If $300 is invested at a 4% APR, how much interest will be earned in 10 years compounded annually?
(Round to the nearest cent and do not enter the dollar sign)
In: Finance
What is the impact of tax policies such as the Earned Income Tax Credit (EITC) in addressing poverty? How have they affected income and wealth inequality in the U.S.?
In: Economics
Most brokers will set a minimum level of commissions that must be earned by a sales associate becoase of
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In: Operations Management
. A process description for “Pay Commission" is provided below:
For each COMMISSION EARNED
If EXTRA BONUS equals Y
If PAYMENT TOTAL is greater than $80,000
Add 3% to COMMISSION PERCENT
Output SPECIAL LETTER
Output AWARD LIST
Else Add 2% to COMMISSION PERCENT
Output AWARD LIST
Else
If PAYMENT TOTAL is greater than $80,000
Add 1% to COMMISSION PERCENT
Output SPECIAL LETTER
Calculate COMMISSION = COMMISSION PERCENT times PAYMENT TOTAL
Required:
Construct a Decision Table for the above process description.
In: Operations Management
It is widely believed that the more education one receives the higher the income earned at the time of first employment and over the course of a career. However, due to varying reasons, many people never complete high school and, thus, never receive their high-school diploma. Although individuals without a high-school diploma are often able to find employment, they experience economic outcomes quite different from those who finish high school before entering the workforce to earn a living. Across the nation, there are millions of individuals with families who are now working but do not possess the credentials of a high-school diploma. Many of these individuals and their families are considered to be a part of the working poor that make up a considerable portion of this nation’s labor force.
1. A student states that a decrease in the percent of 18-64 yr-olds with no high school diploma will no doubt lead to a decrease in the percent of low-income working families. Write at least two concise sentences addressing the key uses and limitations of linear correlation and use these to respond to the student’s statement. In addition, using the R-squared value for the regression equation, provide a statement about its meaning, in general, and, specifically, in the context of this project.
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Reference(s): The Working Poor Families Project. (2011). Indicators and Data. Retrieved from http://www.workingpoorfamilies.org/indicators/
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In: Statistics and Probability
The accompanying data are the number of wins and the earned run averages (mean number of earned runs allowed per nine innings pitched) for eight baseball pitchers in a recent season. Find the equation of the regression line. Then construct a scatter plot of the data and draw the regression line. Then use the regression equation to predict the value of y for each of the given x-values, if meaningful. If the x-value is not meaningful to predict the value of y, explain why not.
(a) x=5 wins
(b) x=10 wins
(c) x=21 wins
(d) x=15 wins
Wins, x= 20 18 17 16 14 12 11 9
Earned run average, y= 2.74 3.31 2.65 3.64 3.94 4.34 3.88 5.16
1. Find the regression equation.
In: Statistics and Probability
Suppose the scores earned on a statistics test are normally distributed with a mean of 65 and a standard deviation 8. The instructor wants to curve the test scores as follows: The top 5% get an A, the next 20% get a B, the middle 50% get a C, the bottom 10% get an F, and the rest earn a D. Determine the score cutoffs for the test.
In: Statistics and Probability
1. As the influential message sources of earned media are outside the control of a marketing manager, the messages may be negative toward the brand.
True or False
2. When a customer posts a review on Amazon about the difficulties he faces while using his new hairdryer, it is considered an example of earned media.
True or False
3. Though an infographic may be well-designed, it captures less attention and gets passed along less readily than a text-heavy website.
True or False
4. Pass-along occurs when a customer makes a recommendation for a specific brand to another customer and may include advice or suggestions against a brand.
True or False
5. The typical promotional objectives of e-mail newsletters are maintaining relationships, reminding customers, and cross-selling.
True or False
In: Accounting
The accompanying data are the number of wins and the earned run averages (mean number of earned runs allowed per nine inningspitched) for eight baseball pitchers in a recent season. Find the equation of the regression line. Then construct a scatter plot of the data and draw the regression line. Then use the regression equation to predict the value of y for each of the given x-values, if meaningful. If the x-value is not meaningful to predict the value of y, explain why not. (a) x=5 wins (b) x=10wins (c) x=21 wins (d) x=15 wins
The equation of the regression line is y = (__) x + (__).
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Wins, x |
Earned run average, y |
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20, 2.72
18 3.26
17 2.72
16 3.75
14 3.83
12 4.41
11 3.73
9 5.07
In: Statistics and Probability
What is a suitable way to display the average income earned by men and women in a city?
What is a suitable way to display relationship between two continuous variables?
What’s the best way to display median and outliers?
A scatter plot
A pie chart
A histogram
A bar chart
In: Statistics and Probability