Questions
Not sure about question f-j . looking to confirm my answers with someone Health spending per...

Not sure about question f-j . looking to confirm my answers with someone

Health spending per person from a random sample of 20 countries is shown below.

Country

Per capita health expenditure in 2010

Bahrain

868

Belarus

324

Belize

243

Brunei Darussalam

886

Colombia

476

Congo, Rep.

76

Cote d’Ivorie

64

Cuba

611

Finland

3988

Germany

4672

Guinea-Bissau

51

Guyana

184

Jamaica

247

Lesotho

113

Malta

1701

Morocco

152

Namibia

365

Phillipines

81

Qatar

1493

Saudi Arabia

684

  1. Create a histogram by hand for the frequencies of the per capita health expenditure data.
  2. What feature or features of this distribution indicate that the data are likely not from a population having a normal distribution?
  3. What features of this distribution make it a good candidate to try a log transformation?
  4. Calculate the natural log transformation for each data point of the sample. Create a new histogram with this transformed data, by hand.
  5. What is the sample size?
  6. What is the mean of the log health expenditure?
  7. What is the standard deviation of the mean log health expenditure?
  8. Calculate the standard error of the mean log health expenditure.
  9. Calculate the 95% confidence interval for the mean log health expenditure and interpret it in full sentences.
  10. What are the 95% confidence intervals on the non-log scale? Convert back the two values in your confidence interval.

In: Math

How do you calcuate the Fixed Overhead (FOH) spending variance and the Fixed Overhead (FOH) production...

How do you calcuate the Fixed Overhead (FOH) spending variance and the Fixed Overhead (FOH) production volume variance given the following information:

(budgeted assembly time is 2 hrs per unit of output)

Actual Results Static Budget
Number of fans assembled $ sold 220 fans 150 fans
Hours of assembley time 396 hours         -
Variable Overhead (VOH) cost per hr of assembly time           - $ 31.00
VOH costs $ 12,693           -
FOH cost $ 15,510 $ 14,100

In: Accounting

Exercise 9-13 Revenue and Spending Variances [LO9-3] Lavage Rapide is a Canadian company that owns and...

Exercise 9-13 Revenue and Spending Variances [LO9-3]

Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides data concerning the company’s costs:

Fixed Cost
per Month
Cost per
Car Washed
Cleaning supplies $ 0.50
Electricity $ 1,000 $ 0.09
Maintenance $ 0.25
Wages and salaries $ 4,300 $ 0.20
Depreciation $ 8,500
Rent $ 1,900
Administrative expenses $ 1,600 $ 0.03

For example, electricity costs are $1,000 per month plus $0.09 per car washed. The company expects to wash 8,500 cars in August and to collect an average of $6.10 per car washed.

The actual operating results for August are as follows:

Lavage Rapide
Income Statement
For the Month Ended August 31
Actual cars washed 8,600
Revenue $ 53,950
Expenses:
Cleaning supplies 4,750
Electricity 1,735
Maintenance 2,365
Wages and salaries 6,360
Depreciation 8,500
Rent 2,100
Administrative expenses 1,755
Total expense 27,565
Net operating income $ 26,385

Required:

Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

In: Accounting

Topic: Fiscal Policy EXPANSIONARY FISCAL POLICY (deficit spending): When (at which phase of business cycle) is...

Topic: Fiscal Policy
EXPANSIONARY FISCAL POLICY (deficit spending):
When (at which phase of business cycle) is it used?
What is expected as the policy outcomes?
Output (GDP):
Unemployment:
Price level:
How does interest rate increase under this policy?
- CROWDING-OUT EFFECT
Causes: Increase in interest rate
Effects/Outcomes:
- NET EXPORT EFFECT
Causes: Increase in interest rate
Effects/Outcomes:
CONTRACTIONARY FISCAL POLICY
When (at which phase of business cycle) is it used?
What is expected as the policy outcomes?
Output (GDP):
Unemployment:
Price level:
How does interest rate decrease under this policy?
- NET EXPORT EFFECT
Causes: Increase in interest rate
Effects/Outcomes:

In: Economics

"Health Care Reform - Why spending more will get you less" Your submission must contain the...

