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- A research is conducted to understand what students consider as the most important issue during their education; (i) getting high grades, (ii) having a balanced social life or (iii) being popular in the university. For this purpose, a survey is conducted among a group of students from departments of Public Finance, Economics and Psychology. The survey results are summarized as follows; Departments 4, Issues → (i) (ii) (ii) Total Public Finance 26 46 Economics 62 20 36 66 Psychology 30 34 Total 24 (a) balanced social life is the most important issuse. (b) and belives that the balanced social life is the most important issuse. (c) or belives that getting a high grade is the most important issuse. (d) given that he/she belives getting a high grade is the most important issuse. By filling the table, find the probability that a randomly selected student thinks that Find the probability that a randomly selected student is not from Economics department Find the probability that a randomly…1. Which one do you think is more informative? Why? A B 40 25% 20% 30 15% 20 10% 10 5% 0% Poor Needs Imp Satisfactory V Good Excellent External Internal IExternal IInternal I Poor INeeds Imp Satisfactory TV Good ExcellentTypes of Compensation People don't work for free, and how much employees are paid for their work is a complicated issue. Also, designing a fair compensation plan is an important task because pay and benefits represent a substantial portion of an organization's expenses. Wages that are too high may result in the company's products being priced too high, making them uncompetitive in the market. Wages that are too low may damage employee morale and result in costly turnover. Financial compensation falls into two categories: wages and salaries. Additionally, there are three common types of financial incentives: commission, bonuses, and profit sharing. Read the statements describing compensation attributes and the various employee examples and select the most appropriate form of compensation each describes. 1.Paid by the Hour-Employees receive these financial rewards in return for the number of hours they have worked. Wages 2. Frank's Overtime Pay-Frank works overtime at the factory right…
- Exercise 13-50 (LO13-6) Mr. William Profit is studying companies going public for the first time. He is particularly interested in the relationship between the size of the offering and the price per share. A sample of 15 companies that recently went public revealed the following information. Size Price Size Price ($ millions), per Share, ($ millions), per Share, Company x y Company x y 1 9.0 10.8 9 160.7 11.3 2 94.4 11.3 10 96.5 10.6 3 27.3 11.2 11 83.0 10.5 4 179.2 11.1 12 23.5 10.3 5 71.9 11.1 13 58.7 10.7 6 97.9 11.2 14 93.8 11.0 7 93.5 11.0 15 34.4 10.8 8 70.0 10.7 Click here for the Excel Data File a. Determine the regression equation. (Round your answers to 4 decimal places.) b-1. To determine if the slope of the regression line is positive, state the decision rule for 0.05 significance level: H0: β ≤ 0; H1: β > 0. (Round your answer…Forecasting: 1. How does the number of periods in moving average affect the responsiveness of the forecast? 2. Contrast the terms sales and demand. 3. KA commercial bakery has recorded sales (in dezens) for three products, as shown below: Blueberry MuHins Cinnamon Buns Day Cupcakes 30 18 45 34 17 26 32 19 27 34 23 35 2 22 30 23 48 23 29 34 36 25. 20 29 24 14 10 31 26 18 35 31 11 27 47 28 26 27 37 34 13 14 31 24 15 33 33 22 a. Predict orders for the following day for cach of the products using an appropriate naive method. b What should the use of sales data instead of demand imply. RNN N N N H.NM p2. The average Swedish household spent its disposable income (i.e., budget) on the following categories of goods and services: Category 1. Food and non-alcoholic beverages % 12,0 2. Alcoholic beverages and tobacco 3,5 3. Clothes and shoes 5,1 4. Housing (incl. electricity, gas and heating) 26,1 5. Furniture and other household articles 5,2 6. Health and household care 3,1 7. Transports 13,9 8. Post, tele and other communication 3,1 9. Leisure, entertainment and culture 11,7 10. Hotels, cafés and restaurants 5,9 11. Other 10,6 The average disposable income was Y = 200000kr, in 2007 (we assume). It is obvious that each category in the table contains many different goods so it is difficult to define a price for each category. However, we are often mostly interested in how demand changes as prices and/or disposable income changes. We can therefore define the "base-prices" for each category to be equal to 1 for all, and "normalize" the units of each category such that one unit of one good…
