Are medical students more motivated than law students? A randomly selected group of each were administered a survey of attitudes toward Life, which measures motivation for upward mobility. The scores are summarized below. The researchers suggest that there are occupational differences in mean testosterone level. Medical doctors and university professors are two of the occupational groups for which means and standard deviations are recorded and listed in the following table.
| Group | Sample size | Mean | StDev |
|---|---|---|---|
| Medical | n1=4n1=4 | x¯1=87.01x¯1=87.01 | s1=6.7s1=6.7 |
| Law | n2=10n2=10 | x¯2=85.95x¯2=85.95 | s2=16.5s2=16.5 |
Let us denote:
If the researcher is interested to know whether the mean
testosterone level among medical doctors is higher than that among
university professors, what are the appropriate hypotheses he
should test?
H0:μ1=μ2H0:μ1=μ2 against
Ha:μ1≠μ2Ha:μ1≠μ2.
H0:x¯1=x¯2H0:x¯1=x¯2 against
Ha:x¯1>x¯2Ha:x¯1>x¯2.
H0:x¯1=x¯2H0:x¯1=x¯2 against
Ha:x¯1<x¯2Ha:x¯1<x¯2.
H0:μ1=μ2H0:μ1=μ2 against
Ha:μ1>μ2Ha:μ1>μ2.
H0:x¯1=x¯2H0:x¯1=x¯2 against
Ha:x¯1≠x¯2Ha:x¯1≠x¯2.
H0:μ1=μ2H0:μ1=μ2 against
Ha:μ1<μ2Ha:μ1<μ2.
| Tries 0/3 |
Case 1: Assume that the population standard deviations
are unequal, i.e. σ1≠σ2σ1≠σ2.
What is the standard error of the difference in sample mean
x¯1−x¯2x¯1−x¯2? i.e. s.e.(x¯1−x¯2)=s.e.(x¯1−x¯2)= [answer to 4
decimal places]
| Tries 0/5 |
Rejection region: We reject H0H0 at 1% level of significance
if:
t<−3.05t<−3.05.
t>3.05t>3.05.
t<−2.68t<−2.68.
t>2.68t>2.68.
|t|>3.05|t|>3.05.
None of the above.
| Tries 0/3 |
The value of the test-statistic is: Answer to 3 decimal places.
| Tries 0/5 |
If α=0.01α=0.01, and the p-value is 0.4335, what will be your
conclusion?
There is not enough information to conclude.
Do not reject H0H0.
Reject H0H0.
| Tries 0/3 |
Case 2: Now assume that the population standard
deviations are equal, i.e. σ1=σ2σ1=σ2.
Compute the pooled standard deviation, spooledspooled [answer
to 4 decimal places]
| Tries 0/5 |
Rejection region: We reject H0H0 at 1% level of significance
if:
t>3.05t>3.05.
t<−2.68t<−2.68.
t>2.68t>2.68.
|t|>3.05|t|>3.05.
t<−3.05t<−3.05.
None of the above.
| Tries 0/3 |
The value of the test-statistic is: Answer to 3 decimal places.
| Tries 0/5 |
If α=0.01α=0.01, , and the p-value is 0.4525, what will be your
conclusion?
Reject H0H0.
Do not reject H0H0.
There is not enough information to conclude.
| Tries 0/3 |
In: Statistics and Probability
As a policy Dabsbenzy Company Ltd. uses the straight –
line method of depreciation to
depreciate its fixed assets. It is also a policy of the company to
apportion depreciation in relation
to the number of months the asset is put to use. The company
commenced operations on 1st
January 2014.On 1st January, 2014, the company bought a motor
vehicle with a registration
number AD 11 for GH¢55,000. This was the only motor vehicle which
was used in the business
until 1st July, 2015 when a new one with registration number ARB 22
was purchased for
GH¢65,000. All payments for the motor vehicle were by cheque.
The accountant of the company wrongly used the reducing balance
method of depreciation at a
rate of 20% per annum to depreciate the two vehicles in the
company’s books. This came to light
when the company’s auditors, commenced the first audit of the firm
on 4th January 2016,
Each motor vehicles is estimated to have useful life of five years
and a salvage value of
GH¢5,000.On 30th
September, 2016 after the close of business, the motor vehicle with
registered
number AD 11 was sold leaving ARB 22.
A cash amount of GH¢32,500 was realized from the sale of AD 11.
Dabsbenzy Company Ltd.
Operates its business from rented premises which have all requisite
equipment and fittings. The
only fixed assets of the company were the two motor vehicles. The
profits earned by Dabsbenzy
Company Ltd, for the years ended 31st December, 2014, 2015, and
2016 using the reducing
balance method of depreciation were GH¢41,000, GH¢37,500 and
GH¢42,000 respectively.
Depreciation was apportioned in relationship to the number of
months in a year to which the
asset was used by the business.
You are required to:
a) Re-calculate the profits for the year ended 31st December, 2014,
2015and 2016 respectively
using the straight-line method of depreciation.
b) Show the following accounts as would appear in the books of
Dabsbenzy Company Ltd. after
the depreciation adjustments have been made by the auditors.
