Psychologists are interested in finding out what proportion of men and women have ended a budding relationship because a kiss did not go well. A survey was administered to a random sample of adults and asked each individual to disclose whether they ended a budding relationship because a kiss did not go well. The results of the survey are summarized in the table.
|
Men |
Women |
|
|
No |
45 |
39 |
|
Yes |
15 |
21 |
a) Identify whether the sampling method used in this study is independent or dependent. Explain.
b) Obtain a point estimate for the proportion of men who have ended a budding relationship because a kiss did not go well. Obtain a point estimate for the proportion of women who have ended a budding relationship because a kiss did not go well.
c) Does the data suggest that a lower proportion of men have ended a budding relationship because a kiss did not go well than women at the ? = 0.05 level of significance? Use the critical value method. (Show all six steps for hypothesis testing.)
d) Estimate the difference in proportion of men and women who have ended a budding relationship because a kiss did not go well with 90% confidence. Does the sample evidence suggest there is a difference between the two population proportions? If so, interpret and describe the difference by identifying which group has a lower proportion.
In: Statistics and Probability
XYZ Pharmaceutical, Inc. just got FDA approval for their new drug, Viagrina. The company has never paid a dividend, but they expect to pay one for the first time by the end of the year. The expected dividend is $3.00 per share and the company expects that dividend to increase at a rate of 20% for five years. After that, XYZ expects to see its dividend growth limited by the growth rate the US economy, which on average is 4.5% per year. If the required rate of return for other startup pharmaceutical companies like XYZ is 11%, what should be the fair price of XYZ’s stock today?
In: Finance
“Wee shall be as a City upon a Hill,” 1630 - John Winthrop
Summarize the reasoning given by John Winthrop for why humankind is separated into economic and political classes.
According to Winthrop, despite class divisions (or perhaps because of them), how should humans treat each other?
What does Winthrop mean by suggesting that New England is like a “city on a hill”? What does he feel is the responsibility of all New Englanders?
John Winthrop, "A Model of Christian Charity" (1630)
God almighty in His most holy and wise providence hath so disposed of the condition of mankind, as in all times some must be rich, some poor, some high and eminent in power and dignity, others mean and in subjection.
Reason: First, to hold conformity with the rest of His works, being delighted to show forth the glory of His wisdom in the variety and difference of the creatures and the glory of His power, in ordering all these differences for the preservation and good of the whole.
Reason: Secondly, that He might have the more occasion to manifest the work of His spirit. First, upon the wicked in moderating and restraining them, so that the rich and mighty should not eat up the poor, nor the poor and despised rise up against their superiors and shake off their yoke. Secondly, in the regenerate in exercising His graces in them, as in the great ones, their love, mercy, gentleness, temperance, etc., in the poor and inferior sort, their faith, patience, obedience, etc.
Reason: Thirdly, that every man might have need of other, and from hence they might all be knit more nearly together in the bond of brotherly affection. From hence it appears plainly that no man is made more honorable than another, or more wealthy, etc., out of any particular and singular respect to himself, but for the glory of his creator and the common good of the creature, man.
Thus stands the cause between God and us. We are entered into covenant with Him for this work, we have taken out a commission, the Lord hath given us leave to draw our own articles we have professed to enterprise these actions upon these and these ends, we have hereupon besought Him of favor and blessing. Now if the Lord shall please to hear us, and bring us in peace to the place we desire, then hath He ratified this covenant and sealed our commission, [and] will expect a strict performance of the articles contained in it, but if we shall neglect the observations of these articles which are the ends we have propounded, and dissembling with our God, shall fall to embrace this present world and prosecute our carnal intentions seeking great things for ourselves and our posterity, the Lord will surely break out in wrath against us, be revenged of such a perjured people, and make us know the price of the breach of such a covenant.
Now the only way to avoid this shipwreck and to provide for our posterity is to follow the counsel of Micah, to do justly, to love mercy, to walk humbly with our God. For this end we must be knit together in this work as one man, we must entertain each other in brotherly affection, we must be willing to abridge ourselves of our superfluities for the supply of others' necessities, we must uphold a familiar commerce together in all meekness, gentleness, patience, and liberality, we must delight in each other, make others' conditions our own, rejoice together, mourn together, labor and suffer together, always having before our eyes our commission and community in the work, our community as members of the same body So shall we keep the unity of the spirit in the bond of peace. The Lord will be our God and delight in all our ways, so that we shall see much more of His wisdom, power, goodness, and truth than formerly we have been acquainted with. We shall find that the God of Israel is among us, when ten of us shall be able to resist a thousand of our enemies, when He shall make us a praise and glory, that men shall say of succeeding plantations, the Lord make it like that of New England. For we must consider that we shall be as a city upon a hill, the eyes of all people are upon us. So that if we shall deal falsely with our God in this work we have undertaken and so cause Him to withdraw His present help from us, we shall be made a story and byword throughout the world, we shall open the mouths of enemies to speak evil of the ways of God and all professors for God's sake, we shall shame the faces of many of God's worthy servants, and cause their prayers to be turned into curses upon us till we be consumed out of the good land whither we are going. And to shut up this discourse with that exhortation of Moses, that faithful servant of the Lord in His last farewell to Israel, Deut. 30., Beloved there is now set before us life and good, death and evil, in that we are commanded this day to love the Lord our God, and to love one another, to walk in His ways and to keep His commandments and His ordinance, and His laws, and the articles of our covenant with Him that we may live and be multiplied, and that the Lord our God my bless us in the land whither we go to possess it. But if our hearts shall turn away so that we will not obey, but shall be seduced and worship other Gods, our pleasures, our profits, and serve them, it is propounded unto us this day we shall surely perish out of the good land whither we pass over this vast sea to possess it. Therefore let us choose life, that we, and our seed, may live, and by obeying His voice, and cleaving to Him, for He is our life and our prosperity.
