(a) Please use the data below to answer the following questions about how an economy behaves over the long-run. Please show all formulae and calculations in your answer. Nominal money supply growth = 7% p.a. Real income growth = 2% p.a. Real interest rate = 2% Using the same data from part (a), explain what will happen to the value of the nominal exchange rate over the long-run. Assume that inflation in the rest of the world is 2% per annum. Please show all formulae and calculations in your answer.

Work-Energy Theorem:

1. Give an example of an explanation you devised to your friend or classmate to make him/her understand what you were talking about. What representations did you use (analogy, graph, equation etc.) when you were explaining to him/her? Do you think using more than one representation helps you explain better? If so, why do you think it helps?

2. For the same explanation above, please try to identify what assumptions you made. Why did you make the assumption/assumptions? In other words, what do you think are the functions of your assumption(s) when you devise your explanation?

PSY 235 Child Development: Pre-Lab Work Sheet                 

Name______________________________                                Class and Section _PSY 235 -___________

                                                                                                      Instructor’s Name ____________________

(TO BE COMPLETED IN CLASS)

Prior to coming to the lab: Define each of the following and give an example. You may use your book, but be sure to use your own words and use complete sentences. Be sure to bring this worksheet with you to the lab.

1. Theory of Mind:

1. Describe how you would know a child had developed a theory of mind.

2. Piaget’s Sensorimotor stage of development: (approximate ages: ___)

3. Piaget’s Preoperational stage of development: (approximate ages: ___)

4. Piaget’s Concrete Operational stage of development:  (approximate ages: ___)

5. Piaget’s Formal Operational stage of development: (approximate ages: ___)

6. Conservation

PSY 235 Adult Development: Pre-Lab Work Sheet                

Name______________________________                                Class and Section _PSY 235 -___________

                                                                                                      Instructor’s Name ____________________

(TO BE COMPLETED IN CLASS)

Prior to coming to the lab: Define each of the following stages of Erikson’s theory of psychosocial development. You may use your book, but be sure to use your own words and use complete sentences. Be sure to bring this worksheet with you to the lab.

1. Stage 6: Intimacy v. Isolation-Define- (approximate ages: _____)

1. Describe common priorities, questions, and challenges of someone in this stage of development.

2. Stage 7: Generativity v. Stagnation-Define- (approximate ages: _____)

1. Describe common priorities, questions, and challenges of someone in this stage of development.

3. Stage 8: Integrity v. Despair-Define- (approximate ages: _____)

1. Describe common priorities, questions, and challenges of someone in this stage of development.

PSY 235 Adult Development: Pre-Lab Work Sheet                

Name______________________________                                Class and Section _PSY 235 -___________

                                                                                                      Instructor’s Name ____________________

(TO BE COMPLETED IN CLASS)

Prior to coming to the lab: Define each of the following stages of Erikson’s theory of psychosocial development. You may use your book, but be sure to use your own words and use complete sentences. Be sure to bring this worksheet with you to the lab.

1. Stage 6: Intimacy v. Isolation-Define- (approximate ages: _____)

1. Describe common priorities, questions, and challenges of someone in this stage of development.

2. Stage 7: Generativity v. Stagnation-Define- (approximate ages: _____)

1. Describe common priorities, questions, and challenges of someone in this stage of development.

3. Stage 8: Integrity v. Despair-Define- (approximate ages: _____)

1. Describe common priorities, questions, and challenges of someone in this stage of development.

PSY 235 Adult Development: Pre-Lab Work Sheet                

Name______________________________                                Class and Section _PSY 235 -___________

                                                                                                      Instructor’s Name ____________________

(TO BE COMPLETED IN CLASS)

Prior to coming to the lab: Define each of the following stages of Erikson’s theory of psychosocial development. You may use your book, but be sure to use your own words and use complete sentences. Be sure to bring this worksheet with you to the lab.

1. Stage 6: Intimacy v. Isolation-Define- (approximate ages: _____)

1. Describe common priorities, questions, and challenges of someone in this stage of development.

2. Stage 7: Generativity v. Stagnation-Define- (approximate ages: _____)

1. Describe common priorities, questions, and challenges of someone in this stage of development.

3. Stage 8: Integrity v. Despair-Define- (approximate ages: _____)

1. Describe common priorities, questions, and challenges of someone in this stage of development.

In your own words and in detail list and describe the benefits of budgeting in a business. Also list and describe in detail the components of a Master Budget.

M&M'S MILK CHOCOLATE: 24% cyan blue, 20% orange, 16% green, 14% bright yellow, 13% red, 13% brown.

Each large production batch is blended to those ratios and mixed thoroughly. However, since the individual packages are filled by weight on high-speed equipment, and not by count, it is possible to have an unusual color distribution.

