1. President Roosevelt believed that the loss of the NRA would be temporary as pressure would be exerted by ____ for a newer version.
a. businessmen
b. bureaucrats
c. politicians
d. voters
e. foreign tourists
2. The tax bill of 1935 is generally referred to as the:
a. “soak the rich” tax increase.
b. “soak the monopolies” tax increase.
c. “soak the speculator” tax increase.
d. “lesser burden on the middle class” tax decrease.
e. “lesser burden on the poor” tax decrease.
3. What changes did the Fed make in 1936 and 1937 that caused/contributed
to the depression of 1937?
a. They engaged in the open market sale of bonds.
b. They engaged in the open market purchase of bonds.
c. They raised the required reserve ratio on banks.
d. Both A and C of the above.
e. Both B and C of the above.
4. FDR’s acceptance speech for his party’s nomination to run for a second terms has been characterized as:
a. an attack on socialism.
b. an endorsement of socialism.
c. an endorsement of communism.
d. an endorsement of free enterprise.
e. an attack on free enterprise.
5. According to Smiley, which of the following is true about U.S. economic performance during World War II?
a. Unemployment fell and leveled off at about 5%.
b. Measured inflation was low, in part because of price controls and rationing.
c. The money supply grew by about 1% per year, keeping inflation low.
d. While the official data shows that consumption fell, Smiley calls that “suspect” and argues that in fact it rose significantly.
e. All of the above.
6. What does Smiley argue about World War II that helped the U.S. become prosperous in the 1940s?
a. More women entered, and stayed, in the labor force.
b. Military spending helped spur technological change.
c. Americans shifted from being pessimistic about the future to being optimistic.
d. The war helped promote increased world trade.
e. All of the above.
7. Which of the following does Smiley argue was not an outgrowth of the Great Depression?
a. The rise in the welfare state.
b. The growth in the regulatory state.
c. Increased federalism.
d. An end to the gold standard.
e. Increased power to individual states rather than the federal government.
In: Economics
Please show work/explain on each question:
1.According to a recent census, 15% of the people in the United States are of Hispanic origin. One county supervisor believes her county has a lower proportion of Hispanic people than the nation as a whole. She looks at their most recent survey data, which was a random sample of 485 county residents, and found that 43 of those surveyed are of Hispanic origin. Calculate the test statistic Z.
Group of answer choices
3.64
-4.56
-3.78
-3.01
2.
According to a recent census, 14% of the people in the United States are of Hispanic origin. One county supervisor believes her county has a different proportion of Hispanic people than the nation as a whole. She looks at their most recent survey data, which was a random sample of 460 county residents, and found that 42 of those surveyed are of Hispanic origin. Test statistic Z is found to be -3.01. Use α = 0.01. State the conclusion.
Group of answer choices
Do not Reject Ho, There is not sufficient evidence that the Hispanic population in this county differs from that of the nation as a whole.
Reject Ho. There is not sufficient evidence that the Hispanic population in this county differs from that of the nation as a whole.
Reject Ho.There is evidence that the Hispanic population in this county differs from that of the nation as a whole.
Do not Reject Ho. There is evidence that the Hispanic population in this county differs from that of the nation as a whole.
3.
If Test statistic Z is found to be 1.01 and HA: p > 0.09, what is P-value?
Group of answer choices
0.0000
0.1562
0.0131
0.0035
4.
In 1960, census results indicated that the age at which men in a certain region first married had a mean of 24.2 years. We want to find out if the mean age of first marriage has decreased from 24.2 years since then (µ < 24.2) . The 40 men in our sample first married at an average age of 23.2 years, with a sample standard deviation s of 5.4 years. The test statistic t is -1.171. Then, P-value is __________________.
Group of answer choices
P(t = -1.171)
P(t<-1.171)
P(t > 1.171)x2
P(t ≠ 1.171)
5.
