Question 36 (14 points)
The financial statements of the news magazine publisher Daily Rain Inc. include the following items:
\begin{tabular}{|l|r|r|}
\hline Selected Balance Sheet Items & \multicolumn{2}{|c|}{ 2021 } \\
\hline Cash & $58,500 & $35,300 \\
\hline Short term investements & 24,000 & 16,900 \\
\hline Accounts receivables, net & 26,000 & 60,000 \\
\hline Inventory & 82,600 & 98,000 \\
\hline Prepaid expenses & 23,200 & 18,400 \\
\hline Total: & 231,300 & 248,600 \\
\hline
\end{tabular} Furthermore, the company shows total non-current assets of \8,325,000and\8,433,000 for the years 2021 and 2020, respectively. The current liabilities total $107,600 and \95,800fortheyears2021and2020,respectively.DailyRainInc.realizednetcreditsalesof\3,254,000 and recorded $2,935,000 in costs of goods sold for the year 2021. Requirement 1: Compute the following ratios for the year 2021. Upload your calculations to the dropbox after submitting the online exam. Blank \#1: Current ratio (round to two digits)
Blank \#2: Quick (acid test) ratio (round to two digits)
Blank \#3: Inventory turnover (round to one digit)
Blank \#4: Accounts receivable turnover (round to one digit)
The target in the figure shown to the right contains four squares. If a dart thrown at random hits the target, find the probability that it will land in a green region. The probability that a dart will land in a green region of the square target is □ 0.
(Type an integer or a simplified fraction.)
The target in the figure shown to the right contains four squares. If a dart thrown at random hits the target, find the probability that it will land in a green region. The probability that a dart will land in a green region of the square target is □
(Type an integer or a simplified fraction.)
\begin{tabular}{|c|c|}
\hline Data Set Y & Data Set Z \\
\hline 0.52 & 0.37 \\
\hline 1.69 & 0.52 \\
\hline 1.01 & 0.09 \\
\hline 1.39 & 0.84 \\
\hline 1.57 & 1.39 \\
\hline
\end{tabular} Answer
Attempt 1 out of 2 The maximum of Data Set Y is □ than the maximum of Data Set Z. The min of Data Set Y is than the minimum of Data Set Z.
Decide whether you can use the normal distribution to approximate the binomial distribution. If you can, use the normal distribution to approximate the indicated probabilities and sketch their graphs. If you cannot, explain why and use the binomial distribution to find the indicated probabilities.
A survey of adults found that 6\% say their favorite sport is auto racing. You randomly select 300 adults and ask them to name their favorite sport. Complete parts (a) through (d).
For the experiment of rolling a single fair die, find the probability that the number rolled is odd or even. The probability that the number rolled is odd or even is □ .
(Simplify your answer.)
A box and whisker plot for the age of MST 1102 students is provided below. Use the diagram to answer the following four questions. The data points represented by the dots shown in the chart are known as -
Kevin installed a certain brand of automatic garage door opener that utilizes a transmitter control with four independent switches, each one set on or off. The receiver (wired to the door) must be set with the same pattern as the transmitter. If six neighbors with the same type of opener set their switches independently, what is the probability of at least one pair of neighbors using the same settings? The probability of at least one pair of neighbors using the same settings is approximately 9785 .
(Type an integer or decimal rounded to four decimal places as needed.)
The conditional probability of event B occurring, given that event A has occurred, is P(B∣A)=P(A)P(A and B).
Use the information below to find the probability that a flight departed on time given that it arrives on time. The probability that an airplane flight departs on time is 0.89. The probability that a flight arrives on time is 0.87. The probability that a flight both departs and arrives on time is 0.82.
