An insurance company is thinking about offering discounts on its life insurance policies to nonsmokers. As part of its analysis, it selects 200 men who are 50 years old and asks them if they smoke at least one pack of cigarettes per day, and if they have ever suffered from heart disease. The results indicate that 20 out of 80 smokers and 15 out of 120 nonsmokers suffer from heart disease. At 5% level of significance the conclusion is:

Answers

Answer 1

Answer:

Test statistic

|Z| = 2.996 > 1.96 at 5% level of significance

Null hypothesis is accepted

There is difference between smokers and non-smokers

Explanation:

Step(i):-

Given size of the sample = 200

First Sample proportion  

                                  [tex]p^{-} _{1} = \frac{20}{80} = 0.25[/tex]

Second sample proportion

                               [tex]p^{-} _{2} = \frac{15}{120} = 0.125[/tex]

Null Hypothesis : p₁ = p₂

Alternative Hypothesis : p₁≠p₂

Step(ii):-

Test statistic

                [tex]Z = \frac{p^{-} _{1}-p^{-} _{2} }{\sqrt{PQ(\frac{1}{n_{1} } +\frac{1}{n_{2} } )} }[/tex]

Where

             [tex]P = \frac{n_{1} p_{1} + n_{2} p_{2} }{n_{1}+n_{2} }[/tex]

             

          [tex]P = \frac{200X 0.25+ 200 X 0.125 }{400 } = 0.185[/tex]

         Q = 1-P = 0.8125

           [tex]Z = \frac{0.25-0.125 }{\sqrt{0.185X0.8125(\frac{1}{200} +\frac{1}{200 } )} }[/tex]

          Z =  -2.996

The calculated value |Z| = 2.996 > 1.96 at 5% level of significance

Null hypothesis is accepted

There is difference between smokers and non-smokers

               


Related Questions

Which skills are common to Education and Training cluster? skills in math and finance leadership and teaching skills knowledge of instructional design and psychology knowledge of school policies maintenance of classroom discipline communication skills for dealing with students, families, and coworkers

Answers

Answer:

Leadership and teaching skillsKnowledge of instructional design and psychologyKnowledge of school policiesMaintenance of classroom discipline Communication skills for dealing with students, families, and coworkers

Explanation:

The Education and Training cluster comprises teachers, administrators, and professional student support staff. They work in schools and other educational institutions. Professional in the cluster help students achieve their educations objectives by helping them in academics and providing psycho-social support.

The skills required in this cluster revolve around effective teaching, school administration, and the ability to create good working relationships with students, colleagues, and other stakeholders.

Answer:

The correct answer is A,B,C,E,F

Explanation:

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assume the following the standard price per pound is 2.00 the standard quantity of pounds allowed per unit of finished goods is 4 pounds the actual quantity of materials purchased and used in production is 50000 pounds the company produced 13000 units of finished goods during the period the actual price per pound of direct materials is closest to

Answers

Answer: $2.28

Explanation:

Based on the information given, the actual price per pound of direct materials will be calculated as:

Material Price Variance = (14000)

Since material price valriance is the actual price deducted from the standard price for actual quantity that was used during production process. This will be:

(14000) = [(2 × 50000)] - [Actual Price × 50000]

(14000) = (100000) - (actual price × 50000)

(Actual Price × 50000) = 100000 + 14000

Actual Price × 50000) = 114000

Actual Price = 114000 / 50000

Actual price = 2.28

You have received a job offer upon graduation from a prestigious consulting firm. Before you receive your first paycheck, you have decided to purchase a $100,000 Porsche. The Eighth National Bank of Okemos is willing to give you a 5-year loan, but they require a 10% down payment, and the interest rate will be 10% annually. How much will your monthly payments be

Answers

Answer:

The monthly payments will be $1,912.23.