In 1960, census results indicated that the age at which men in a certain region first married had a mean of 24.5 years. It is widely suspected that young people today are waiting longer to get married. We want to find out if the mean age of first marriage has increased from 24.5 years since then (µ > 24.5). The 40 men in our sample first married at an average age of 25.4 years, with a sample standard deviation s of 5.3 years. The P-value is 0.145. State the conclusion using α = 0.01.
Group of answer choices
Reject Ho. There is not sufficient evidence that the mean age of first marriage differs from the mean age in 1960.
Do not Reject Ho. There is sufficient evidence that the mean age of first marriage is greater than the mean age in 1960.
Reject Ho. There is sufficient evidence that the mean age of first marriage is greater than the mean age in 1960.
Do not Reject Ho. There is not sufficient evidence that the mean age of first marriage is greater than the mean age in 1960.
6.
In 1960, census results indicated that the age at which men in a certain region first married had a mean of 23.5 years. We want to find out if the mean age of first marriage has changed/differed from 23.5 years since then. The 40 men in our sample first married at an average age of 24.3 years, with a sample standard deviation s of 5.3 years. Calculate the test statistic t.
Group of answer choices
1.171
1.074
0.955
0.145
7.
Ahmadi, Inc. has been manufacturing small automobiles that have averaged 50 miles per gallon of gasoline in highway driving. The company has developed a more efficient engine for its small cars and now advertises that its new small cars average more than 50 miles per gallon in highway driving. An independent testing service road-tested 64 of the new small automobiles. The sample showed an average of 51.5 miles per gallon. The population standard deviation is 4 miles per gallon.
Ahmadi, Inc wants to conduct a hypothesis test to determine whether or not it is legitimate campaign that the new small cars average more than 50 miles per gallon in highway driving. Use α = 0.05
What type of the test is appropriate?
Group of answer choices
No answer text provided.
t-test for one population mean
z-test for one population proportion
z-test for one population mean
In: Statistics and Probability
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Biochemical oxygen demand i.e. BOD) is a measure of the potential damage that can be done to the dissolved oxygen content of a body of water by organic waste. A BOD is also the amount of O2required to degrade or decompose the wastes. Its name comes from the "demand" that organic carbon has for O2 through biochemical (enzyme) oxidation. BOD – demanded oxygen – can be likened to a debt that must be paid. Dissolved oxygen (DO) can be thought of as the currency used to pay the debt. If DO (assets) exceeds BOD (debt), aerobic conditions (economic solvency) will prevail. If BOD exceeds DO, bankruptcy may ensue. Bankruptcy, in this case, is the depletion of water's chief asset, O2. Over a period of time, the water's oxygen level is usually replenished by oxygen from the air. The length of this time period depends on the severity of the initial loss of oxygen. If we assume that the part of the organic waste that is being degraded is carbon, C ( a good assumption), then we can write the following chemical formula: C + O2 ? CO2 If we were to do a mass analysis (i.e. gram for gram, pound for pound, etc.) of this equation, we would find that for every 3 parts of C, we would need 8 parts of O2. If you're thinking that it looks like it should be a one for one deal, you're absolutely correct. It does in fact require one MOLECULE of carbon to react with one MOLECULE of oxygen, but if we would weigh those molecules we'd see that different molecules weigh different amounts and therefore based on mass, we'd get the 3:8 ratio. Do not overthink this problem. If you think along the lines of a is to b as x is to y, you'll be on the right track. Enter ONLY the answer in the provided answer box. QUESTION 1 Consider a small lake, 0.3 miles across and 8 ft deep, that contains a total of 40 tons of dissolved oxygen. Calculate the BOD (i.e.calculate the amount of oxygen required to degrade the amount of organic waste given) if 6 tons of carbon-based waste is dumped into the lake. Round your answer to zero places past the decimal. Question 2 Repeat the BOD calculation as done in #1, but this time let's dump in 32 tons of carbon-based waste. Round your answer to zero places past the decimal. QUESTION 3 The differences between the two cases above include all of the following: (Select all that apply)
|
In: Other
Requirement: 1
Tharaldson Corporation makes a product with the following standard costs:
| Standard Quantity or Hours | Standard Price or Rate | Standard Cost Per Unit | |||||||
| Direct materials | 5.7 | ounces | $ | 2.00 | per ounce | $ | 11.40 | ||
| Direct labor | 0.2 | hours | $ | 11.00 | per hour | $ | 2.20 | ||
| Variable overhead | 0.2 | hours | $ | 6.00 | per hour | $ | 1.20 | ||
The company reported the following results concerning this product in June.
