Which of the following are properties of the phage library used by researchers to identify "Area Codes" of specific tissues? There is one correct answer.

Assume that an individual wins a lottery. Assume also that the individual was working before the lottery win and had no other nonlabor income before the lottery win.

a) Using the basic static model of individual labour supply, discuss both graphically and explain in your own words how the lottery win will affect the individual’s level of hours worked. Discuss all relevant effects.

b) Is it possible that the individual decides to stop working following the lottery win? In your answer discuss the concept of reservation wages and add the individual’s reservation wage before and after the lottery win to your graph.

Assume that an individual wins a lottery. Assume also that the individual was working before the lottery win and had no other nonlabor income before the lottery win.

a) Using the basic static model of individual labour supply, discuss both graphically and explain in your own words how the lottery win will affect the individual’s level of hours worked. Discuss all relevant effects.

b) Is it possible that the individual decides to stop working following the lottery win? In your answer discuss the concept of reservation wages and add the individual’s reservation wage before and after the lottery win to your graph.

Assume that an individual wins a lottery. Assume also that the individual was working before the lottery win and had no other nonlabor income before the lottery win.

a) Using the basic static model of individual labour supply, discuss both graphically and explain in your own words how the lottery win will affect the individual’s level of hours worked. Discuss all relevant effects.

b) Is it possible that the individual decides to stop working following the lottery win? In your answer discuss the concept of reservation wages and add the individual’s reservation wage before and after the lottery win to your graph.

Question 5 (1 point)

A student at a university wants to determine if the proportion of students that use iPhones is less than 0.46. The hypotheses for this scenario are as follows. Null Hypothesis: p ≥ 0.46, Alternative Hypothesis: p < 0.46. If the student takes a random sample of students and calculates a p-value of 0.8906 based on the data, what is the appropriate conclusion? Conclude at the 5% level of significance.

Question 5 options:

Question 6 (1 point)

You hear on the local news that for the city of Kalamazoo, the proportion of people who support President Trump is 0.37. However, you think it is greater than 0.37. The hypotheses you want to test are Null Hypothesis: p ≤ 0.37, Alternative Hypothesis: p > 0.37. You take a random sample around town and calculate a p-value for your hypothesis test of 0.9793. What is the appropriate conclusion? Conclude at the 5% level of significance.

Question 6 options:

Question 7 (1 point)

A medical researcher wants to determine if the average number of days spent in the hospital after a certain procedure is different from 9.8 days. If the researcher conducts a hypothesis test, what will the null and alternative hypotheses be?

Question 7 options:

Question 8 (1 point)

Consumers Energy states that the average electric bill across the state is $39.09. You want to test the claim that the average bill amount is actually different from $39.09. What are the appropriate hypotheses for this test?

Question 8 options:

1. Alicia received dividends on her stocks as follows.

Qualified Dividends

—Steinlager (a New Zealand corp. whose stock is traded               on an established US securities market) $45,000

—Star Inc, a Virginia Corp   11,000

Non-Qualifying Dividends

—Blaze Inc, a Delaware Corp   23,000

1. Alicia (single) purchased the Star stock four years ago, and she purchased the Steinlager stock two years ago. She purchased the Blaze stock 15 days before it went ex-dividend and sold it 20 days later at a $28,000 loss. Alicia had no other capital gains and losses for the year. She is in the 32% marginal tax bracket. Compute Alicia’s tax on her dividend income. Also, will she be able to deduct the entire capital loss from the Blaze stock?

Alicia’s daughter (single), who is not her dependent, had taxable income of $18,000, which included $3,000 of dividends on separate shares of Star, Inc stock. The daughter had purchased the stock two years ago. Compute the daughter’s tax liability on the dividends.

1- The insurance program designed to provide medical treatment and temporary payments to employees who cannot work because of an employment-related injury or illness is:

A. Unemployment insurance

B. Portability option

C. Social Security disability

D. Government disability insurance

E. Workers’ compensation

2- In an HMO, the patient pays a _________ each time he or she visits.

A. prepayment

B. copayment

C. referral

D. reverse insurance

E. facility payment

3- The employer and employee each pay a tax of about _____ percent of the employee’s paycheck into Social Security for OASDI only?

A. 7.9%

B. 5%

C. 10.3%

D. 6.2%

E. 12.4%

4- What type of insurance account allows the employer and employee to fund a medical savings account from which the employee can pay medical expenses in pretax dollars?

A. OPE

B. HSA

C. EME

D. GEN

E. MEP

5- ____________________ are a tool that will allow us to provide greater rewards to the best people in the organization.

A. Incentives

B. Variables

C. Compensators

D. Motivators

Bang Corporation provides two-weeks of vacations to its employees, which can be carried over for 1-year if not taken in the year that they were earned.  Bang employees earn an average of $1,200 per week, and at the end of 2018 employees had earned 300 weeks of vacation that were vested but had not been taken. Assume that wage rates for employees had risen by 2% by the time this vacation was taken in 2019 and that total wages earned in 2019 (including vacation pay) were $24.5 million.  

Prepare a journal entry that summarizes 2019 wages and the payment for 2018 vacations taken in 2019.