Part 1: Confidence Interval for Small n

Milk Chocolate M&M’s come in 6 colors; blue, orange, green, yellow, red, and brown.

Choose the color of M&M’s you will be working with for this project

Using the collected data below from a single fun-sized bag, provide the frequency and proportion of M&M’s in your color of choice.

Number of M&M's in your color:

Total number of M&M's:

Proportion of M&M's in your color:

Construct a 95% confidence interval for the proportion of M&M’s one can expect to find in the color of your choice.

Check the requirements for constructing a confidence interval for the proportion are satisfied. Show your work.

The conditions might not be satisfied, depending on how many candies were in your bag. If the conditions are not met, what could you do?

Part 2: Confidence Interval for Larger n

Now, use the data collected below from a collection of fun-sized bags to provide the frequency and proportion of M&M’s in your original color of choice.

Number of M&M's in your color:

Total number of M&M's:

Proportion of M&M's in your color:

Construct a 95% confidence interval for the proportion of M&M’s one can expect to find in the color of your choice.

Write an interpretation of your confidence interval specific to your color.

Check the requirements for constructing a confidence interval for the proportion are satisfied. Show your work.

Part 3: Answer Some Questions

How would are confidence intervals affected by sample size?

How does the margin of error for the confidence interval in Part 1 compare to the margin of error for your confidence interval in Part 2? (compute both and compare)

Does the confidence interval you constructed in Part 2 contain the claimed proportion given by Mars Inc?

Do you believe the claims given by Mars Inc?

1. A joint account involves an account owned and operated by two or more individuals other than a partnership or trust. As a banker, how will you handle the following exercises relating to joint accounts?
(a) Explain in detail the two incidents of Joint Accounts – Right of survivorship and Joint Liability – to Mr. & Mrs. Dacosta Aboagye who have requested to open a joint account with your bank.
(b) List and explain 6 clauses that can be found in a joint account mandate form.

A)Let S = {1,2,3,...,18,19,20} be the universal set.

Let sets A and B be subsets of S, where:

Set A={3,4,9,10,11,13,18}A={3,4,9,10,11,13,18}

Set B={1,2,4,6,7,10,11,12,15,16,18}B={1,2,4,6,7,10,11,12,15,16,18}

LIST the elements in Set A and Set B: {  }

LIST the elements in Set A or Set B: {  }

B)A ball is drawn randomly from a jar that contains 4 red balls, 5 white balls, and 9 yellow balls. Find the probability of the given event. Write your answers as reduced fractions or whole numbers.

(a) PP(A red ball is drawn) =    

(b) PP(The ball drawn is NOT red) =    

(c) PP(A green ball is drawn) =  

C)

As part of a statistics project, a teacher brings a bag of marbles containing 700 white marbles and 400 red marbles. She tells the students the bag contains 1100 total marbles, and asks her students to determine how many red marbles are in the bag without counting them.

A student randomly draws 100 marbles from the bag. Of the 100 marbles, 41 are red.

The data collection method can best be described as?

• Census
• Survey or Sample
• Controlled study
• Clinical study

The target population consists of?

• The 1100 marbles in the bag
• The 41 red marbles drawn by the student
• The 100 marbles drawn by the student
• The 400 red marbles in the bag
• None of the above

The sample consists of?

• The 41 red marbles drawn by the student
• The 1100 marbles in the bag
• The 100 marbles drawn by the student
• The 400 red marbles in the bag
• None of the above

Use the following regression data for parts A-D: In-state and out-of-state tuition was recorded for a sample of public colleges in the U.S., and a regression was performed which gave the following output:

The regression equation is:   Out-of-State = 4226 + 1.79 In-State

Predictor        Coef     SE Coef          T        P

Constant         4226        3686       1.15    0.281

In-State       1.7903      0.5256       3.41    0.008

S = 3034        R-Sq = 56.3%     R-Sq(adj) = 51.5%

A) What is the response variable for this regression?

a) in-state tuition

b) out-of-state tuition

B) From the output, determine the value of r, the correlation coefficient:

a)   3034

b) 56.3%

c) 75%

C) Use the line of regression to predict the cost of out-of-state tuition for a college that charges $15,000 for in-state tuition.

            a) $31,076

            b) $19,226

            c) $4,226

D) Interpret the slope of this regression line, in context:

            a) When in-state tuition is $0, out-of-state tuition is predicted to be $4,226.

            b) When out-of-state tuition is $0, in-state tuition is predicted to be $4,226.

c) For every increase of $1 in out-of-state tuition, in-state tuition is predicted to go up by $1.79.

d) For every increase of $1 of in-state tuition, out-of-state tuition is predicted to go up by $1.79.