| Originally budgeted output | 3,900 | units | |
| Actual output | 3,500 | units | |
| Raw materials used in production | 20,700 | ounces | |
| Purchases of raw materials | 21,800 | ounces | |
| Actual direct labor-hours | 530 | hours | |
| Actual cost of raw materials purchases | $ | 42,600 | |
| Actual direct labor cost | $ | 13,900 | |
| Actual variable overhead cost | $ | 3,950 | |
The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.
The variable overhead efficiency variance for June is:
Requirement: 2
Tharaldson Corporation makes a product with the following standard costs:
| Standard Quantity or Hours | Standard Price or Rate | Standard Cost Per Unit | |||||||
| Direct materials | 6.6 | ounces | $ | 3.00 | per ounce | $ | 19.80 | ||
| Direct labor | 0.3 | hours | $ | 10.00 | per hour | $ | 3.00 | ||
| Variable overhead | 0.3 | hours | $ | 5.00 | per hour | $ | 1.50 | ||
The company reported the following results concerning this product in June.
| Originally budgeted output | 2,000 | units | |
| Actual output | 2,500 | units | |
| Raw materials used in production | 19,000 | ounces | |
| Purchases of raw materials | 15,000 | ounces | |
| Actual direct labor-hours | 510 | hours | |
| Actual cost of raw materials purchases | $ | 40,000 | |
| Actual direct labor cost | $ | 12,000 | |
| Actual variable overhead cost | $ | 3,000 | |
The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.
The variable overhead rate variance for June is:
In: Accounting
Cash Dividends, Stock Dividend, and Stock Split
During the year ended December 31, 20--, Choi Company completed the following transactions:
| Apr. 15 | Declared a semiannual dividend of $1.4 per share on preferred stock and $0.3 per share on common stock to shareholders of record on May 5, payable on May 10. Currently, 6,100 shares of $50 par preferred stock and 79,200 shares of $1 par common stock are outstanding. |
| May 10 | Paid the cash dividends. |
| Oct. 15 | Declared semiannual dividend of $1.4 per share on preferred stock and $0.3 per share on common stock to shareholders of record on November 5, payable on November 20. |
| Nov. 20 | Paid the cash dividends. |
| 22 | Declared a 10% stock dividend to common shareholders of record on December 8, distributable on December 16. Market value of the common stock was estimated at $5 per share. |
| Dec. 16 | Issued certificates for common stock dividend. |
| 20 | Board of directors declared a two-for-one common stock split. |
Required:
Prepare journal entries for the transactions. If an amount box does not require an entry, leave it blank.
| DATE | ACCOUNT TITLE | DOC. NO. |
POST. REF. |
DEBIT | CREDIT | ||
|---|---|---|---|---|---|---|---|
| 1 | Apr. 15 | 1 | |||||
| 2 | 2 | ||||||
| 3 | 3 | ||||||
| 4 | 4 | ||||||
| 5 | May 10 | 5 | |||||
| 6 | 6 | ||||||
| 7 | 7 | ||||||
| 8 | 8 | ||||||
| 9 | Oct. 15 | 9 | |||||
| 10 | 10 | ||||||
| 11 | 11 | ||||||
| 12 | 12 | ||||||
| 13 | Nov. 20 | 13 | |||||
| 14 | 14 | ||||||
| 15 | 15 | ||||||
| 16 | 16 | ||||||
| 17 | Nov. 22 | 17 | |||||
| 18 | 18 | ||||||
| 19 | 19 | ||||||
| 20 | 20 | ||||||
| 21 | Dec. 16 | 21 | |||||
| 22 | 22 | ||||||
| 23 | 23 |
Board of directors of Choi Company declared a two-for-one common
stock split.
