You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. Interpret the results and compare the widths of the confidence intervals. If convenient, use technology to construct the confidence intervals.
A random sample of 55 home theater systems has a mean price of $136.00. Assume the population standard deviation is $18.60.
a) The 90% confidence interval is ____
b) The 95% confidence interval is ____
c) Interpret the results. Choose the correct answer below.
a.
With 90% confidence, it can be said that the population mean price lies in the first interval. With 95% confidence, it can be said that the population mean price lies in the second interval. The 95% confidence interval is wider than the 90%.
b.
With 90% confidence, it can be said that the sample mean price lies in the first interval. With 95% confidence, it can be said that the sample mean price lies in the second interval. The 95% confidence interval is wider than the 90%.
c.
With 90% confidence, it can be said that the population mean price lies in the first interval. With 95% confidence, it can be said that the population mean price lies in the second interval. The 95% confidence interval is narrower than the 90%.
In: Statistics and Probability
Java- Fill in the blanks
Print numbers 0, 1, 2, ..., userNum as shown, with each number indented by that number of spaces. For each printed line, print the leading spaces, then the number, and then a newline. Hint: Use i and j as loop variables (initialize i and j explicitly). Note: Avoid any other spaces like spaces after the printed number. Ex: userNum = 3 prints:
0 1 2 3
--------------------------------------------
public class NestedLoop {
public static void main (String [] args) {
int userNum = 0;
int i = 0;
int j = 0;
/* Your solution goes here */
return;
}
}
----------------------------------------------------
Given numRows and numCols, print a list of all seats in a theater. Rows are numbered, columns lettered, as in 1A or 3E. Print a space after each seat, including after the last. Use separate print statements to print the row and column. Ex: numRows = 2 and numCols = 3 prints:
1A 1B 1C 2A 2B 2C
-----------------------------------------------------------
public class NestedLoops {
public static void main (String [] args) {
int numRows = 2;
int numCols = 3;
// Note: You'll need to declare more variables
/* Your solution goes here */
System.out.println("");
return;
}
}
In: Computer Science
For each of the following anecdotes, briefly explain (i) why the described is potentially inconsistent with standard economic theory and (ii) why it is potentially consistent with a behavioral theory we learned in this course.
(a) Some students who were about to buy a ticket to a campus theater group were randomly selected and given a discount. Those who were given the discount were much more likely to buy a ticket for a second showing.
(b) The AARP recently asked a series of prominent lawyers to provide services for retirees at a highly discounted rate of $30 an hour. Very few lawyers agreed to do so. Then, the AARP simply asked the lawyers to volunteer their time for free to help the same retirees. At that point, many lawyers agreed to help out
(c) A bank offers two types of savings accounts, called Gold and Silver. The two types of accounts give the same rate of return, but the Silver account does not allow you to withdraw any money for six months. The bank manager is surprised when many people sign up for the Silver account.
(d) Cab drivers in New York City work longer hours on warm, sunny days (when their per-hour wage is low).
In: Economics
Scenario 1 - Ethical Dilemma - Reclassify Employees
You are on the management team of Crystal Clear Electronics (CCE) Inc., a company that specializes in high-quality home theater systems. In addition to selling these systems, CCE provides custom installation on all purchases and is known for the professionalism of its installation staff. This reputation is due to the rigorous policies its home installation staff must follow. All employees are required to attend bi-monthly training sessions, wear CCE uniforms, observe the installation dates and times agreed on by CCE and the customer, and follow any instructions given by CCE as to how to perform the installation.
Faced with shrinking margins and cash flow problems, CCE is looking to cut costs and increase cash flows. You realize that by reclassifying the installation staff as independent contractors, CCE will be able to accomplish both objectives. Because the installation staff would be independent contractors, the company would not have to pay payroll taxes, social security, and Medicare expenses. The reduction in these costs and the corresponding increase in cash flow would certainly help the company's liquidity. Furthermore, such a change would not affect the quality of the service provided and would be virtually invisible to customers.
Question: Discuss the ethical implications of this reclassification.
In: Accounting
Please read the case study entitled “Casinos and Crime” that you find in the reading assignment. Based on what you have learned in this unit, answer the following questions: 1. In most casino states and counties, laws protect owners from liability claims arising from problems caused by gambling. In ethical terms, however, if you’re the sole proprietor of the casino, do you feel any responsibility for this episode? Why or why not? If you feel any responsibility, to whom would it be? What could you do to set things right? 2. You’re an equal partner in a nonprofit organization that runs the casino to support the cause of building schools for children in impoverished sections of Peru. You spend a few months every year down there building schools and giving free English-language classes. In ethical terms (and regardless of what the law allows), do you believe anyone involved in this episode should be able to sue you personally for their suffering? Why or why not? 3. Say that the casino under discussion in this set of questions is the MGM Grand Hotel and Casino in Las Vegas, which is owned by a large, public corporation. You have five shares of stock inherited a few years ago when a relative died. You are legally protected from liability claims. In ethical terms, however, do you believe that anyone involved in this episode should be able to sue you personally—or just plain blame you—for their suffering? Why or why not? 4. Pigouvian taxes (named after economist Arthur Pigou, a pioneer in the theory of externalities) attempt to correct externalities—and so formalize a corporate social responsibility—by levying a tax equal to the costs of the externality to society. The casino, in other words, that causes crime and other problems costing society, say, $1 million should pay a $1 million tax. In terms of casinos, would such a tax more or less satisfy any ethical claim that could be made against them for the social problems they cause? Why or why not? https://2012books.lardbucket.org/books/business-ethics/s17-05-case-studies.html
In: Psychology
Using Quartus to design a stopwatch that can display tenths of seconds, minutes, and hours, with the gaps between HEX displays splitting the time units (i.e. minutes on HEX[5..4], hours on HEX[7..6]). Have the stopwatch cycle through 3 states of a state machine with a pushbutton. The 3 states are counter-clear, counter-start, and counter-stop
In: Electrical Engineering
i) Discuss the national plans and policies of ASEAN member states relevant to the growth of Renewable Energy towards regional sustainable development. How would Malaysia play a role in achieving this? You are allowed to include case studies as proof of existing schemes.
ii) Identify the economic enablers to propel Renewable Energy growth at each ASEAN member states.
In: Mechanical Engineering
LGBT rights differ depending on the country and even the state in which you live in. Choose two countries OR choose two states. List and then describe two areas in which LGBT rights differ in those two countries or those two states. Make sure to explain why these differences are important.
ANSWER MUST BE 300 WORDS AND REFERENCE MUST BE PROVIDED
In: Psychology
1. The experiences of sleeping, dreaming, and experiencing altered states of consciousness have fascinated people for many years. Explain what each is and how each of the following relates to contemporary research and theory about sleeping, dreaming, and altered states of consciousness.
a. Sleep debt
b. Activation-synthesis theory
c. Insomnia
d. Physical addictions
e. Opiates
In: Psychology
Ampere's Law for a long wire states that magnetic field is directly proportional to current and inversely proportional to the distance for the wire. True or False.
Ampere's Law for a loop wire states that magnetic field is indirectly proportional to current and directly proportional to the radius of the loop. True or False.
Ohm's Law is true regardless of the nature of the electric circuit. True or False
Thank you!
In: Physics