OINTS)
THE GLEASON SUPERMARKET'S MANAGER MUST DECIDE HOW MUCH OF EACH ICE CREAM FLAVOR HE SHOULD STOCK SO THAT CUSTOMER DEMANDS ARE SATISFIED BUT UNWANTED FLAVORS DON'T RESULTIN WASTE. THE ICE CREAM SUPPLIER CLAIMS THAT AMONG THE FOUR MOST POPULAR FLAVORS, CUSTOMERS HAVE THESE PREFERENCE RATES: 62% PREFER VANILLA, 18\% PREFER CHOCOLATE, 12% PREFER NEAPOLITAN, AND 8\% PREFER VANILLA FUDGE. A RANDOM SAMPLE OF 200 CUSTOMERS PRODUCES THE RESULTS BELOW. AT THE α=0.05 SIGNIFICANCE LEVEL, TEST THE CLAIM THAT THE SUPPLIER HAS CORRECTLY IDENTIFIED CUSTOMER PREFERENCES.
\begin{tabular}{|l|c|c|c|c|}
\hline FLAVOR & VANILLA & CHOCOLATE & NEAPOLITAN & VANILLA FUDGE \\
\hline CUSTOMERS & 120 & 40 & 18 & 22 \\
\hline
\end{tabular}
What is the main purpose of ANOVA?
To identify relationships between categorical variables.
To compare only two means, and no more.
To use the z-distribution table to calculate percentiles.
To simultaneously compare more than two means.
Find the percentage of 2016 vehicles with better gas mileage than the 2016 VW Beetle's 28mpg, given mean 23.0mpg and SD 4.9mpg. Round to two decimal places.
Find the z-scores for a woman and a man both 5.5 feet tall using the given means and standard deviations. Round to two decimal places. zwoman=stdwomanheight−meanwoman zman=stdmanheight−meanman
Find the average price per gallon that Nancy paid for gas, given gallons and prices: Texaco (20, 3.95), Mobil (14, 3.10), Bp (22, 3.80), Shell (16, 3.90). Round to the nearest cent.
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Assume the sample is a random sample from a distribution that is reasonably normally distributed and we are doing inference for a sample mean. Find endpoints of a t-distribution with 1% beyond them in each tail if the sample has size n=18. Round your answer to three decimal places.
endpoints =±□
Question 3 of 20 (1 point) I Question Attempt: 1 of 1
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7 The frequency distribution shown is constructed incorrectly.
\begin{tabular}{lc}
Class & Frequency \\
\hline 27−31 & 4 \\
32−35 & 5 \\
36−40 & 7 \\
41−45 & 6 \\
46−50 & 2
\end{tabular} Select all applicable mistakes in the frequency distribution.
class width is not uniform
a class is omitted
class limits overlap
A hypothesis test is to be performed. Determine the null and alternate hypotheses.
In 1990, the average duration of long-distance telephone calls originating in one town was 6.5 minutes. A long-distance telephone company wants to perform a hypothesis test to determine whether the average duration of long-distance phone calls has changed from the 1990 mean of 6.5 minutes.
H0:μ=6.5 minutes H1:μ<6.5 minutes H0:μ=6.5 minutes H1:μ>6.5 minutes H0:μ=6.5 minutes H1:μ=6.5 minutes H0:μ=6.5 minutes H1:μ=6.5 minutes
Determine whether the statement is true or false. If it is false, rewrite it as a true statement.
In a frequency distribution, the class width is the distance between the lower and upper limits of a class. Choose the correct answer below.
A. True.
B. False. In a frequency distribution, the range is the distance between the lower and upper limits of a class.
C. False. In a frequency distribution, the class width is the distance between the lower or upper limits of consecutive classes.
Question 5 (1 point) The fact that the slope of the production possibilities curve becomes steeper as we move down along the curve indicates that: the opportunity cost of producing each product is constant.
society's resources are limited.
resources are perfectly shiftable between alternative uses.
the principle of increasing opportunity costs is relevant.
uestion 6 (1 point)
Question 12 (1 point) Which of the following would cause an increase in the supply of a product at a given price? a reduction in the cost of resources to produce the product
an increase in the cost of resources to produce the product
an increase in the price of the product
a decrease in the cost of producing a substitute product
Question 25 (1 point)
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xy is the relevant budget line and I1,I2, and I3 are indifference curves. If the consumer is initially at point L, they should: strive for point N by obtaining a larger money income.
purchase more of X and less of Y.
purchase more of Y and less of X.
remain at that point to maximize utility.
