance to item (b) of the question statementChoose the answer from the menu in accordance to item (b) of the question statement  YesNo

(c) Test whether the average cost of a house in Pennsylvania is significantly greater than the US average.

Give the test statistic and the p-value.

Round your answer for the test statistic to two decimal places and your answer for the p-value to three decimal places.

test statistic = Enter your answer in accordance to item (c) of the question statement

p-value = Enter your answer in accordance to item (c) of the question statement

Is the average cost of a house in Pennsylvania significantly greater than the US average?

Choose the answer from the menu in accordance to item (c) of the question statementChoose the answer from the menu in accordance to item (c) of the question statement  YesNo

(d) Which state shows the most evidence that the state average is greater than the US average?

New York

New Jersey

Pennsylvania

Briefly define anchoring and herding, differentiate them from each other and describe how they would be applied for an individual investor.

Compare and contrast the costs and benefits of the Affordable Care Act. What are the highlights of the act from both the individual and group markets?

Rita is a self-employed taxpayer who turns 39 years old at the end of the year (2018). In 2018, her net Schedule C income was $288,000. This was her only source of income. This year, Rita is considering setting up a retirement plan.

What is the maximum amount Rita may contribute to the self-employed plan in each of the following situations?  

a. She sets up a SEP IRA.  

b. She sets up an individual 401(k).

A higher population density, faster transmission rate, and longer infectious period each cause a disease like influenza to spread to more people. Which of the following statements correctly explain why?

Check all that apply:

A) At high densities, infected individuals encounter more individuals who are also infected.

B) At high transmission rates, an infected-susceptible encounter is more likely to result in an infection.

C)With long recovery, an infected individual is contagious longer and can infect more susceptibles.

Rita is a self-employed taxpayer who turns 39 years old at the end of the year (2018). In 2018, her net Schedule C income was $282,000. This was her only source of income. This year, Rita is considering setting up a retirement plan. What is the maximum amount Rita may contribute to the self-employed plan in each of the following situations?

a. She sets up a SEP IRA.  

b. She sets up an individual 401(k).

1. In order to attract customers, Lau's Books Co. is considering offering a lottery to anyone who visits the bookstore. The 2 lotteries under consideration are:

Lottery A) one with a cash prize of $300 and a 10% probability of winning

Lottery B) one with a cash prize of $400 and a 5% probability of winning.

Which lottery is more attractive to a risk-averse individual? Explain in detail with the aid of a diagram. Which lottery is more attractive to a risk-lover? Explain in detail with the aid of a diagram.

Coordination of internal and external auditing can reduce the overall costs. Who is responsible for
actual coordination of internal and external auditing efforts?

Group of answer choices

a. Board.

b. Chief audit executive.

c. Management.

d. External auditor.

A chief audit executive’s performance report should:

Group of answer choices

a.List uncorrected reported conditions.

b.List the material engagement observations of major engagements.

c.Report the weekly activities of the individual internal auditors.

d.Compare engagements completed with engagements planned.

RCW 69.51A Medical Cannabis defines health conditions which qualify patients for a Medical Marijuana card for the lawful use, possession, and manufacture of cannabis products. This law also protects health care professionals who authorize cannabis to their patients from criminal charges as long as the practitioner practices along the guidelines of legislation. RCW 69.51A.005 states that “Humanitarian compassion necessitates that the decision to use marijuana by patients with terminal or debilitating medical conditions is a personal, individual decision, based upon their health care professional's professional medical judgment and discretion.” Working on an oncology floor, we have some patients who use cannabis products to help with their condition. However, my director announced during the huddle that staff cannot administer THC-containing products because it is a federally controlled substance and we are a federally-funded hospital. On the other hand, we can administer CBD products (such as a salve) because it is non-psychoactive. Only the patient or their family can administer THC products. The patient’s provider needs to be aware of and give approval for the patient to use cannabinoids as part of their treatment plan. When caring for patients who self-medicate with cannabis, nurses are still required to assess the patient and educate them on the effects of cannabis consumption--as protocol with any medication or medical procedure.

please write a response for the passages

1. Who are winners of a move to free trades? A) Consumers of exported goods B) Producers of exported goods C) Producers of imported goods D) None of the above answers

2. The short-run shutdown condition occurs for a firm in the short-run when A) Price per unit good is equal to average variable cost per unit good B) Price per unit good is greater than average variable cost per unit good C) Price per unit good is less than average variable cost per unit good D) Price is greater than total cost.

3. Which of the following problems describes the ‘Decision Pitfalls' of a rational individual in economy? A) Ignoring implicit costs B) Failing to think at the margin C) Measuring costs or benefits proportionally D) All the above answers

4. Which of the following explanations is true? A) Higher inflation reduces the real value of money held by the public, reducing wealth and spending B) Inflation redistributes resources from less affluent people, who spend a high percentage of their disposable income, to more affluent people, who spend a smaller percentage of disposable income C) Higher inflation creates uncertainty in planning for households and firms, reducing their spending. D) All the above answers