A town official claims that the average vehicle in their area sells for more than the 40th percentile of your data set. Using the data, you obtained in week 1, as well as the summary statistics you found for the original data set (excluding the super car outlier), run a hypothesis test to determine if the claim can be supported. Make sure you state all the important values, so your fellow classmates can use them to run a hypothesis test as well. Use alpha = .05 to test your claim. (Note: You will want to use the function =PERCENTILE.INC in Excel to find the 40th percentile of your data set) First determine if you are using a z or t-test and explain why. Then conduct a four-step hypothesis test including a sentence at the end justifying the support or lack of support for the claim and why you made that choice
| Price |
| 43300 |
| 22795 |
| 33700 |
| 24885 |
| 42500 |
| 25950 |
| 26645 |
| 25190 |
| 25050 |
| 25300 |
| N | 10 | |||
| Sample Mean | 29531.5 | |||
| STDV | 7601.882 |
In: Statistics and Probability
short answer:
Why would agrarian societies have social stratification that emphasizes caste? Why would industrial societies have social stratification that mixes caste with meritocracy?
State one way in which caste and class systems differ.
What is meritocracy? What part does it play in class systems?
What is status consistency? Provide a description of a person with high status consistency and an example of someone with low status consistency.
Define structural social mobility. How does it differ from individual social mobility?
State the Davis-Moore thesis. According to this theory, why is social inequality useful for society?
According to Karl Marx, what are the two major classes in industrial-capitalist societies? How did Marx describe the relationship between the two classes?
What did Max Weber mean by describing inequality in terms of a socioeconomic status ranking?
Explain how social stratification shapes patterns of social interaction.
What is the Kuznets curve? What does it tell us about how social stratification has varied over the course of human history as well as in the world today?
In: Economics
Company A is considering acquiring company B. The two companies are in different, but not totally unrelated, industries. You are hired by company A to make a positive or negative recommendation about the acquisition. In preparing your recommendation you consider using the Discounted Cash Flow (DCF) model as well as the Real Options model to assess the value of the potential acquisition. You also plan to use the CAPM to assess and value the risk of the acquisition. Explain how the DCF model and the Real Option model can each be used to value the acquisition. Under what circumstances would the Real Option model provide a better approach to value the acquisition than the DCF? Explain.
Finally, discuss how the risk of the acquisition can be assessed via the CAPM model? Comment on the advantages and disadvantages of using the CAPM to the value the acquisition.
In: Finance
Solow model without ideas accumulation
Q. Let's consider some comparative statics
(change in one exogenous variable while keeping the other exogenous variables constant).
What is the long run (steady-state) effect of a permanent reduction in the depreciation rate on the stock of capital, capital per worker, GDP, and economic growth?
Explain your reasoning using the relevant diagram
In: Economics
A 35-year-old epileptic woman is brought to your clinic after suffering a seizure. You decide to use continuous intravenous infusion phenytoin for treatment. The dose is administered at a rate of 100 mg/hr. The elimination rate constant is 0.086625/hr. The clearance is 20 L/hr. What is the Css? (Enter answer as an integer with a space and appropriate unit) How long it will take to reach the steady state concentration? ___ hours (Enter answer as an integer, no units) What is the volume of distribution? ___ L (Enter answer as an integer, no units) What is the loading dose needed to immediately reach the steady state level? ___ mg (Enter answer as an integer, no units)
In: Nursing
Using four basic strategies of international business, use appropriate diagram to discuss in detail the factors would affect choice of strategy? (Maximum words, 3000)
In: Economics
Draw two different band-reject filter circuits. For each circuit, use circuit analysis to describe in detail how it functions as a band-reject filter.
In: Electrical Engineering
1-
Two coins are flipped, followed by rolling a die as many times
as the number
of heads shown.
(a) What is the probability of getting fewer than 5 dots in
total?
(b) Given that there were exactly 3 dots in total, what is the
conditional
probability that the coins showed exactly one head?
2-
Four people are dealt 13 cards each. You (one of the players)
got one ace.
What is the probability that your partner has the other three
aces?
3-
Two shooters are shooting two shots each at a target. The
probability of the
event “the first shooter hits the target” is 0.7 for each shot and
the probability for
the second shooter is 0.8. What is the probability of both shooters
missing the
target?
4-
Suppose the experiment consists of rolling two dice (red and
green), the event
A is: “the total number of dots equals 6”, B is: “the red die shows
an even number”.
Compute P(B/A).
In: Statistics and Probability
Trace the following code segment
1. use the red numbers under each statement to show the order that you execute the code by.
For example: (1) means int p=3; (2) means p<10; (3) means p+=3;
(1)(2)(3) means you execute int p=3 then p<10 then P+=3;
(2)(1)(3) means you execute p<10 then int p =3 then P+=3;
2. show its output
for (int p = 3 ; p <10; p += 3 )
(1) (2) (3)
{
for ( int m = 3 ; m < 6 ; m++)
(4) (5) (6)
cout<< (p * m) << “ “;
(7)
cout << “$” << endl;
(8)
}
In: Computer Science
Trace the following code segment
1. use the red numbers under each statement to show the order that you execute the code by.
For example: (1) means int p=3; (2) means p<10; (3) means p+=3;
(1)(2)(3) means you execute int p=3 then p<10 then P+=3;
(2)(1)(3) means you execute p<10 then int p =3 then P+=3;
2. show its output:
int x = 30, num = 100;
(1)
while ( x > 0)
(2)
{
cout << endl
<< “ x =“ << x << “ “ << “num =” << num;
(3)
x - = 10;
(4)
num += x;
(5)
}
In: Computer Science