Question 27 (1 point) The following table provides information on the production of a product that requires one variable input. There are negative marginal returns when the:
\begin{tabular}{|c|c|}
\hline Input & Total product \\
\hline 0 & 0 \\
\hline 1 & 5 \\
\hline 2 & 20 \\
\hline 3 & 32 \\
\hline 4 & 42 \\
\hline 5 & 50 \\
\hline 6 & 55 \\
\hline 7 & 58 \\
\hline 9 & 58 \\
\hline
\end{tabular}
ninth unit of input is added. sixth unit of input is added. fifth unit of input is added.
seventh unit of input is added.
- (c): Your answer is incorrect. Suppose Z follows the standard normal distribution. Calculate the following probabilities using the ALEKS calculator. Round your responses to at least three decimal places.
(a) P(Z>−1.40)=0.919
(b) P(Z≤−0.56)=0.288
(c) P(0.33<Z<1.94)=0.356
A commercial building contractor will commit her company to one of three projects depending on her analysis of potential profits or losses as shown here.
\begin{tabular}{c|c|c|c|c|c}
\hline \multicolumn{2}{c|}{ Project A } & \multicolumn{2}{c}{ Project B } & \multicolumn{2}{c}{ Project C } \\
\hline Profit or Loss & Probability & Profit or Loss & Probability & Profit or Loss & Probability \\
x & P(x) & x & P(x) & x & P(x) \\
\hline$70,000 & 0.12 & $0 & 0.30 & $60,000 & 0.53 \\
180,000 & 0.65 & 240,000 & 0.26 & 320,000 & 0.47 \\
210,000 & 0.23 & 270,000 & 0.44 & & \\
\hline
\end{tabular} Determine which project the contractor should choose according to the pessimist viewpoint.
Project B
Project C
Project A
Correlation and Simple Linear Regression
Performing a simple linear regression
0/5
Ghadeer You are the owner of Fast Break, a popular local place that sells drinks, snacks, and sandwiches. For inventory management purposes, you are examining how the weather affects the amount of hot chocolate sold in a day. You are going to gather a random sample of 7 days showing that day's high temperature (denoted by X, in ∘C ) and the amount of hot chocolate sold that day (denoted by Y, in liters). You will also note the product X⋅Y of the temperature and amount of hot chocolate sold for each day. (These products are written in the row labeled " XY ").
(a) Click on "Take Sample" to see the results for your random sample.
Take Sample
\begin{tabular}{|c|c|c|c|c|c|c|c|}
\hline \begin{tabular}{c}
High temperature, X \\
(in ∘C )
\end{tabular} & 25 & 3 & 19 & 29 & 8 & 14 & 34 \\
\hline \begin{tabular}{c}
Amount of hot \\
chocolate sold, y \\
(in liters)
\end{tabular} & 9 & 13 & 8 & 5 & 17 & 15 & 2 \\
\hlineXy & 225 & 39 & 152 & 145 & 136 & 210 & 68 \\
\hlinex
\end{tabular}
Test Scores Which is a better relative position, a score of 80 on a geography test that has a mean of 71 and a standard deviation of 6.5 , or a score of 65 on an accounting test that has a mean of 55 and a standard deviation of 2.5? Part: 0/2□ Part 1 of 2 Find the corresponding z score for each test score. Round z scores to two decimal places.
Geography test z=□
Accounting test z=□
from 1 to 8
Question 40 of 40
This test: 40 point(s) possible
This question: 1 point(s) possible
Submit test Consider a drug that is used to help prevent blood clots in certain patients. In clinical trials, among 5829 patients treated with this drug, 151 developed the adverse reaction of nausea. Use a 0.01 significance level to test the claim that 3% of users develop nausea. Does nausea appear to be a problematic adverse reaction? Identify the null and alternative hypotheses for this test. Choose the correct answer below.
A. H0:p=0.03H1:p>0.03
B. H0:p=0.03H1:p<0.03
C. H0:p=0.03H1:p=0.03
D. H0:p=0.03H1:p=0.03 Identify the test statistic for this hypothesis test.
The test statistic for this hypothesis test is □
(Round to two decimal places as needed.)