In: Psychology
Complete Accounting Cycle
For the past several years, Jeff Horton has operated a part-time consulting business from his home. As of April 1, 20Y6, Jeff decided to move to rented quarters and to operate the business, which was to be known as Rosebud Consulting, on a full-time basis. Rosebud entered into the following transactions during April:
| Apr. 1. | The following assets were received from Jeff Horton in exchange for common stock: cash, $20,000; accounts receivable, $14,700; supplies, $3,300; and office equipment, $12,000. There were no liabilities received. | |
| 1. | Paid three months’ rent on a lease rental contract, $6,000. | |
| 2. | Paid the premiums on property and casualty insurance policies, $4,200. | |
| 4. | Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $9,400. | |
| 5. | Purchased additional office equipment on account from Smith Office Supply Co., $8,000. | |
| 6. | Received cash from clients on account, $11,700. | |
| 10. | Paid cash for a newspaper advertisement, $350. | |
| 12. | Paid Smith Office Supply Co. for part of the debt incurred on April 5, $6,400. | |
| 12. | Recorded services provided on account for the period April 1–12, $21,900. | |
| 14. | Paid receptionist for two weeks’ salary, $1,650. |
| Record the following transactions on Page 2 of the journal: | ||
| 17. | Recorded cash from cash clients for fees earned during the period April 1–16, $6,600. | |
| 18. | Paid cash for supplies, $725. | |
| 20. | Recorded services provided on account for the period April 13–20, $16,800. | |
| 24. | Recorded cash from cash clients for fees earned for the period April 17–24, $4,450. | |
| 26. | Received cash from clients on account, $26,500. | |
| 27. | Paid receptionist for two weeks’ salary, $1,650. | |
| 29. | Paid telephone bill for April, $540. | |
| 30. | Paid electricity bill for April, $760. | |
| 30. | Recorded cash from cash clients for fees earned for the period April 25–30, $5,160. | |
| 30. | Recorded services provided on account for the remainder of April, $2,590. | |
| 30. | Paid dividends, $18,000. | |
Required:
1. Journalize each transaction in a two-column journal starting on Page 1, referring to the following chart of accounts in selecting the accounts to be debited and credited. If there is more than one entry on the same date, be sure to enter the transactions in the exact order as presented in the data. (Do not insert the account numbers in the journal at this time.) If an amount box does not require an entry, leave it blank.
| 11 | Cash | 31 | Common Stock | |
| 12 | Accounts Receivable | 32 | Retained Earnings | |
| 14 | Supplies | 33 | Dividends | |
| 15 | Prepaid Rent | 41 | Fees Earned | |
| 16 | Prepaid Insurance | 51 | Salary Expense | |
| 18 | Office Equipment | 52 | Supplies Expense | |
| 19 | Accumulated Depreciation | 53 | Rent Expense | |
| 21 | Accounts Payable | 54 | Depreciation Expense | |
| 22 | Salaries Payable | 55 | Insurance Expense | |
| 23 | Unearned Fees | 59 | Miscellaneous Expense |
In: Accounting
Suppose that an individual has strong social convictions favoring companies that use "green" production techniques to preserve the environment. Then a particularly attractive choice for them in their long-tern investments would be
| a. |
Certificates of Deposit. |
|
| b. |
US Savings Bonds. |
|
| c. |
income mutual funds. |
|
| d. |
growth mutual funds. |
|
| e. |
socially conscious mutual funds. |
Junk bonds have
| a. |
relatively higher bond ratings and pay relatively higher interest rates. |
|
| b. |
relatively higher bond ratings and pay relatively lower interest rates. |
|
| c. |
relatively lower bond ratings and pay relatively higher interest rates. |
|
| d. |
relatively lower bond ratings and pay relatively lower interest rates. |
|
| e. |
mediocre ratings and pay interest rates close to the market average. |
If an investor wants a mutual fund that contains both bonds and stocks, the investor will seek a
| a. |
money market mutual fund. |
|
| b. |
sector mutual fund. |
|
| c. |
balanced mutual fund. |
|
| d. |
equity-income mutual fund. |
|
| e. |
growth mutual fund. |
In: Finance
Traditional marketing method of sending millions of customers the same advertisement is getting out of date as social media and mobile technologies enable us to communicate with each of the millions of customers and if necessary we can create one million different advertisements (I know, this is an extreme case but it really is possible to do this), customizing each advertisement to the individual consumer’s age, gender, lifestyle, culture, income level, etc. Pick any product or service and create two different advertisements involving retired people versus young single working females in your home country. Then create similarly two advertisements for a second country. Your student numbers last digit on the right will determine your second country. ( 1 China, 2 Korea, 3 Japan, 4 Italy, 5 Germany, 6 Sweden, 7 United Kingdom, 8 Brazil, 9 USA). Describe your advertisements in detail with at least 500 words for each, explaining why that advertisement will be liked by the target market audience in terms of its message and content.
