Applying Simple Linear Regression (Detecting Changes in Market Share)
The Conference Board produces a Consumer Confidence Index (CCI) that reflects people’s feelings about general business conditions, employment opportunities, and their own income prospects. Some researchers may feel that consumer confidence is a function of the median household income. Shown here are the CCIs for nine years and the median household incomes for the same nine years published by the U.S. Census Bureau. Determine the equation of the regression line to predict the CCI from the median household income. Compute the standard error of the estimate for this model. Compute the value of r2. Does median household income appear to be a good predictor of the CCI? Why or why not? Conduct the five step hypothesis test for both the model and regressor, using .05 level of significance.
Please provide the 5 steps for both the model and the regressor test, the Minitab output for each hypothesis test, and state the business implication based upon your analysis. You must use Minitab and the 5 step hypothesis testing process.
CCI Median Household Income ($1,000)
116.8 37.415
91.5 36.770
68.5 35.501
61.6 35.047
65.9 34.700
90.6 34.942
100.0 35.887
104.6 36.306
125.4 37.005
Please provide the 5 steps and Minitab output, and make a decision about the data. You must use Minitab and the 5 step hypothesis testing process.
Here is an example of reporting results in APA style:
Social support significantly predicted depression scores, b = -.34, t(225) = 6.53, p < .01. 2 Social support also explained a significant proportion of variance in depression scores, R = .12, F(1, 225) = 42.64, p < .01.
Use this prototype to report your results:
Median house income did or did not significantly predict CCI, b = insert the slope coefficient, t(insert the degrees of freedom for t) = insert the observed t, p < insert the p-value. Median house income also did or did not explain a significant proportion of variance in CCI, R2 = insert r square value, F(insert degrees of freedom for the model)= insert observed F , p < insert pvalue.
To conduct this test in Minitab, please use the following process:
Minitab has a relatively thorough capability to perform regression analysis. To begin, select Stat from the menu bar. Select Regression from the Stat pulldown menu. Select Regression from the Regression pulldown menu. Place the column name or column location of the y variable in Response. Place the column name or column location of the x variable in Predictors. Click OK. Make sure you copy and paste the equation, regression statistics, the ANOVA, and coefficient output.
In: Statistics and Probability
Consider how being part of a crowd or group changes your behavior. How can deindividuation change people's behavior? Could deindividuation lead to positive outcomes? What is a way to encourage members of a crowd to behave in line with their "normal" values?
In: Psychology
Working Capital Cash Flow Cycle
Strickler Technology is considering changes in its working capital policies to improve its cash flow cycle. Strickler's sales last year were $3,805,000 (all on credit), and its net profit margin was 7%. Its inventory turnover was 7.5 times during the year, and its DSO was 32 days. Its annual cost of goods sold was $2,250,000. The firm had fixed assets totaling $655,000. Strickler's payables deferral period is 35 days. Assume 365 days in year for your calculations. Do not round intermediate calculations.
In: Finance
please answer with coding from The second edition C programming language textbook
/* Changes all occurrences of t in s to u, result stored in v
*
* Example:
*
* char v[100];
* replace("hello", "el", "abc", v) => v becomes "habclo"
* replace("", "el", "abc", v) => v becomes "" (no change)
* replace("hello", "abc", "def", v) => v becomes "hello" (no change)
* replace("utilities", "ti", "def", v) => v becomes "udeflidefes"
*
*/
void replace(char *s, char *t, char *u, char *v)
{
}
In: Computer Science
How would cellular respiration differ between eukaryotic and prokaryotic cells?
Describe the various changes that occur to pyruvate in pyruvate oxidation. State the reactions.
Give the overall chemical equation for pyruvate oxidation.
Please, i would appreciate an answer in a text form not handwritten. thank you
In: Biology
Strickler Technology is considering changes in its working capital policies to improve its cash flow cycle. Strickler's sales last year were $4,165,000 (all on credit), and its net profit margin was 8%. Its inventory turnover was 7 times during the year, and its DSO was 33 days. Its annual cost of goods sold was $2,450,000. The firm had fixed assets totaling $715,000. Strickler's payables deferral period is 39 days. Assume 365 days in year for your calculations. Do not round intermediate calculations.
1 a) Assuming Strickler holds negligible amounts of cash and
marketable securities, calculate its total assets turnover. Round
your answer to two decimal places.
b). Calculate its ROA. Round your answer to two decimal
places.