(i) Motor Vehicle Disposal Account
(ii) Motor Vehicle Account
(iii) Accumulated Depreciation Account.
c) State the motor vehicle balance as would appear in the statement
of financial position as at
In: Accounting
Real Estate Development
A real estate developer plans to build an apartment building near a major university aimed at generating rental income from graduate students. Four types of apartment are being considered in the planning process: studio apartments and 1, 2 or 3-bedroom units. It is assumed that studio apartments will be 500 sq. ft., 1-bedroom units will be 700 sq. ft., 2-bedroom units will be 800 sq. ft. and 3-bedroom units will be 1,000 sq. ft.
The develop does not believe that the building should have more than 15 1-bedroom units, 20 2-bedroom unit and 5 3-bedroom units. Current zoning restrictions limit the building to 40,000 sq. ft. in total and no more than 45 residential units. A local temporary housing agency has invested in the project, on the condition that it can lease five 1-bedroom units and eight 2-bedroom units for its own clients.
Estimated market rents for apartments are: studio - $350/mo., 1-bedroom - $450/mo., 2-bedroom - $550/mo. and 3-bedroom - $750/mo.
Create a linear spreadsheet model to advise the developer on the optimal design.
What constraints are binding?
In: Finance
language C++
i need output, Pleases
The Josephus problem is named after the historian Flavius Josephus, who lived between
the years 37 and 100 CE. Josephus was a reluctant leader of the Jewish revolt against
the Roman Empire. When it appeared that Josephus and his band were to be captured,
they resolved to kill themselves. Josephus persuaded the group by saying, “Let us commit
our mutual deaths to determination by lot. He to whom the first lot falls, let him be
killed by him that hath the second lot, and thus fortune shall make its progress through
us all; nor shall any of us perish by his own right hand, for it would be unfair if, when
the rest are gone, somebody should repent and save himself” (Flavius Josephus, The
Wars of the Jews, Book III, Chapter 8, Verse 7, tr. William Whiston, 1737). Yet that is
exactly what happened; Josephus was left for last, and he and the person he was to kill
surrendered to the Romans. Although Josephus does not describe how the lots were
assigned, the following approach is generally believed to be the way it was done. People
form a circle and count around the circle some predetermined number. When this number
is reached, that person receives a lot and leaves the circle. The count starts over with
the next person. Using the circular linked list developed in Exercise 6, simulate this problem.
Your program should take two parameters: n, the number of people that start, and
m, the number of counts. For example, try n = 20 and m = 12. Where does Josephus need
to be in the original list so that he is the last one chosen?
In: Statistics and Probability
If you understand the meanings of many words, you can be said to have a "good vocabulary." Words are the basis of thought. We think with words, we understand words, and we communicate with words.
A large vocabulary is a significant asset. It allows us to use precise words that say exactly what we intend. In addition, we understand more effectively what we hear and read. A large vocabulary also enables us to score well on employment and intelligence tests. Lewis M. Terman, who developed the Stanford-Binet IQ tests, believed that vocabulary is the best single indicator of intelligence.
In the business world, where precise communication is extremely important, surveys show a definite correlation between vocabulary size and job performance. Skilled workers, in the majority of cases, have larger vocabularies than unskilled workers. Supervisors usually know the meanings of more words than the workers they direct, and executives generally have larger vocabularies than employees working for them.
Having a good vocabulary at our command doesn't necessarily ensure our success in life, but it certainly gives us an advantage. Improving your vocabulary will help you expand your options in an increasingly complex world.
Vocabulary can be acquired in three ways: accidentally, incidentally, and intentionally. Setting out intentionally to expand your word power is, of course, the most efficient vocabulary-building method. In addition, with all of the technology and tools at our disposal, such as the Internet, Siri, Wikipedia, Dictionary.com, it is easy to look up and expand our vocabulary daily.
Why might it be of value to intentionally expand your vocabulary? Explain.
In: Operations Management
If you understand the meanings of many words, you can be said to have a "good vocabulary." Words are the basis of thought. We think with words, we understand words, and we communicate with words.
A large vocabulary is a significant asset. It allows us to use precise words that say exactly what we intend. In addition, we understand more effectively what we hear and read. A large vocabulary also enables us to score well on employment and intelligence tests. Lewis M. Terman, who developed the Stanford-Binet IQ tests, believed that vocabulary is the best single indicator of intelligence.
In the business world, where precise communication is extremely important, surveys show a definite correlation between vocabulary size and job performance. Skilled workers, in the majority of cases, have larger vocabularies than unskilled workers. Supervisors usually know the meanings of more words than the workers they direct, and executives generally have larger vocabularies than employees working for them.
Having a good vocabulary at our command doesn't necessarily ensure our success in life, but it certainly gives us an advantage. Improving your vocabulary will help you expand your options in an increasingly complex world.
Vocabulary can be acquired in three ways: accidentally, incidentally, and intentionally. Setting out intentionally to expand your word power is, of course, the most efficient vocabulary-building method. In addition, with all of the technology and tools at our disposal, such as the Internet, Siri, Wikipedia, Dictionary.com, it is easy to look up and expand our vocabulary daily.