- Textbook exercise: A city’s status and living conditions may affect how its residents perceive their mayor and city council. Dr. Benevita has used data from Statistics Canada to rank larger metropolitan areas against each other. Focusing on unemployment rates, median household income, and crime rates, he has given Calgary an overall positive ranking (low unemployment, high income, and relatively low crime), and Winnipeg an overall negative one (mid-range unemployment, fairly low income, and very high crime). Dr. Benevita has contacted 40 residents of each city to respond to one simple question: “How competent do you believe your municipal leaders are in governing your city?” Participants rated their municipal government on a scale of -3 (completely incompetent) to +3 (completely competent). A perfectly normal distribution around the central, neutral, point would have a mean of 0 and a standard deviation of 1.66. We will use this as our comparison point to determine whether residents of…Corporations and Elections. Based on research by the Associated Press and the National Constitution Center, 85% of Democrats, 81% of Republicans, and 78% of Independents support limiting corporate influence in political elections. Estimates from Gallup show that 32% of U.S. adults are Democrats, 28% are Republicans, and 40% are Independents. What percentage of U.S. adults who support limiting corporate influence in political elections are Republicans?Required Information [The following information applies to the questions displayed below.] Davis Stores sells clothing in 15 stores located around the southwestern United States. The managers at Davis are considering expanding by opening new stores and are interested in estimating costs in potential new locations. They believe that costs are driven in large part by store volume measured by revenue. During a discussion, one of the managers suggests that number of employees might be better at explaining cost than store revenues. As a result of that suggestion, managers collected the following information from last year's operations (revenues and costs in thousands of dollars): Store 101 182 103 184 105 Req D1 106 107 108 109 110 111 112 113. 114 115 Intercept Employees Costs $5,740 3,565 5,600 4,327 3,689 2,777 2,821 2,318 2,124 3,090 2,329 5,973 5,257 3,220 5,411 Req D2 Employees 51 49 51 35 38 26 35 37 24 29 28 56 53 53 50 Revenues $2,724 5,096 5,183 2,240 5,519 2,846 3,349 6,340 3,646…
- Case study The board of a large Australian investment bank of 7,200 employees (1,800 females and 5,400 males) has received media criticism over its poor record on employee work-life balance. It is looking to implement a range of workforce strategies and wants to survey its employee base to see how that might best improve. The company is headquartered in Melbourne, with equally-sized offices in Sydney, Brisbane and Perth. Some variables of interest in the proposed survey include: Variable Department ID Age Number of dependants Desire to work-from-home (WFH) preference Description Randomly generated 5-digit number for each of the company's 42 departments, which also identifies the department's location In years Scale from 'Highly undesirable' to 'Highly desirable' a) For each of the variables mentioned in the table above, determine whether they are nominal, ordinal or quantitative. Furthermore, for variables that are quantitative, also determine if the variable is likely to be discrete…Management of a major company has made the following assumptions regarding their consumer profile. Over 60% of all shoppers are women Less than 40% of our customer primarily make purchases through online resources The average age of the purchasers of product B is below 45 years. The average weekly purchase of the top selling product A exceeds $50. The company hired market researchers to determine the validity of their consumers' demographic assumptions. The researchers conducted survey and focus groups to evaluate the purchasing pattern of the company's current consumers. In a survey of 400 consumers, 252 respondents were women and 148yrespondents indicated they purchase the company's products online. The average age of the respondents was 44 years with standard deviation of 10 years. The average weekly purchase of top selling products A and B by the respondents were $52 with standard deviation of $10.5 and $60 with standard deviation of $22.0 respectively. Determine which of the…Summer 2023 Home Announcements Discussions Grades Syllabus Modules FCC Tutorial Services NameCoach Simple Syllabus Background: Morris Saldov conducted a study in Eastern and Central Newfoundland in 1988 to examine public attitudes towards social spending. In particular, the study tried to determine if knowing someone on public assistance (yes, no) affected one's views on social spending (too little, about right, too much). The data from the study is summarized in the table below. Too little About right Too much Total Yes 16 9 Source: Morris Saldov, Public Attitudes to Social Spending in Newfoundland," Canadian Review of Social Policy, 26, November 1990, pages 10-14. No Directions: Conduct a chi-square test for independence to determine if the association between knowing someone on public assistance and views on social spending is statistically significant. Too little 6 27 1. Choose the correct null and alternative hypotheses. ⒸH₂ : There is an association between knowing someone on…
