In: Economics
COMMENT ON POST
Management of a company want to take a bath in the first year, because this poor performance could be passed in the previous management. The results of the first year of a new management are still linked to the decisions of the previous management and this is a great opportunity for new management to blamed their mistakes in the previous one. Also taking a bath in the first year will allow the new management to most likely show improvements in the second year that it will be for their benefit.
In: Accounting
New York City started using rent control after WWII in an effort to create affordable housing. New York City is known for high rents for everyone not receiving rent control, and for the small size of the majority of apartments. How has New York City’s policy of rent control created these conditions? Should cities institute rent controls to help lower-income households afford housing?
In: Economics
A clinical trial evaluates a new compound designed to improve wound healing in trauma patients. The new compound is compared against a placebo. After treatment for 5 days with the new compound or placebo, the extent of wound healing is measured and the data are shown in table 7-51. Is there a difference in the extent of wound healing by treatment? Run the appropriate test at a 5% level of significance. (Hint : Are treatment and the percent of wound healing independent?
In: Statistics and Probability
The government has implemented a new policy to support the price of barley at $5.68/bu. If the barley market equilibrium price is $3.52/bu, the equilibrium quantity of barley is 1,117.00 million bu, the elasticity of supply is 0.3, and the elasticity of demand is -0.75, then what is the new quantity supplied and the new quantity demanded at the support price? How much barley would the government need to buy to keep the price supported at $5.68/bu?
In: Economics
In: Accounting
Jason is saving for a new TV. He currently has $2,200 in his account that earns 3%, compounded monthly, and the new TV costs $5,500. Assuming Jason deposits $100 in his account each month, how many months until his account has enough money to purchase the new TV? Group of answer choices 33 months. 24 months. 31 months. 29 months.
In: Finance
The management of White Industries is considering a new method
of
assembling its golf cart. The present method requires 21.2 minutes,
on the
average, to assemble a cart with the sample standard deviation of
1.4
minutes. Using the new method, the mean assembly time for a
random
sample of 24 carts, was 20.3 minutes.
Using the 0.10 level of significance, can we conclude that the
assembly time
using the new method is faster?
In: Statistics and Probability
In a clinical trial, 50 patients who received a new medication are randomly selected. It was found that 10 of them suffered serious side effects from this new medication. Let p denote the population proportion of patients suffered serious side effects from this new medication.
Find the minimum sample size needed to estimate the population proportion p with 90% confidence such that the estimate is accurate within 0.04 of p.
In: Statistics and Probability
Deman- Related Pricing Calculation
a. Calculate the price elasticity of demand for a restaurant’s pizza under the
following conditions:
Old price: $8
Old quantity:
1,000/month
Total Revenue: $8,000
New price: $10
New quantity: 900/month
Total revenue: $9,000
b. If the new quantity sold per month were 700 (instead of 900), what would be
the price elasticity of demand?
In: Accounting