Address the education system in America. In the United States, the post-secondary system is the premier in the world, but the K-12 system leaves much to be desired.
List two issues within the K-12 system that can be improved that will lead to a more efficient primary and secondary school system. Also, list one issue that you feel needs to be remedied in the college/university system as well.
In: Psychology
During June, Bravo Magazine sold for cash six advertising spaces for $400 each to be run in the July through December issues. On that date, Bravo properly recognized Unearned Revenue. The adjusting entry to record on July 31 includes:
a. a debit to unearned revenue of $400
b. a debit to cash for $2000
c. credit to revevue for $2000
d. credit to unearned revenue for $400
On January 1, 20X1, Bravo Company borrowed $24,000 to purchase equipment. The loan is to be repaid plus interest of 10% per year, on December 31, 20X2. Prepared the general journal adjusting entry (without explanation) needed for December 31, 20X1.
In: Accounting
A particular magazine identified the top accounting firms in 15 geographic regions across a certain country. Even though all 15 regions reported growth in the past year, region A and region B reported the highest combined growths, with 23 % and 19%, respectively. A characteristic description of the accounting firms in these regions included the number of partners in the firm. The accompanying table contains data on the number of partners.
Number of partners data
|
Region |
Number of Partners |
||
|---|---|---|---|
|
A |
123123 |
||
|
A |
5959 |
||
|
A |
4444 |
||
|
A |
4444 |
||
|
A |
4040 |
||
|
A |
1010 |
||
|
A |
4444 |
||
|
A |
5454 |
||
|
A |
4545 |
||
|
A |
2020 |
||
|
A |
1313 |
||
|
A |
2020 |
||
|
A |
3030 |
||
|
B |
7878 |
||
|
B |
6060 |
||
|
B |
1717 |
||
|
B |
3030 |
||
|
B |
3636 |
||
|
B |
1010 |
||
|
B |
2323 |
||
|
B |
2727 |
||
|
B |
1010 |
||
|
B |
66 |
||
|
B |
1414 |
||
|
B |
88 |
||
|
B |
88 |
||
|
B |
1111 |
||
|
B |
1515 |
||
a) What is the F stat test statistic?
b) What is the critical value?
c) What is the P - Value?
In: Statistics and Probability
A particular magazine identified the top accounting firms in 15 geographic regions across a certain country. Even though all 15 regions reported growth in the past year, region A and region B reported the highest combined growths, with 23 % and 19%, respectively. A characteristic description of the accounting firms in these regions included the number of partners in the firm. The accompanying table contains data on the number of partners.
Number of partners data
|
Region |
Number of Partners |
||
|---|---|---|---|
|
A |
123123 |
||
|
A |
5959 |
||
|
A |
4444 |
||
|
A |
4444 |
||
|
A |
4040 |
||
|
A |
1010 |
||
|
A |
4444 |
||
|
A |
5454 |
||
|
A |
4545 |
||
|
A |
2020 |
||
|
A |
1313 |
||
|
A |
2020 |
||
|
A |
3030 |
||
|
B |
7878 |
||
|
B |
6060 |
||
|
B |
1717 |
||
|
B |
3030 |
||
|
B |
3636 |
||
|
B |
1010 |
||
|
B |
2323 |
||
|
B |
2727 |
||
|
B |
1010 |
||
|
B |
66 |
||
|
B |
1414 |
||
|
B |
88 |
||
|
B |
88 |
||
|
B |
1111 |
||
|
B |
1515 |
||
a) What is the F stat test statistic?
b) What is the critical value?
c) What is the P - Value?
In: Statistics and Probability
|
Families USA, a monthly magazine that discusses issues related to health and health costs, surveyed 20 of its subscribers. It found that the annual health insurance premiums for a family with coverage through an employer averaged $10,385. The standard deviation of the sample was $1,087. |
| (a) |
Based on this sample information, develop a 95% confidence interval for the population mean yearly premium. (Round up your answers to the next whole number.) |
| Confidence interval for the population mean yearly premium is between $ and $ . |
| (b) |
How large a sample is needed to find the population mean within $235 at 99% confidence? (Round up your answer to the next whole number.) |
| Sample size |
In: Statistics and Probability
|
Families USA, a monthly magazine that discusses issues related to health and health costs, surveyed 20 of its subscribers. It found that the annual health insurance premiums for a family with coverage through an employer averaged $10,385. The standard deviation of the sample was $1,087. |
| (a) |
Based on this sample information, develop a 95% confidence interval for the population mean yearly premium. (Round up your answers to the next whole number.) |
| Confidence interval for the population mean yearly premium is between $ and $ . |
| (b) |
How large a sample is needed to find the population mean within $235 at 99% confidence? (Round up your answer to the next whole number.) |
| Sample size |
In: Statistics and Probability
A magazine includes a report on the energy costs per year for 32-inch liquid crystal display (LCD) televisions. The article states that 14 14 randomly selected 32-inch LCD televisions have a sample standard deviation of $ 3.28 3.28. Assume the sample is taken from a normally distributed population. Construct 99 99% confidence intervals for (a) the population variance sigma σ squared 2 and (b) the population standard deviation sigma σ. Interpret the results. (a) The confidence interval for the population variance is ( nothing , nothing ). (Round to two decimal places as needed.) Interpret the results. Select the correct choice below and fill in the answer box(es) to complete your choice. (Round to two decimal places as needed.) A. With 99 99% confidence, you can say that the population variance is between nothing and nothing . B. With 1 1% confidence, you can say that the population variance is between nothing and nothing . C. With 99 99% confidence, you can say that the population variance is greater greater than nothing . D. With 1 1% confidence, you can say that the population variance is less less than nothing . (b) The confidence interval for the population standard deviation is ( nothing , nothing ). (Round to two decimal places as needed.) Interpret the results. Select the correct choice below and fill in the answer box(es) to complete your choice. (Round to two decimal places as needed.) A. With 99 99% confidence, you can say that the population standard deviation is between nothing and nothing dollars per year. B. With 1 1% confidence, you can say that the population standard deviation is greater greater than nothing dollars per year. C. With 99 99% confidence, you can say that the population standard deviation is less less than nothing dollars per year. D. With 1 1% confidence, you can say that the population standard deviation is between nothing and nothing dollars per year.
