Determine the actual annual interest rate on a $100,000 line of credit with an annual percentage rate of 10% compounded monthly. The bank requires that a 5% compensating balance be placed in an interest-bearing account that pays an annual percentage rate of 1.5% compounded monthly. The average daily balance is anticipated to be $75,000, excluding the compensating balance and interest due on the line of credit.
In: Accounting
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Teenagers make up a large percentage of the market for clothing. Below are data on running shoe ownership in four world regions (excluding China). At α = .01, does this sample show that running shoe ownership depends on world region? |
| Running Shoe Ownership in World Regions | |||||
| Owned By | U.S. | Europe | Asia | Latin America | Row Total |
| Teens | 80 | 89 | 69 | 65 | 303 |
| Adults | 20 | 11 | 31 | 35 | 97 |
| Col Total | 100 | 100 | 100 | 100 | 400 |
http://lectures.mhhe.com/connect/0077837304/Excel/Ch15/Running.xlsx
| (a) |
The hypothesis for the given issue is H0: Age Group and World Region are independent. |
|
| (b) |
Calculate the chi-square test statistic, degrees of freedom, and the p-value. (Round your test statistic value to 2 decimal places and the p-value to 4 decimal places.) |
| Test statistic | |
| d.f. | |
| p-value | |
| (c) |
Find the critical value for chi-Square. Refer to the chi-square http://lectures.mhhe.com/connect/0077837304/Images/appendixe.jpg
|
In: Math
The Centers for Disease Control reported the percentage of people 18 years of age and older who smoke (CDC website, December 14, 2014). Suppose that a study designed to collect new data on smokers and nonsmokers uses a preliminary estimate of the proportion who smoke of .32. a. How large a sample should be taken to estimate the proportion of smokers in the population with a margin of error of .02 (to the nearest whole number)? Use 95% confidence. b. Assume that the study uses your sample size recommendation in part (a) and finds 520 smokers. What is the point estimate of the proportion of smokers in the population (to 4 decimals)? c. What is the 95% confidence interval for the proportion of smokers in the population (to 4 decimals)? ( , )
In: Economics
The report "Progress for Children" (UNICEF, April 2005) included the accompanying data on the percentage of primary-school-age children who were enrolled in school for 19 countries in Northern Africa and for 23 countries in Central Africa.
| 54.6 | 34.3 | 48.9 | 77.8 | 59.6 | 88.5 | 97.4 | 92.5 | 83.9 | 96.9 | 88.9 |
| 98.8 | 91.6 | 97.8 | 96.1 | 92.2 | 94.9 | 98.6 | 86.6 |
| 58.3 | 34.6 | 35.5 | 45.4 | 38.6 | 63.8 | 53.9 | 61.9 | 69.9 | 43.0 | 85.0 |
| 63.4 | 58.4 | 61.9 | 40.9 | 73.9 | 34.8 | 74.4 | 97.4 | 61.0 | 66.7 | 79.6 |
| 98.9 |
We will construct a comparative stem-and-leaf display using the first digit of each observation as the stem and the remaining two digits as the leaf. To keep the display simple the leaves will be truncated to one digit. For example, the observation 54.6 would be processed as
54.6 → stem = 5, leaf = 4 (truncated from 4.6),
the observation 96.1 would be processed as
96.1 → stem = ? , leaf = ? (truncated from 6.1)
and the observation 35.5 would be processed as
35.5 → stem = ? , leaf = ?(truncated from 5.5).
The resulting comparative stem-and-leaf display is shown in the figure below.
Comparative stem-and-leaf display for percentage of children enrolled in primary school.
| Central Africa | Northern Africa | |
|---|---|---|
| 4854 | 3 | 4 |
| 035 | 4 | 8 |
| 838 | 5 | 49 |
| 6113913 | 6 | |
| 943 | 7 | 76 |
| 5 | 8 | 8386 |
| 87 | 9 | 7268176248 |
From the comparative stem-and-leaf display we can see that there is
quite a bit of variability in the percentage enrolled in school for
both Northern and Central African countries and that the shapes of
the two data distributions are quite different. The percentage
enrolled in school tends to be higher in Northern African countries
than in Central African countries, although the smallest value in
each of the two data sets is about the same. For Northern African
countries the distribution of values has a single peak in the 90s
with the number of observations declining as we move toward the
stems corresponding to lower percentages enrolled in school. For
Central African countries the distribution is more symmetric, with
a typical value in the mid 60s.
How many individual stem-and-leaf displays are represented by the
comparative stem-and-leaf display?
-one
-two
-three
-It can't be represented as simple stem-and-leaf display.
In: Math
5.26 A high percentage of people who fracture or dislocate a bone see a doctor for that condition. Suppose the percentage is 99%. Consider a sample in which 300 people are randomly selected who have fractured or dislocated a bone. a. What is the probability that exactly five of them did not see a doctor? b. What is the probability that fewer than four of them did not see a doctor? c. What is the expected number of people who would not see a doctor?
In: Math
IQ scores have a mean of 100 and standard deviation of 15:
a) What percentage of scores fall between 100 & 135?
b) What percentage of scores fall between 88 & 100?
In: Math
Background Info:
Question:
In: Accounting
What is the conceptual difference between the (1) percentage of creditsales and (2) aging methods of estimating bad debts? What kind of account isallowance for doubtful accounts? What does it represent?
In: Accounting
1)What is the percentage change in price for a zero coupon bond if the yield changes from 5.5% to 9%? The bond has a face value of $1,000 and it matures in 11 years. Use the price determined from the first yield, 5.5%, as the base in the percentage calculation. The percentage change in the bond price if the yield changes from 5.5% to 9% is %
2)With celebrity bonds, celebrities raise money by issuing bonds to investors. The royalties from sales of the music are used to pay interest and principal on the bonds. In April of 2009, EMI announced that it intended to securitize its back catalogue with the help of the Bank of Scotland. The bond was issued with a coupon rate of 6.55% and will mature on this day 31 years from now. The yield on the bond issue is currently 6.35%. At what price should this bond trade today, assuming a face value of $1,000 and annual coupons? The price of the bond today should be $
3) A Ford Motor Co. coupon bond has a coupon rate of 6.95%, and pays annual coupons. The next coupon is due tomorrow and the bond matures 36 years from tomorrow. The yield on the bond issue is 6.1%. At what price should this bond tradetoday, assuming a face value of $1,000 The price of the bond today should be $.
In: Finance
How does the decision to finance with a greater percentage of debt versus stock impact:
a) shareholders’ earnings per share
b) company risk exposure
c) the WACC for the company
In: Finance