Identify the P -value for this hypothesis test.
The P -value for this hypothesis test is □
(Round to three decimal places as needed.)
Probability
Outcomes and event probability
Almas A number cube is rolled three times. An outcome is represented by a string of the sort OEE (meaning an odd number on
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the first roll, an even number on the second roll, and an even number on the third roll). The 8 outcomes are listed in the table below. Note that each outcome has the same probability. For each of the three events in the table, check the outcome(s) that are contained in the event. Then, in the last column, enter the probability of the event.
\begin{tabular}{|c|c|c|c|c|c|c|c|c|c|}
\hline \multirow[t]{2}{*}{} & \multicolumn{8}{|c|}{Outcomes} & \multirow{2}{*}{Probability} \\
\hline & EOO & EEE & OEE & EEO & OEO & EOE & 000 & OOE & \\
\hline \begin{tabular}{l}
Event \\
A: An \\
even \\
number \\
on the \\
first roll \\
or the \\
third roll \\
(or \\
both)
\end{tabular} & 0 & 0 & ○ & ○ & 0 & ○ & 0 & 0 & — \\
\hline \begin{tabular}{l}
Event \\
B: Two or more odd numbers
\end{tabular} & 0 & 0 & ○ & 0 & 0 & 0 & 0 & v & — \\
\hline \begin{tabular}{l}
Event \\
C: No \\
odd \\
numbers \\
on the \\
first two \\
rolls
\end{tabular} & 0 & 0 & ○ & ○ & ○ & ○ & 0 & 0 & □ \\
\hline
\end{tabular}
Dove have obleen ed 10 workers at a production company and have timed how long it takes each to prodace an item. You have been able to mateh the number of items produced with the length wf the work er 's expenence. Assuming that your findings are as displayed in the table below:
\begin{tabular}{|l|c|c|c|c|c|c|c|c|c|c|}
\hline Worker & A & B & C & D & E & F & G & H & I & J \\
\hline Experience(Months) & 2 & 5 & 3 & 8 & 5 & 9 & 12 & 16 & 1 & 6 \\
\hline Time taken (Minutes) & 27 & 26 & 30 & 20 & 22 & 20 & 16 & 15 & 30 & 19 \\
\hline
\end{tabular}
ia) Draw a coatter diagram for the data and comment
[10]
(b) Determine a straight lime equation and estimate how long a worker with 10 months
[10]
expeniance will take to produce an item.
(c) If the compomy would like an item to be produced within 22 mimutes, advise on the
[05]
worker the company it should employ.
[10]
Time It mo evente are independent the special rulle of multiplication is used to fin Probability of their joint occurrence (2 maikk)
0
a. P(A ind B)=P(A)×P(B∣A)
b. P(A∪B)=P(A)×P(B)−P(A∩B)
c None of the options are correct
d P(A and B)=P(A)×P(B)
12. Table 2.2 shows the frequency of marks obtained by some students in a scholarship examination.
Table 2.2
\begin{tabular}{|l|c|c|c|c|c|c|}
\hline Mark & 1−10 & 11−20 & 21−30 & 31−40 & 41−50 & 51−60 \\
\hline Frequency & 3 & 5 & 11 & 14 & 10 & 7 \\
\hline
\end{tabular}
(a) Construct a cumulative frequency table and hence draw an ogive for the data.
(b) From the ogive, estimate the:
(i) Lower and upper quartiles
(ii) Median
(c) A three-digit number is formed at random using the digits 1,6 and 9. If no digit is repeated in any of the numbers, find the probability that the number formed is greater than 600 .
(12 marks)
Lani asks 24 students in her class how they travel to school and displays her results in a pictogram. What fraction of students cycle to school? Give your answer in its simplest form. How students travel to school
\begin{tabular}{|c|c|c|}
\hline Bus & 수수 & \\
\hline Car & 郘 & Key \\
\hline Walk & & R P =2 students \\
\hline Cycle & หํ & \\
\hline
\end{tabular}
Descriptive Statistics
Finding a percentage of a total amount in a circle graph
3/5 The circle graph shows how the annual budget for a company is divided by department. If the total annual budget is $10,000,000, what amount is budgeted for Research?