2.
a) Suppose Strickler's managers believe the annual inventory
turnover can be raised to 10 times without affecting sale or profit
margins. What would Strickler's cash conversion cycle have been if
the inventory turnover had been 10 for the year? Round your answer
to two decimal places.
b) What would Strickler's total assets turnover have been if the
inventory turnover had been 10 for the year? Round your answer to
two decimal places.
c). What would Strickler's ROA have been if the inventory turnover
had been 10 for the year? Round your answer to two decimal
place
In: Finance
Write a 1–1.5 page letter to Joe Davison explaining how each of the above changes should be presented in the December 31, 2017, financial statements. CA22-6 ETHICS (Change in Estimate) Mike Crane is an audit senior of a large public accounting firm who has just been assigned to the Frost Corporation's annual audit engagement. Frost has been a client of Crane's firm for many years. Frost is a fast-growing business in the commercial construction industry. In reviewing the fixed asset ledger, Crane discovered a series of unusual accounting changes, in which the useful lives of assets, depreciated using the straight-line method, were substantially lowered near the midpoint of the original estimate. For example, the useful life of one dump truck was changed from 10 to 6 years during its fifth year of service. Upon further investigation, Mike was told by Kevin James, Frost's accounting manager, “I don't really see your problem. After all, it's perfectly legal to change an accounting estimate. Besides, our CEO likes to see big earnings!”
Instructions Answer the following questions.
(a) What are the ethical issues concerning Frost's practice of changing the useful lives of fixed assets?
(b) Who could be harmed by Frost's unusual accounting changes?
(c) What should Crane do in this situation?
In: Accounting
5.Under Section 1031, what needs to occur within 45 days of the sale and what changes if the taxpayer acquires the replacement property within the 45 days?
6. A group of investors formed a JV to construct a new building. You have been asked to structure the deal and one of your responsibilities is to ensure the investors will be able to recognize a Section 1231 gain as opposed to ordinary income. Please describe the factors you would take into consideration to make sure the investors receive the desired tax treatment.
7. Formations of partnerships and corporations are generally seen as tax free transactions. Describe the main difference between the formation of a corporation and a partnership?
8. Bonus Question - In the Bramblett case why was it necessary to form a partnership and a corporation as opposed to forming two partnership?
In: Accounting
Visual Inspection
Noble Company's accounting records provided the following changes in account balances and other information for 2016:
| Net Changes for 2016 | ||||
|---|---|---|---|---|
| Debit | Credit | |||
| Cash | $2,000 | |||
| Accounts Receivable | $1,900 | |||
| Inventory | 2,400 | |||
| Land | 1,700 | |||
| Buildings and Equipment | 23,000 | |||
| Accumulated Depreciation | 4,500 | |||
| Accounts Payable | 1,600 | |||
| Salaries Payable | 600 | |||
| Bonds Payable | 5,000 | |||
| Common Stock, no par | 3,000 | |||
| Retained Earnings | 5,300 | |||
| $25,500 | $25,500 | |||
Additional information: Net income was $9,900. Dividends were declared and paid. Land was sold for $1,700. No land was purchased. A building was purchased for $23,000. No buildings and equipment were sold. Bonds payable were issued at the end of the year. Two hundred shares of stock were issued for $15 per share. The beginning cash balance was $4,800.
Required:
Using visual inspection, prepare a 2016 statement of cash flows for Noble. Use a minus sign to indicate cash outflows, a decrease in cash or cash payments.
| NOBLE COMPANY | ||
| Statement of Cash Flows | ||
| For Year Ended December 31, 2016 | ||
| Operating Activities: | ||
| $ | ||
| Adjustment for noncash income items: | ||
| Adjustments for cash flow effects from working capital items: |
||
| $ | ||
| Investing Activities: | ||
| $ | ||
| Financing Activities: | ||
| $ | ||
| $ | ||
| $ | ||
In: Accounting
1. When membrane potential changes, we use the terms depolarization, hyperpolarization, and repolarization. Explain what is happening to the membrane potential in relation to the extracellular fluid during depolarization and hyperpolarization. Explain how depolarization is possible with the movement of positive ions. Explain how depolarization is possible with the movement of negative ions. Explain how hyperpolarization is possible with the movement of both positive and negative ions, like you did for depolarization.
In: Anatomy and Physiology