In: Operations Management
The US is a net debtor because they import more than they export? Foreigners own more US assets than the US owns foreign assets. Correct? Is a net debtor always running a current account deficit?
In: Finance
Q.Explain the flaws in the following analysis or conclusion. (Note that this is not about chi-squared test per se, perhaps, it is about what a statistical analysis (hypothesis testing in this case) can tell us and what it cannot) Background - The Scholarship Committee comprises 3 faculty members, one of whom is Professor X. Professor X also wrote recommendation letter for 5 students who took his class earlier and four of them were awarded scholarships (out of a total of six scholarships awarded to graduate students). A student who applied but was not awarded a scholarship accused Professor X of favoritism, claiming that he/she was denied a scholarship despite having a very high GPA because he/she did not take class under Professor X and had declined him/her a recommendation letter. The student then did following statistical analysis as an evidence of favoritism . The student runs a Chisq-test and his result shows not independent between students who took class under Professor X and Students got scholarship. H0: students who get scholarship is independent with whether they have taken class under Professor X H1: not independent # Let total number of students who applied for scholarship is 70, and only 5 people get the scholarship, conservatively estimate only 3 out of 5 students took Class with ProfessorX, the other two selected did not take Class with ProfessorX # chisquare test shows the p-value <0.05, thus we reject H0 at .05 level and conclude students who got scholarship was affected by whether they have class under Professor X #student in addition tests , how about the total applicants were 60, or 80? and find out either case we reject H0, they are not independent.
In: Statistics and Probability
Q.Explain the flaws in the following analysis or
conclusion. (Note that this is not about chi-squared test per se,
perhaps, it is about what a statistical analysis (hypothesis
testing in this case) can tell us and what it
cannot)
Background - The Scholarship Committee comprises 3
faculty members, one of whom is Professor X. Professor X also wrote
recommendation letter for 5 students who took his class earlier and
four of them were awarded scholarships (out of a total of six
scholarships awarded to graduate students). A student who applied
but was not awarded a scholarship accused Professor X of
favoritism, claiming that he/she was denied a scholarship despite
having a very high GPA because he/she did not take class under
Professor X and had declined him/her a recommendation letter. The
student then did following statistical analysis as an evidence of
favoritism .
The student runs a Chisq-test and his result shows not independent
between students who took class under Professor X and Students got
scholarship.
H0: students who get scholarship is independent with whether they have taken class under Professor X
H1: not independent
# Let total number of students who applied for scholarship is 70,
and only 5 people get the scholarship, conservatively estimate
only
3 out of 5 students took Class with ProfessorX, the other two
selected did not take Class with ProfessorX
# chisquare test shows the p-value <0.05, thus we reject H0 at .05 level and conclude students who got scholarship was affected by whether they have class under Professor X
#student in addition tests , how about the total applicants were
60, or 80?
and find out either case we reject H0, they are not
independent.
In: Statistics and Probability
Q.Explain the flaws in the following analysis or conclusion. (Note that this is not about chi-squared test per se, perhaps, it is about what a statistical analysis (hypothesis testing in this case) can tell us and what it cannot) Background - The Scholarship Committee comprises 3 faculty members, one of whom is Professor X. Professor X also wrote recommendation letter for 5 students who took his class earlier and four of them were awarded scholarships (out of a total of six scholarships awarded to graduate students). A student who applied but was not awarded a scholarship accused Professor X of favoritism, claiming that he/she was denied a scholarship despite having a very high GPA because he/she did not take class under Professor X and had declined him/her a recommendation letter. The student then did following statistical analysis as an evidence of favoritism . The student runs a Chisq-test and his result shows not independent between students who took class under Professor X and Students got scholarship. H0: students who get scholarship is independent with whether they have taken class under Professor X H1: not independent # Let total number of students who applied for scholarship is 70, and only 5 people get the scholarship, conservatively estimate only 3 out of 5 students took Class with ProfessorX, the other two selected did not take Class with ProfessorX # chisquare test shows the p-value <0.05, thus we reject H0 at .05 level and conclude students who got scholarship was affected by whether they have class under Professor X #student in addition tests , how about the total applicants were 60, or 80? and find out either case we reject H0, they are not independent.
In: Advanced Math