The number of "destination weddings" has skyrocketed in recent years. For example, many couples are opting to have their weddings in the Caribbean. A Caribbean vacation resort recently advertised in Bride Magazine that the cost of a Caribbean wedding was less than $30,000. Listed below is a total cost in $000 for a sample of 8 Caribbean weddings. At the 0.10 significance level, is it reasonable to conclude the mean wedding cost is less than $30,000 as advertised? 30.3 30.0 28.8 30.1 31.9 29.2 29.4 28.5
A. State the null hypothesis and the alternate hypothesis. Use a 0.10 level of significance. (Enter your answers in thousands of dollars.)
B. State the decision rule for 0.10 significance level. (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.)
C. Compute the value of the test statistic. (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.)
D. What is the conclusion regarding the null hypothesis? _________(reject/do not reject) H0. The cost is _________ (not less/less) than $30,000
In: Statistics and Probability
The cost of weddings in the United States has skyrocketed in recent years. As a result, many couples are opting to have their weddings in the Caribbean. A Caribbean vacation resort recently advertised in Bride Magazine that the cost of a Caribbean wedding was less than $10,000. Listed below is a total cost in $000 for a sample of 8 Caribbean weddings. At the 0.025 significance level is it reasonable to conclude the mean wedding cost is less than $10,000 as advertised? 12.4 8.5 10.1 12.6 10.5 9.1 9.8 11.2
a. State the null hypothesis and the alternate hypothesis. Use a .025 level of significance. (Enter your answers in thousands of dollars.) H0: μ ≥ H1: μ <
b. State the decision rule for 0.025 significance level. (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.) Reject H0 if t <
c. Compute the value of the test statistic. (Negative amount should be indicated by a minus sign. Round your answer to 3 decimal places.) Value of the test statistic
d. What is the conclusion regarding the null hypothesis? H0. The cost is than $10,000.
In: Statistics and Probability
HI please answer all parts of my question. Thank you so much! I
will rate you!
Why do we call cardiac muscle to be a syncytium of many individual muscle cells? What is the name of membranes that connect longitudinally adjacent muscle cells?
As you know the mechanism of organophosphates involves irreversible inhibitors of AChE. Organophosphates have been used in several murders (VX used to kill the half-brother of North Korean dictator Kim Jong Un; Sarin gas used to kill 12 people on the Tokyo subway by the Japanese cult Aum Shinrikyo in 1995).The death of a victim is associated with difficulty of breathing and irregular heart rate. Please discuss the physiological mechanisms of organophosphates action on the lungs and on the heart.
An overweight 75 year old male with a history of coronary artery disease and shortness of breath on exertion celebrates his granddaughter’s wedding. He goes for several fast dances with the bride, after which he collapses on the floor, turns blue, and dies within minutes. What is the reason for his death?
In: Anatomy and Physiology
Suppose that an investor is analysing one European call option on an underlying stock with the following characteristics: Option price is $5, the current stock price is $95, the strike price = $100, and the expiry date of the option is in 2 months. Which of the following statements is incorrect?
Select one:
a. The break-even price for taking a long position in this call option is $100.
b. Buying the call option will give the investor some advantages over buying the underlying stock
c. The maximum profit for taking a long position in this call option is unlimited while the maximum loss for taking a long position in this call option is $5.
d. The investors should buy the call option if he expects the price of the underlying stock in the next two months will be more than $100.
In: Finance
The market supply is given by P = 20 + Q. The market demand for good X is given by P = 100 - 2Q - PZ. PZ is the price of a related good Z.
Find the market equilibrium for good X when PZ equals 38; denote the equilibrium as P1 and Q1. Find the market equilibrium for good X when PZ equals 44; denote the equilibrium as P2 and Q2.
Using the midpoint method, the price elasticity of supply for good X when its price changes from P1 to P2 is ________.
On the first-half of a letter-sized paper, illustrate the effect of the change in PZ on the market for good X, using a completely-labelled supply and demand graph, with P1, P2, Q1 and Q2 and their values clearly indicated.
On the second-half of the paper, provide an example of goods X and Z, explain why a change in PZ affects the market for X, and outline the equilibrium process in the market for good X due to the change in PZ.
In: Economics
Consider 4 bidders whose values are independently and uniformly distributed over [0, 10].
(a) What are the expected selling prices in a (i) second-price auction, and (ii) first-price auction.
(b) Suppose the values of the bidders are 8, 7, 4, and 2. What would be the selling price in a (i) second-price auction, and (ii) first-price auction.
(c) Suppose the values of the bidders are 9, 5, 4, and 2. What would be the selling price in a (i) second-price auction, and (ii) first-price auction.
(d) Comment on (a), (b), (c).
In: Economics
rilyn Simms died with a $200,000 life insurance policy. Her husband, Jack, was the primary beneficiary and their children, Mimi (age 24) and Ann (age 30), were the contingent beneficiaries. All three survived Marilyn. How would the policy proceeds be distributed?
