It is hypothesized that, of the students completing their degree in physical therapy in the state of Georgia, 35% of them take a job in Georgia, 38% take a job in a neighboring state, while the rest take a job further away. A random sample of 86 students graduating with a degree in physical therapy in Georgia over the last 10 years are selected and 40 of them took a job in-state, 22 of them took a job in a neighboring state, and the rest of them took a job in a state further away. What value represents the expected frequency for PT graduates who took a job in a neighboring state? If needed, round your answer to two decimal places.

It is hypothesized that, of the students completing their degree in physical therapy in the state of Georgia, 35% of them take a job in Georgia, 38% take a job in a neighboring state, while the rest take a job further away. A random sample of 86 students graduating with a degree in physical therapy in Georgia over the last 10 years are selected and 40 of them took a job in-state, 22 of them took a job in a neighboring state, and the rest of them took a job in a state further away. What value represents the expected frequency for PT graduates who took a job in a neighboring state? If needed, round your answer to two decimal places.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

ohn is a talented artist who received an offer to go pro gymnast . He graduated from the business school of Talent University with a 4.0 GPA and scored 826 on his MCAT. Having all the needed skills, John is considering a career in any of the following tracks. John collected information related to potential income and cost for his options. Since he is considering average income, John divided his professional career into 5 periods of earning Occupation Period 0 Period 1 Period 2 Period 3 Period 4 Neurosurgeon -20 5 15 20 30 Accountant 4 6 10 12 14 Artist 3 3 3 3 3 Gymnast…
Vernon Cabins is a small motel chain located near state and national parks. Each property is made up of separate cabins. The chain has 10 properties with an average of 15 cabins at each property. In year 1, the occupancy rate (the number of rooms filled divided by the number of rooms available) was 80 percent, based on a 180-day season. The properties are closed from late fall until early spring. The average rate was $225 per night per cabin. The basic unit of operation is the “night,” which is one cabin occupied for one night. The operating income for year 1 is as follows. Vernon Cabins Operating Income Year 1 Sales revenue Lodging $ 4,860,000 Incidentals 475,200 Forfeited deposits 129,600 Total revenues $ 5,464,800 Costs Labor $ 1,748,000 Incidentals 451,200 Miscellaneous 86,400 Utilities, etc. 95,000 Depreciation 550,000 Management 120,000 Marketing 230,000 Property taxes 1,640,000 Total costs $ 4,920,600 Operating profit $ 544,200 Other…
Jackson County Senior Services is a nonprofit organization devoted to providing essential ser-vices to seniors who live in their own homes within the Jackson County area. Three services are provided for seniors—home nursing, Meals On Wheels, and housekeeping. Data on revenue and expenses for the past year follow: The head administrator of Jackson County Senior Services, Judith Miyama, is concerned about the organization’s finances and considers the net operating income of $5,000 last year to be razor-thin. (Last year’s results were very similar to the results for previous years and are representative of what would be expected in the future.) She feels that the organization should be building its financial reserves at a more rapid rate in order to prepare for the next inevitable recession. After seeing the above report, Ms. Miyama asked for more information about the financial advisability of perhaps discontinuing the housekeeping program. The depreciation in housekeeping is for a…
In an industrialized country, 20% of the adults are aged 65 and older. Furthermore, 12% of the adults have at least one symptom of heart disease, but 25% of people aged 65 and older have at least one symptom of heart disease. If an adult from this country is selected at random, what is the probability that the adult is under age 65 and has no symptoms of heart disease?
