1–4 PART A - PLAN
The situation is as follows: With the cost of attendance rising, BYU administrators are worried that BYU students are graduating with more and more debt. In a random sample of 312 BYU undergraduate students who graduated in April 2019, 145 of them reported having student debt. Is there sufficient evidence to conclude that less than half of BYU undergraduate students who graduated in April 2019 have student debt? Use a 5% significance level. SHOW YOUR WORK IN ALL THE STEPS. ANSWERS WITHOUT SOLUTIONS WILL ONLY GET PARTIAL CREDIT.
As an example, if you were to take the square root of (2+2) / 3, please write it as sqrt((2+2)/3) when showing work.
1. State the name of the appropriate test procedure you will use (e.g., one-sample t test for means). (1pt)
2. Describe the parameter of interest in the context of the problem. (1 pt)
3. State the null and alternative hypotheses. (2 pts)
4. Write down the significance level. (1 pt.)
5. List and check the conditions for the test procedure you named above. (4 pts)
6. Obtain the value of the sample proportion (Round your answer to FOUR decimal places). Show your work. (1 pt)
7. Write the calculated test statistic (including your calculations) and its associated p-value using the appropriate table, not from statistical software. Round your final answer for the test statistic to two decimal places. Show formula and calculations. (2 pts)
8. Answer the question posed in the STATE step in context. Do this by including these three parts in your conclusion (3 pts): Compare p-value with α Decide whether to reject or fail to reject the null hypothesis State your conclusion in context.
Part B
The situation is as follows: With the cost of attendance rising, BYU administrators are worried that BYU students are graduating with more and more debt. In a random sample of 312 BYU undergraduate students who graduated in April 2019, 145 of them reported having student debt. Calculate a 98% confidence interval estimate for the proportion of BYU undergraduate students who graduated in April 2019 who have student debt. SHOW YOUR WORK IN ALL THE STEPS. ANSWERS WITHOUT SOLUTIONS WILL ONLY GET PARTIAL CREDIT.
As an example, if you were to take the square root of (2+2) / 3, please write it as sqrt((2+2)/3) when showing work.
9. State the name of the appropriate estimation procedure (e.g. one-sample t confidence interval for estimating the mean difference). (1 pt) (Note) You have already described the parameter being estimated in part A, so you don't have to repeat it here.
10. You have already listed the conditions, now check the condition for the normality of the sampling distribution of p-hat for confidence interval estimation. (1 pt.)
11. Write down the confidence level and the z* critical value. (2 pts.)
12. Calculate the confidence interval in interval form. Be sure to show your work. Round your final answer for the lower and upper limits to three decimal places. (2 pts)
13. Interpret your confidence interval in context. Do this by including these three parts in your conclusion (3 pts): Level of confidence Parameter of interest in context The interval estimate
In: Statistics and Probability
1. What is opportunity cost and why is it an important concept in the capital budgeting process? The opportunity cost concept applies to almost every financial decision we make as individuals. Can you give an example from your own experience? 2. What is capital rationing from the perspective of capital budgeting? 3. Give an example of a strength and a weakness of the accounting rate of return approach
In: Finance
Buch Company acquired a piece of equipment in Year 1 at a cost of $100,000. The equipment has a 10-year estimated life, zero salvage value, and is depreciated on a straight-line basis. Technological innovations take place in the industry in which the company operates in Year 3. Buch gathers the following information for this piece of equipment at the end of Year 3: Expected future undiscounted cash flows - $75,000 Present value of expected future cash flows - $55,000 Net selling price - $63,000 What is the impairment loss under U.S. GAAP? Question 8 options: $0.
$15,000.
$7,000.
$9,000.
In: Accounting
A project has an initial cost of $148,400 and is expected to produce cash inflows of $56,500, $69,540, and $97,867 over the next three years, respectively. What is the discounted payback period if the required rate of return is 10 percent?
A. 2.12 years B. 2.54 years C. 2.91 years D. 1.88 years
In: Finance
With cost and adaptation pressures and their
Implications for International Strategies in mind, discuss the
approach Mcdonald might take when entering a North American market
versus Middle Eastern market.
With cost and adaptation pressures and their
Implications for International Strategies in mind, discuss the
approach Mcdonald might take when entering a North American market
versus Middle Eastern market.
In: Operations Management
What is a major corporate cost decision that has been discussed in the media in the past 6-12 months?
In: Accounting
A company wants to buy a new management information system. The cost of the system is $10 million, with an additional $1,000,000 for delivery/installation. Immediate net working capital of $500,000 and an additional net working capital investment of $250,000 at the end of year one. The system has a life of 10 years. It will be depreciated as a 7-year asset under MACRS rules. Salvage value is $1,000,000 at end of 10 years. Tax rate is 24 percent. Rate of return is 16%.
New system will save $2,400,000 per year. Costs are $500,000 during the first year, and will increase by 6% per year for the ten year period. Sales price is $15 per unit of computer time and sales are expected to be 170,000 units. After the first year, demand for computer time will decline by 5% per year. An additional $400,000 per year in computer operating costs will be charged and will increase by 6% annully over the ten years.
Calculate the NPV.
In: Finance
Bonita Co. is building a new hockey arena at a cost of $2,620,000. It received a downpayment of $450,000 from local businesses to support the project, and now needs to borrow $2,170,000 to complete the project. It therefore decides to issue $2,170,000 of 11%, 10-year bonds. These bonds were issued on January 1, 2016, and pay interest annually on each January 1. The bonds yield 10%.
Assume that on July 1, 2019, Bonita Co. redeems half of the bonds at a cost of $1,139,500 plus accrued interest. Prepare the journal entry to record this redemption. (Round answers to 0 decimal places, e.g. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
In: Accounting
Summit Systems has an equity cost of capital of 11.5 % , will pay a dividend of $1.00 in one year, and its dividends had been expected to grow by 7.0 % per year. You read in the paper that Summit Systems has revised its growth prospects and now expects its dividends to grow at a rate of 2.5 % per year forever
a. What is the drop in value of a share of Summit Systems stock based on this information?
b. If you tried to sell your Summit Systems stock after reading this news, what price would you be likely to get? Why?
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why legislative attempt to address only the cost of health care and not the quality and access to healthcare
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