What are some strategies and methods you might use to expand your vocabulary (intentionally)?
In: Operations Management
Decor Seating Company is currently selling 1,400
oversized bean bag chairs a month at a price of $75 per chair. The variable cost of each chair sold includes $45 to purchase the bean bag chairs from suppliers and a $22 sales commission. Fixed costs are $6,000 per month. The company is considering making several operational changes and wants to know how the change will impact its operating income.
.1.
Prepare the company's current contribution margin income statement.
2.
Calculate the change in operating income that would result from implementing each of the following independent strategy alternatives. Compare each alternative to the current operating income as you calculated in Requirement 1. Consider each alternative separately.
a.
Alternative 1: The company believes volume will increase by 20% if salespeople are paid a commission of 12% of the sales price rather than the current $22 per unit.
b.
Alternative 2: The company believes that spending an additional $4,000 on advertising would increase sales volume by 6%.
c.
Alternative 3: The company is considering raising the selling price to $89, but believes volume would drop by 15% as a result.
d.
Alternative 4: The company would like to source the product from domestic suppliers who charge $13 more for each unit. Management believes that the "Made in the USA" label would increase sales volume by 20% and would allow the company to increase the sales price by $13 per unit. In addition, the company would have to spend an additional $7,000 in marketing costs to get the word out to potential customers of this change.
In: Accounting
The die was cast. Prem Nath Divan, executive chairman of Vertigo, the country’s largest engineering project organization, decided to switch tracks for a career in academics. Divan was still six years short of the company’s retirement age of 65. His premature exit was bound to create a flutter at the Vertigo board. Having joined Vertigo as a management trainee soon after college, he had gradually risen through the hierarchy to take a board position as the marketing director of the firm at 32. He had become the president five years later and the youngest chairman of the company at 45. But, by the time he was 50, the whizkid had acquired a larger than life image of a role model for younger managers and a statesman who symbolized the best and brightest face of Indian management.
On his wife’s suggestion that it would be wise to discuss the move with one of his trusted colleagues before making a formal announcement of his intention to seek premature retirement, Divan called on Ramcharan Saxena, a solicitor who has been on the Vertigo board for over a decade. Sexena was surprised at Divan’s plan. But he was unfazed. “If that is what you want to do for the rest of your life, we can only wish you well”, he told him. “The board will miss you. But the business should go on. We should get down to the task of choosing a successor. The sooner it is done, the better.
“I think the choice is quite obvious, “said Divan, “Ranjan Warrior. He is good and …” Divan was taken aback to see Saxena grimace. “You don’t have anything against him, do you?” he asks him. “No, no,” said Saxena, “He is good. A financial strategist and a visionary. His conceptual skills have served the company well. But he has always had staff role with no line experience. What we need is someone from operations. Like Richard Crasta.”
“Richard known things inside out alright”, said Divan, “But he is just a doer. Not fire in the belly. Vertigo needs someone who understands the value of power and known how to use it. Like me. Like Ranjan.”
“That is just the problem, “said Saxena. “Prem, let me tell you something. Ranjan is a man in your own image. Everyone known that he is your protégé. And are never popular. He has generated a lot of resentment among senior Veritigo executives and there would be a revolt if he were to succeed you. An exodus is something we can’t afford to have on our hands. We should think of someone else in the interest of stability to top management.” Divan could not believe what he heard. He had always prided himself on his hands – on style and thought he had his ear to the ground. “How could I lose touch?” he wondered, somewhat shaken.
“When you are the boss, people accept your authority without question,” continued Saxena. “In any case, you have been successful at Vertigo and it is difficult to argue with success. But the moment you announce your intention to leave, the aura begins to fade away. And in deciding on your successor, the board will seek your opinion, with due regard to your judgment. The board member must do what in their view is right for the company. Having said that, may I also mention that if there is a showdown in the boardroom, you could always choose to stay on ? We would like it. Or we could bring in an outsider.”
“I have finalized my career plans and there is no question of staying on beyond six months from now,” said Divan. “The board is scheduled to meet next month. Let us shelve the matter till then. In the meantime, I rely on you, Ram, to keep this discussion between the two of us.”
“Of course yes,” said Saxena.
On his way home, Divan thought about the matter in detail. Bringing an outsider would undo all his life’s work at Vertigo. There were considerations like cuture and compatibility which were paramount. The chairman had to be an inside man. “Richard lacks stature, “Divan said to himself. “Ranjan is the one I have been grooming, but heavens, the flip side of it all had missed me completely. There is no way I can allow a split at the top just before I quit. I must leave on a high note in my own interest. I must find a way out of he imminent mess.”
Question:
1. What should Divan do?
In: Psychology
An individual invests $2,000 for three years and earns interest at a rate of 2.125%. If interest is compounded quarterly, how much will the individual have after three years?
A. $2,127.50
B. $2,131.29
C. $2,130.94
In: Finance
Discuss the physical, psychological and social impacts on daily livingactivities for the individual with Coronary Heart Disease (CHD).
Discuss preventative, curative and rehabilitative forms of service delivery for the individual with Coronary Heart Disease (CHD).
In: Nursing