The following cost formulas were used to construct the planning budget: Medical supplies. Lab tests Equipment depreciation Rent Utilities Administration Cost Formulas Liters of blood collected Medical supplies Lab tests Equipment depreciation Required: 1.Complete the flexible budget performance report for September. Rent Utilities Administration Total expense $3,600 $1,550 $775 $10,550 + $3.009 Note: 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. $17.00q $12.009 Actual Results $ Saint Lucia Blood Bank Flexible Budget Performance Report For the Month Ended September 30 Flexible Budget 620 $ 10,350 6,235 3,955 1,550 867 12,595 35,552 Planning Budget $ $ 500 8,500 6,000 3,600 1,550 775 12,050 32,475
In Year 1, Better Sleep Company began to receive complaints from physicians that patients were experiencing unexpected side effects from the company’s sleep apnea drug. The company took the drug off the market near the end of Year 1. During Year 2, the company was sued by 1,000 customers who had had a severe allergic reaction to the company’s drug and required hospitalization. At the end of Year 2, the company’s attorneys estimated a 60 percent chance the company would need to make payments in the range of $1,000 to $5,000 to settle each claim, with all amounts in that range being equally likely. At the end of Year 3, while none of the cases had been resolved, the company’s attorneys now estimated an 80 percent probability the company would be required to make payments in the range of $2,000 to $7,000 to settle each claim. In Year 4, 400 claims were settled at a total cost of $1.2 million. Based on this experience, the company believes 30 percent of the remaining cases will be settled…
It’s been two years since Ramone finished his undergraduate studies in Business Administration with an emphasis in Accounting. He has been trying to seek employment to help the family, as both his parents spent most of their life’s savings to pay his university tuition. Three weeks later, Ramone was called for an interview with the Ministry of National Integrity (MNI). He had forgotten that he had applied for the position of Junior Auditor within the Ministry. The panel consisted of several top-level managers, including the Chief Audit Executive (CAE) and the Senior Director of the Human Resource & Administrative Division (HRMA). The Senior Director of HRM&A stated that they were impressed with his resume, however, before they can decide on giving him the job, he will have to answer some questions relating to the Audit Report. The following were asked of him by the CAE. Required: a. Explain the term ‘audit report’, and state the four (4) types of audit reports that can be…
A medical clinic is randomly selecting three staff members to attend a conference. The clinic employees include 7 nurses, 3 doctors, and 4 office staff. What is the probability that three nurses are selected to attend the conference? O 0.10 0.13 0.42 O 0.50
A volunteer has been asked to drop off some supplies at a facility housing victims of a hurricane evacuation. The volunteer would like to bring at least 240 bottles of water, 117 first aid kits, and 83 security blankets on his visit. The relief organization has a standing agreement with two companies that provide victim packages. Company A can provide packages of 21 water bottles, 9 first aid kits, and 7 security blankets at a cost of $2. Company B can provide packages of 8 water bottles, 5 first aid kits, and 3 security blankets at a cost of $1.50. How many of each package should the volunteer pick up to minimize the cost? What amount does the relief organization pay? Answer Enter the value in the first box and the ordered pair in the second box. Minimum Cost of S Minimum Cost at Tables Keypad Keyboard Shortcuts
Hardyke Group operates a local after-school recreation and activities program. The Education Department is a state governmental agency. Hardyke has an agreement with the Department to provide services to students in need for a nominal $1 per day, to be paid by the student. The government will reimburse Hardyke for the "cost" of providing daily services used by a student. The regular price to participate in the program is $6.00 per day. After analyzing its costs, Hardyke calculates that, with its operating deficit, the full cost of each student for a day is $8.50. All programs that Hardyke offers are unaffected by the number of students paying the nominal fee. Required: b. Which price would Hardyke Group prefer? Note: Enter your answer to 2 decimal places. c. Which price would the Education Department prefer? Note: Enter your answer to 2 decimal places. Leave no cells blank - be certain to enter "0" wherever required. d. If Hardyke provides an average of 4,000 student-days for in-need…
Case Study 1: A Not for profit Organization (NPO) wants to create a sample of financially backward girl students who are unable to continue their higher education, from the AL Dakhliya governorate. The organization wishes to sponsor the students' higher education expenses. For this purpose in the first stage, the NGO randomly selects some wilayats from the 8 wilayats in the Al Dakhliya governorate to form a sample and then selects all girl students from the selected wilayats to extend help to them by providing sponsorship for their higher education. Based on the above case answer the following THREE questions: What is the method of sampling used here? Stratified sampling Oa. b. Cluster Sampling C. Convenience Sampling O d. Systematic sampling
The School of Accounting (SOA) at State University is planning its annual fundraising campaign for accounting alumni. This year, the SOA is planning a call-a-thon and will ask Beta Alpha Psi members to volunteer to make phone calls to a list of 5,000 alumni. The Dean’s office has agreed to let Beta Alpha Psi use their offices from 6 p.m. to 9 p.m. each weekday so that they will have access to phones. Each volunteer will be provided with a phone and a script with an introduction and suggested responses to various questions that had been asked in the past.Carol Johnson, Beta Alpha Psi faculty advisor, estimates the following:1. Of the 5,000 phone numbers, roughly 10 percent will be wrong numbers (because alumni change addresses and phone numbers without updating State University). In that case, thestudent is instructed to apologize to the answering party, hang up, and move on to the next phone number. Each of these calls takes about three minutes.2. Another 15 percent will be correct…