"Health Care Reform - Why spending more will get you less" Your submission must contain the following issues: a) the uninsured; b) what is causing the increasing in health care costs; c) health care reform; d) the Moral Hazard problem; e) will extra preventive care cut costs Instructions: 1. You must cite 2 current sources (within 2 years) and your book or any other textbook, Wikipedia, or any other reference material cannot be used as any of the sources. Sources should be cited according to APA

In: Economics

Question 5 Consider a simple Keynesian model without government spending or taxation. Suppose autonomous consumption is...


Question 5
Consider a simple Keynesian model without government spending or taxation. Suppose autonomous consumption is 500 and autonomous investment is 300 and the equilibrium level of output is 2400.Then the marginal propensity to consume is:

a. 2/3
b. 3/5
c. Uncertain,not enough information
d. 3

Question 6
Suppose real GDP is growing at 4%per year and velocity is stable.According to the quantity theory of money,a central bank that wants to achieve inflation of 2%per year should:

a. Shrink the money supply at 2%per year
b. Expand the money supply at 2% per year
c. Keep the money supply constant
d. None of the other options

Question 7
Over time,the amount of government debt can decrease and yet the debt-to-GDP ratio can increase:
A. If GDP is growing at a rate faster than the decrease in the amount of government debt
B. None of the other options
C. If the rate at which GDP falls is faster than the rate at which government debt falls
D. If the government is running a sufficiently large(total)budget surplus

Question 8
In a(n)______open market operation,the Reserve Bank______ the money supply by making an open market______of bonds in the overnight interbank market.

A. expansionary,increases,sale
B. contractionary,reduces,purchase
C. expansionary,reduces,purchase
D. contractionary,reduces,sale

In: Economics

In 2009, President Obama with Congressional approval increased government spending and decreased lump-sum taxes in response...

  1. In 2009, President Obama with Congressional approval increased government spending and decreased lump-sum taxes in response to the financial crisis.  
    1. Graph and explain what happens in both the ISLM model and the ADAS model (with the upward sloping SRAS curve) in the short run. Be sure to discuss real output, real interest rate and the price level in your answer.
    2. Graph and explain what happens in the long run if the Fed does not change monetary policy. Be sure to discuss real output, real interest rate and the price level in your answer. You may use your graph from part a.
    3. Fill in the table based on your answers to a. and b.

Indicate if the variable increases, decreases or does not change.  Compare to the initial equilibrium.

Short run

Long run

Real output

Real interest rate

Price level

Consumption

Investment

In: Economics

Question 1 (23 marks) a. After completing its capital spending for the year, HSU Manufacturing has...

Question 1 a. After completing its capital spending for the year, HSU Manufacturing has $1,000 extra cash. HSU’s managers must choose between investing the cash in Treasury bonds that yield 8% or paying the cash out to investors who would invest in the bonds themselves. i. If the corporate tax rate is 35%, what personal tax rate would make the investors equally willing to receive the dividend or to let HSU invest the money? ii. Is the answer to part i) reasonable? Explain. b. The desire for high current income is a valid explanation of preference for high current dividend policy. Comment on the validity of this statement.

In: Finance

a. After completing its capital spending for the year, HSU Manufacturing has $1,000 extra cash. HSU’s...

a. After completing its capital spending for the year, HSU Manufacturing has $1,000

extra cash. HSU’s managers must choose between investing the cash in Treasurybonds that yield 8% or paying the cash out to investors who would invest in the bonds themselves.

  1. If the corporate tax rate is 35%, what personal tax rate would make the investors equally willing to receive the dividend or to let HSU invest the money?

  2. Is the answer to part i) reasonable? Explain.

b. The desire for high current income is a valid explanation of preference for high current

dividend policy. Comment on the validity of this statement.

In: Finance

Confidence intervals, effect sizes, and Valentine’s Day spending: According to the Nielsen Company, Americans spend $345...

Confidence intervals, effect sizes, and Valentine’s Day spending: According to the Nielsen Company, Americans spend $345 million on chocolate during the week of Valentine’s Day. Let’s assume that we know the average married person spends $45, with a population standard deviation of $16. In February 2009, the U.S. economy was in the throes of a recession. Comparing data for Valentine’s Day spending in 2009 with what is generally expected might give us some indication of the attitudes during the recession. a. Compute the 95% confidence interval for a sample of 18 married people who spent an average of $38. b. How does the 95% confidence interval change if the sample mean is based on 180 people? c. If you were testing a hypothesis that things had changed under the financial circumstances of 2009 as compared to previous years, what conclusion would you draw in part (a) versus part (b)? d. Compute the effect size based on these data and describe the size of the effect.

In: Math