How is this transaction recorded in the books of Choi
Compnay?
In: Accounting
In: Statistics and Probability
Question 1
If the theoretical value of a quantity is 3.142, and the calculated value is 3.146, what is the percent error? (closest value)
Group of answer choices
0.1 %
0.2%
0.3%
Question 2
In an experiment to measure the value of pi, the following results are obtained for pi:
3.14 3.13 3.24 3.06 3.02
If the correct value is 3.14159, calculate the Percent Error (closest value)
Group of answer choices
0.3%
0.7%
1 %
2%
Question 3
What determines the number of significant figures used in reporting measured values?
Group of answer choices
The accuracy of the calculations
The accuracy of the equipment
Question 4
Calculate, to the correct number of significant figures:
21.414 + 15.231 + 17.24 + 5.01
Group of answer choices
58.90
58.9
58.895
58.89
Question 5
If the time period for a certain pendulum while standing in the Lab. on Earth is T second, will the time period be longer or shorter if It is taken to the Moon:
Group of answer choices
Longer
Shorter
Question 6
If the time period for a certain pendulum while standing in the Lab. on Earth is T second, will the time period be longer or shorter if it is taken to the planet Jupiter
Group of answer choices
Longer
Shorter
Question 7
If the time period for a certain pendulum while standing in the Lab. on Earth is T second, will the time period be longer or shorter if it is in an elevator that is accelerating upwards
Group of answer choices
Longer
Shorter
Question 8
For a vertically oscillating spring-mass system, should the time period depend on the amplitude of oscillation?
Group of answer choices
Yes
No
Question 9
What error can you expect if you use the stopwatch to measure the time for only 10 oscillations instead of 50 as mentioned in the manual?
Group of answer choices
The time period becomes smaller
Time period remains same, but the error in its measurement increases.
The time period remains same, and the error in its measurement decreases.
The time period becomes longer
In: Physics
(a) Suppose a dealer draws one card from a standard, properly shuffled, 52-card deck of cards (that is, all Jokers have been removed). (i) Describe the sample space - i.e. all of the possible outcomes (no need to write them all out, just describe them in words). (1 point) (ii) What is the probability that the card is a Heart? (1 point) (iii) What is the probability that the card is a 6? (1 point) (iv) What is the probability that the card has a number on the face (i.e. not Jack, Queen, King, or Ace)? (1 point)
(b) Suppose I flip a fair coin twice in a row. (i) Write out the set of possible outcomes (the sample space). (1 point) (ii) What is the probability that at least one flip lands with Heads facing up? (1 point) (iii) What is the probability that both flips land with Heads facing up? (1 point)
(c) Consider a business owner who can make one of three decisions about a new product. Each decision generates a lottery over different possible revenue outcomes. If he makes Decision A, then the resulting lottery, p A, generates $20, 000 in revenue with probability 0.3, $12, 000 in revenue with probability 0.15, $5, 000 in revenue with probability 0.35, and $2, 000 with probability 0.2. If he makes Decision B, then the resulting lottery, p B, generates $30, 000 in revenue with probability 0.1, $10, 000 in revenue with probability 0.6, and $1, 000 with probability 0.3. If he makes Decision C, then the resulting lottery, p C , generates $20, 000 in revenue with probability 0.2, and $8, 000 with probability 0.8. (i) Write each lottery in the form (p1, x1; p2, x2; ...; pn, xn). (2 points) (ii) Calculate the expected value (of revenue) from each decision. (3 points)
In: Statistics and Probability
Because of high tuition costs at state and private universities, enrollments at community colleges have increased dramatically in recent years. The following data show the enrollment (in thousands) for Jefferson Community College for the nine most recent years.
Click on the datafile logo to reference the data.