In: Accounting
Client Profile
Betty, a 50-year-old woman, came to this country with
her parents when she was 7 years old. The family members worked as
migrant farmworkers until they
had enough money to open a restaurant. Betty married young. She and
her husband worked in the family restaurant and eventually bought
it from the parents.
They raised seven children, all grown and living on their own.
Betty and her husband live in a mobile home close to the
restaurant. She does not work in the family
restaurant anymore because she worries excessively about doing a
poor job. Betty no longer goes out if she can help it. She stays at
home worrying about how she
looks, what people think or say, the weather or road conditions,
and many other things. Betty is not sleeping at night and keeps her
husband awake when she roams
the house. She keeps her clothing and belongings in perfect order
while claiming she is doing a poor job of it. She does not prepare
large family dinners anymore,
though she still cooks the daily meals; one daughter has taken over
the family dinners. This daughter has become concerned about Betty
being isolated at home and
worrying excessively and calls the community mental health center
for an appointment for Betty.
Case Study
Betty presents at the community mental health center
accompanied by her husband, her children and their spouses, several
grandchildren, and a few cousins.
When Betty's name is called and she is told that the nurse is ready
to see her, she frowns and says: "What will I say? I don't know
what to say. I think my slip is showing. My hem isn 't straight."
Betty says she wants her whole family to go in to see the nurse
with her. The nurse notices that Betty is extremely well-groomed
and dressed in spite of concerns she has been voicing about her
appearance. Before the psychiatric nurse interviews Betty alone,
she hears from the daughter that Betty "worries all the time" and
although she has always been known to be a worrier, the worrying
has become worse over the past six or eight months. The husband
shares that his wife is keeping him awake at night with her
inability to get to sleep or stay asleep. The nurse interviews
Betty alone. The nurse notices that Betty casts her eyes downward,
speaks in a soft voice, does not smile, and seems restless as she
taps her foot on the floor, drums her fingers on the table, and
seems on the verge of getting out of her chair. Themes in tl1e
interview include: being tired, getting tired easily, not being
able to concentrate, not getting work done, trouble sleeping,
worrying about whether her husband loves her anymore and whether
she and her husband have enough money, and not having the energy to
attend to the housework or her clothing. The nurse has the
impression that Betty's anxiety floats from one worry to another.
There is no convincing Betty that she looks all right. Any attempt
to convince her that she need not worry about something, in
particular, leads to a different worry before coming back to tl1e
earlier worry. The community mental health psychiatrist examines
Betty and, after a thorough physical examination and lab studies,
finds nothing to explain her fatigue and difficulty sleeping other
than anxiety. Betty produces her medicine bottles and says she is
currently taking only vitamins, hormone replacement, and calcium.
The psychiatrist asks the nurse to contact Betty's family health
care provider to get information on any medical or psychiatric
conditions he is treating her for; the report comes back that she
has no medical diagnoses and the family health care provider thinks
she suffers from anxiety. The psychiatrist prescribes buspirone
(BuSpar) for Betty. Two weeks later, during a home visit to Belly,
the nurse learns, with some probing, that Betty is upset with her
husband for loaning all their savings to the daughter and her
husband to build a new home, while they continue to live in an
older mobile home. At the end of the n nurse's home visit, Betty's
daughter arrives and tells the nurse that she wonders iI Betty is
making any progress. Betty also worries she is not getting better
and asks the nurse about taking some herbal medicines containing
Kava and Passaflora that her sister got from a curandara (folk
healer); her sister wants to take her to see the curandara and have
her do a ritual to cure the evil eye
that was placed on Betty and made her sick.
Can You help me write an SBAR for this case study Thank You
In: Nursing
|
Quantity |
Price |
Marginal Revenue |
Marginal Cost |
Average Total Cost |
|
1 |
230 |
230 |
100 |
150 |
|
2 |
210 |
190 |
100 |
125 |
|
3 |
190 |
150 |
100 |
116.6666667 |
|
4 |
170 |
110 |
100 |
112.5 |
|
5 |
150 |
70 |
100 |
110 |
|
6 |
130 |
30 |
100 |
108.3333333 |
|
7 |
110 |
-10 |
100 |
107.1428571 |
|
8 |
90 |
-50 |
100 |
106.25 |
|
9 |
70 |
-90 |
100 |
105.5555556 |
|
10 |
50 |
-130 |
100 |
105 |
What is the deadweight loss when the monopoly produces the
monopoly Q instead of the socially efficient Q?
The deadweight loss = $_______
In: Economics
Use a 2 step binomial tree to value a new exotic derivative. Draw the tree and label the stock prices and derivative values at each node. The option expires in 6 months. The interest rate is 10% annually continuously compounded. The Strike Price (K) is 100. The spot price is at 100. U= 1.2 and D= 0.8 for each quarterly period. The payoff of this derivative is (ST/K). By this I mean that the payoff is the price of the underlying stock divided by the Strike Price.
In: Finance