In: Statistics and Probability
A magazine subscriber study asked, "In the past 12 months, when traveling for business, what type of airline ticket did you purchase most often?" A second question asked if the type of airline ticket purchased most often was for domestic or international travel. Sample data obtained are shown in the following table.
| Type of Ticket | Type of Flight | |
|---|---|---|
| Domestic | International | |
| First class | 31 | 24 |
| Business class | 93 | 119 |
| Economy class | 518 | 135 |
A) Using a 0.05 level of significance, is the type of ticket purchased independent of the type of flight?
-State the null and alternative hypotheses.
-Find the value of the test statistic
-Find the p-value.
b) Discuss any dependence that exists between the type of ticket and type of flight.
In: Statistics and Probability
Families USA, a monthly magazine that discusses issues related to health and health costs, surveyed 20 of its subscribers. It found that the annual health insurance premiums for a family with coverage through an employer averaged $10,950. The standard deviation of the sample was $920. (Use t Distribution Table.)
Based on this sample information, develop a 90% confidence interval for the population mean yearly premium. (Round your answers to the nearest whole dollar amount.)
Answer: $10,594 to $11,306
How large a sample is needed to find the population mean within $230 at 98% confidence? (Round up your answer to the next whole number.) (I don't have the answer to this one and the one I through was right is wrong)
In: Statistics and Probability
Resorts & Spas, a magazine devoted to upscale vacations and accommodations, published its Reader's Choice List of the top 20 independent beachfront boutique hotels in the world. The data shown are the scores received by these hotels based on the results from Resorts & Spas' annual Readers' Choice Survey. Each score represents the percentage of respondents who rated a hotel as excellent or very good on one of three criteria (comfort, amenities, and in-house dining). An overall score was also reported and used to rank the hotels. The highest ranked hotel, the Muri Beach Odyssey, has an overall score of 94.3, the highest component of which is 97.7 for in-house dining. If required, round your answer to three decimal places.
| Hotel | Overall | Comfort | Amenities | In-House Dining | |||
| Muri Beach Odyssey | 94.3 | 94.5 | 90.8 | 97.7 | |||
| Pattaya Resort | 92.9 | 96.6 | 84.1 | 96.6 | |||
| Sojourner's Respite | 92.8 | 99.9 | 100.0 | 88.4 | |||
| Spa Carribe | 91.2 | 88.5 | 94.7 | 97.0 | |||
| Penang Resort and Spa | 90.4 | 95.0 | 87.8 | 91.1 | |||
| Mokihana Hōkele | 90.2 | 92.4 | 82.0 | 98.7 | |||
| Theo's of Cape Town | 90.1 | 95.9 | 86.2 | 91.9 | |||
| Cap d'Agde Resort | 89.8 | 92.5 | 92.5 | 88.8 | |||
| Spirit of Mykonos | 89.3 | 94.6 | 85.8 | 90.7 | |||
| Turismo del Mar | 89.1 | 90.5 | 83.2 | 90.4 | |||
| Hotel Iguana | 89.1 | 90.8 | 81.9 | 88.5 | |||
| Sidi Abdel Rahman Palace | 89.0 | 93.0 | 93.0 | 89.6 | |||
| Sainte-Maxime Quarters | 88.6 | 92.5 | 78.2 | 91.2 | |||
| Rotorua Inn | 87.1 | 93.0 | 91.6 | 73.5 | |||
| Club Lapu-Lapu | 87.1 | 90.9 | 74.9 | 89.6 | |||
| Terracina Retreat | 86.5 | 94.3 | 78.0 | 91.5 | |||
| Hacienda Punta Barco | 86.1 | 95.4 | 77.3 | 90.8 | |||
| Rendezvous Kolocep | 86.0 | 94.8 | 76.4 | 91.4 | |||
| Cabo de Gata Vista | 86.0 | 92.0 | 72.2 | 89.2 | |||
| Sanya Deluxe | 85.1 | 93.4 | 77.3 | 91.8 | |||
1.Use the t test to determine the significance of each independent variable. What is the conclusion for each test at the 0.01 level of significance? If your answer is zero, enter “0”.
The p-value associated with the estimated regression parameter b1 is ___ (not 0)
2. Remove all independent variables that are not significant at the 0.01 level of significance from the estimated regression equation. What is your recommended estimated regression equation? Enter a coefficient of zero for any independent variable you chose to remove.
y hat = 45.1461 +() x1 +() x2 + ()x3
In: Statistics and Probability