Year |
Period (t) |
Enrollment (1,000s) |
| 2001 | 1 | 6.5 |
| 2002 | 2 | 8.1 |
| 2003 | 3 | 8.4 |
| 2004 | 4 | 10.2 |
| 2005 | 5 | 12.5 |
| 2006 | 6 | 13.3 |
| 2007 | 7 | 13.7 |
| 2008 | 8 | 17.2 |
| 2009 | 9 | 18.1 |
| (a) | Choose the correct time series plot. | ||||||||||||
|
|||||||||||||
| - Select your answer -Plot (i)Plot (ii)Plot (iii)Plot (iv)Item 1 | |||||||||||||
| What type of pattern "significantly" exists in the data? (Use 1% level of significance when needed) | |||||||||||||
| - Select your answer -Only randomnessRandomness & Linear trendRandomness & SeasonalityRandomness, Linear trend & SeasonalityItem 2 | |||||||||||||
| (b) | Use simple linear regression analysis to find the parameters for the line that minimizes MSE for this time series. | ||||||||||||
| If required, round your answers to two decimal places. | |||||||||||||
| y-intercept, b0 = | |||||||||||||
| Slope, b1 = | |||||||||||||
| MSE = | |||||||||||||
| (c) | What is the forecast for year 10? | ||||||||||||
| Do not round your interim computations and round your final answer to two decimal places. | |||||||||||||
| (d) | Use the Holt's method with smoothing constants of 0.3 for alpha and 0.6 for gamma. Find the equation of the forecast line and the MSE for this method. | ||||||||||||
| If required, round your answers to two decimal places. | |||||||||||||
| y-intercept, b0 = | |||||||||||||
| Slope, b1 = | |||||||||||||
| MSE = | |||||||||||||
| (e) | What is the forecast for year 10? | ||||||||||||
| Do not round your interim computations and round your final answer to two decimal places. | |||||||||||||
| (f) | Which of the following methods perform better with respect to MSE? - Select your answer -RegressionHolt's with alpha=0.3, gamma=0.6Holt's with alpha=0.2, gamma=0.2 |
In: Statistics and Probability
Ross Co., Westerfield, Inc., and Jordan Company announced a new agreement to market their respective products in China on July 18 (7/18), February 12 (2/12), and October 7 (10/7), respectively. Given the information below, calculate the cumulative abnormal return (CAR) for these stocks as a group. Assume all companies have an expected return equal to the market return.(A negative value should be indicated by a minus sign. Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations. Round your answers to 1 decimal place.)
| Ross Co. | Westerfield, Inc. | Jordan Company | ||||||||
| Date | Market Return |
Company Return |
Date | Market Return |
Company Return |
Date | Market Return |
Company Return |
||
| 7/12 | -0.1 | -0.9 | 2/8 | -0.6 | -0.9 | 10/1 | 0.4 | 0.5 | ||
| 7/13 | 0.2 | 0.3 | 2/9 | -0.7 | -0.9 | 10/2 | 0.3 | 0.5 | ||
| 7/16 | 0.5 | 0.7 | 2/10 | 0.5 | 0.6 | 10/3 | 0.8 | 1.3 | ||
| 7/17 | -0.6 | -0.2 | 2/11 | 0.7 | 1.1 | 10/6 | -0.1 | -0.8 | ||
| 7/18 | -1.8 | 1.3 | 2/12 | -0.1 | 0.1 | 10/7 | -2.3 | -0.8 | ||
| 7/19 | -0.9 | -0.5 | 2/15 | 1.2 | 1.5 | 10/8 | 0.2 | 0.4 | ||
| 7/20 | -0.9 | -0.2 | 2/16 | 0.7 | 0.6 | 10/9 | -0.5 | -0.5 | ||
| 7/23 | 0.6 | 0.4 | 2/17 | -0.1 | 0 | 10/10 | 0.1 | -0.1 | ||
| 7/24 | 0.2 | 0 | 2/18 | 0.6 | 0.4 | 10/13 | -0.1 | -0.6 | ||
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In: Finance