1. Luci and Sherry have decided to lease some newly built premises for the purpose of opening a seafood outlet. They intend to provide a wide range of different products, including a variety of seafood for sale and take-away fish and chips.

Discuss the types of economic decisions that they will be required to make, and the information that they will need to make those decisions. Distinguish non-economic and economic information, identify non-economic decisions that they will also be required to make. Discuss why Luci and Sherry may require the services of an accountant.

A recent report claims that non-college graduates get married at an earlier age than college graduates. To support the claim, random samples of size 100 were selected from each group, and the mean age at the time of marriage was recorded. The mean and standard deviation of the non-college graduates were 22.5 years and 1.4 years respectively, while the mean and standard deviation of college graduates were 23 years and 1.8 years respectively. Test the hypothesis (the claim being made) of the report.

You stop by a crafts fair and you notice consumers haggling with vendors over prices. What does this tell you about the competitiveness of this market? Suppose you plan to go to a farmers’ market next. Do you expect to find more or less haggling at this market than you did at the crafts fair? Why?

compare and contrast these markets to a non-standardized market where consumers do not perceive sellers as all being the same. Provide an example of a non-standardized market.

The non-binding price floor is the minimum legal price at which a good can be sold ______ the equilibrium price and the non-binding price ceiling is the maximum legal price at which a good can be sold _____ the equilibrium price.

Below: Below

Above: Below

Above: Above

Below: Above

If demand is ________, total revenue stays the same regardless of change in price because total revenue reaches its __________.

Elastic: Maximum

Inelastic: Minimum

Unit-elastic: Maximum

Unit-elastic: Minimum

The following data is from a survey that was conducted in both 1996 and 2001. Did the rates of smoking differ from 1996 to 2001? *Smokers are defined as those who smoke every day. State the Null and Alternative hypothesis. If possible, USING EXCEL, run a CHI square test.

25 players were asked about their salary. They were classified into pitchers and non-pitchers and the following results were obtained:

14 launchers with sample mean of 4,296,106 and sample standard deviation of 4,434,937.
11 non-pitchers with sample mean of 4,167,579 and sample standard deviation of 4,484,641.

Assume that the population deviations are the same.

Considering a significance level of 0.05, what can be concluded (using p-value)? And mention the type of error that is being made.
Construct a confidence interval for the difference in wages of 95%

A bug of a known mass m stands at a distance d from the axis of a non-uniform spinning disk with radius r and unknown rotational inertia I that is rotating at fi revolutions per second. After the bug walks out to the edge of the disk and stands there, the disk rotates at ff revolutions per second.

a. Determine the rotational inertia of the non-uniform disk.

b. Determine the change of kinetic energy in going from the initial to the final situation for the total bug-disk system.

The death rate per 100,000 for lung cancer is 7 among non-smokers and 71 among smokers. The death rate per 100,000 for coronary thrombosis is 422 among non-smokers and 599 among smokers. The prevalence of smoking in the population is 55%.

a. What is the etiologic fraction of disease due to smoking among individuals with lung cancer? 0.90 for lung cancer and 0.29 for coronary thrombosis.

b. What is the etiologic fraction of disease due to smoking among individuals with coronary thrombosis?

Understanding the difference between a cash taxable allowance, a cash taxable benefit and a non-cash taxable benefit is critical when explaining the calculation of net pay to an employee. In your own words, explain whether each allowance and benefit is or is not subject to Canada/Québec Pension Plan (C/QPP) contributions, Employment Insurance (EI) premiums, Québec Parental Insurance Plan premiums and income tax. Provide an example of a cash taxable allowance, a cash taxable benefit and a non-cash taxable benefit.

Refering to the resource entitled: Affirmative Care for Transgender and Gender Non-Conforming People" what current challeneges do transgender and gender non-conforming individuals face when dealing with health or human services? What are some guidelines set forth by the National LGBT Health Education Center (authors of this resource) that can aid health or human services providers in creating an inclusive environment for those who have transitioned their gender or are outside of the traditional genders of men and women?