\\square\square$
The aromatic hydrocarbon cymene (C10H14) is found in nearly 100 spices and fragrances including coriander, anise, and thyme. The complete combustion of 1.608 g of cymene in a bomb calorimeter ( Ccalorimeter =3.640kJ/∘C ) produced an increase in temperature of 19.35∘C. Calculate the molar enthalpy of combustion of cymene ( ΔHcomb ) in kilojoules per mole of cymene.
The histogram shows the number of miles that each adult, from a survey of 67 adults, drives per week. How many adults drive fewer than 200 miles per week? There are □ adults who drive fewer than 200 miles per week.
Holden Corporation produces three products, with costs and selling prices as follows:
\begin{tabular}{|c|c|c|c|c|c|c|}
\hline & \multicolumn{2}{|l|}{Product A} & \multicolumn{2}{|l|}{Product B} & \multicolumn{2}{|l|}{Product C} \\
\hline Selling price per unit & \$ 30 & 100\% & \$ 20 & 100\% & \$ 15 & 100\% \\
\hline Variable costs per unit & 18 & 60\% & 15 & 75\% & 6 & 40\% \\
\hline Contribution margin per unit & \$ 12 & 40\% & \$ 5 & 25\% & \$ 9 & 60\% \\
\hline
\end{tabular} A particular machine is the bottleneck. On that machine, 3 machine hours are required to produce each unit of Product A,1 hour is required to produce each unit of Product B, and 2 hours are required to produce each unit of Product C. Rank the products from the most profitable to the least profitable use of the constrained resource (bottleneck).
Note: Round your intermediate calculations to 2 decimal places.
What ta the GPA for a student who carned the grades shown below? The grades are based on a 4.0 point maximum
\begin{tabular}{|c|c|c|}
\hline Class & Credits & Grade \\
\hline Phys ISOC & 4 & B \\
\hline Phys Lab 160C & 1 & C \\
\hline Math 210A & 4 & B \\
\hline Hist 220A & 3 & D \\
\hline
\end{tabular}
2.41
3.63
2.50
2.42
Below is a graph of a normal distribution with mean μ=4 and standard deviation σ=2. The shaded region represents the probability of obtaining a value from this distribution that is between 2 and 5. Shade the corresponding region under the standard normal curve below.
Topic III Anticipating Patterns: Probability and Simulation 41. Elaine is enrolled in a self-paced course that allows three attempts to pass an examination on the material. She does not study and has 2 out of 10 chances of passing on any one attempt by pure luck. What is Elaine's likelihood of passing, provided that she willhave three attempts to pass the exam? (Assume the attempts are independent because she takes a different exam at each attempt.)
a. Explain how you would use a random digit table to simulate Elaine's attempts at the exam. Elaine will of course stop taking the exam as soon as she passes. 0−1=p25sing,2−cl=failing,100K at e
b. Simulate 10 repetitions using the random digits below. What is your estimate of Elaine's likelihood of passing the course?
59636625688880470206046344032571197036991935271080730892255384898114864578511776
Consider the following demographic data for a hypothetical state. Assume everyone votes along party lines.
The state has 16 representatives and a population of 8.4 million; party affiliations are 90% Democrat and 10% Republican. Complete parts (a) and (b) below.
a. If districts were drawn randomly, what would be the most likely distribution of House seats?
□ Republicans, □ Democrats
Identify which situation indicates a person is insolvent: 1. Assets \$56,400; expenses \$61,100 2. Assets \$78,400; net worth \$23,100 3. Liabilities \$45,400; net worth \$7,100 4. Assets \$40,400; liabilities \$46,100
1. A cran-apple juice blend has a cranberry to apple ratio of 3:5. Find amounts for cranberry t and apple y. 2. John fills an 18-inch deep tub. It takes 2 min for 3 inches. Will it take 10 more min to fill? Explain.