Explanation:

This can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV at 65 = Present value of the balance of the Porsche = $100,000 * (100% - Percentage of down payment) = $100,000 * (100% - 10%) = $90,000

P = monthly payments = ?

r = Monthly interest rate = Annual interest rate / 12 = 10% / 12 = 0.10 / 12 = 0.00833333333333333

n = number of months = 5 years * 12 months = 60

Substitute the values into equation (1) and solve for P, we have:

$90,000 = P * ((1 - (1 / (1 + 0.00833333333333333))^60) / 0.00833333333333333)

$90,000 = P * 47.0653690237519

P = $90,000 / 47.0653690237519

P = $1,912.23

Therefore, the monthly payments will be $1,912.23.

On January 1, a company issues bonds dated January 1 with a par value of $200,000. The bonds mature in 3 years. The contract rate is 4%, and interest is paid semiannually on June 30 and December 31. The market rate is 5%. Using the present value factors below, the issue (selling) price of the bonds is:

Answers

Answer:

b. $194,492

Explanation:

Note: The  present value factors is attached as picture below

Multiple Choice $205,607.  $194,492.  $200,000.  $22,032.  $172,460.

00,000

Calculation of Bond issue price                        

                                                           PV factor at 2.50%

Pv value of bond               200,000             0.8623                 172,460

Pv of interest at 2%, 6       4,000                  5.5081                  22,032

semi annual installment

Present value of the Bond                                                        $194,492

Which of the following scenarios is an example of irrelevant media? A. Graphics that need to be split up and appear on two pages. B. Imagery that matches the content but is too large. C. An image that does not match the text in any manner. D. A video that is inappropriate because it is too long to show in a particular situation.​

Answers

I think the answer is C but don’t quote me on that

Irrelevant media includes, for instance, an image that does not correspond to the content. Therefore, option C in the given question is correct.

What is the meaning of Irrelevant?

"Irrelevant" refers to something that is not connected or related. While they might not be the best media uses, the additional examples are not necessarily unimportant.

When something is irrelevant, it has no bearing on the topic. People no longer relate to a rock star's music or even listen if they become irrelevant. Nobody is thinking or speaking about it at the moment.

It doesn't matter if they are too big or unimportant because we can still learn a lot of useful knowledge from them. However, if something—an image, text, or anything else—does not fit the condition, that is unquestionably an example of irrelevant media.

Hence, In this case, the correct answer is option C.

Learn more about Irrelevant here:

https://brainly.com/question/30459571

#SPJ5

g The Ricardian equivalence states that if the government cuts taxes without changing current or future expenditure then: a) households will consume more because the marginal propensity to consume is positive b) households will save more because they will expect higher taxes in the future c) households will consume less because they will acquire the debt issued by the government d) households will save less because the tax multiplier is bigger than 1 e) both (a) and (d) f) both (b) and (c)

Answers

Answer:

b) households will save more because they will expect higher taxes in the future

Explanation:

The Ricardian Equivalence proposition is one of the pillars of classical economics, which sadly has proven to not work very well in the real world. According to classical economists, and their quantity theory of money plus the Ricardian Equivalence, recessions do not exist because it is impossible for them to exist. But in the real world, that is not true. Recessions exist, e.g. the US is in a recession since the first quarter of 2020 (even before the current health crisis). When real people lose their jobs or are afraid to lose their jobs, their spending habits change.

On the other hand, when real people get a tax refund or tax cut, they generally spend it, they will not save it to pay future taxes. That is why car sales increase during February after checks form the IRS are handed out.

Theoretically, classical economics is great. The problem is that we are human beings, and as such, our behavior cannot be controlled or determined by what we should or should not do. This is exactly why the velocity of money (quantitative theory of money) is not constant.

On December 31, there were 28 units in ending inventory. These 28 units consisted of 2 from the January 10 purchase, 3 from the March 15 purchase, 4 from the April 25 purchase, 11 from the July 30 purchase, and 8 from the October 10 purchase. g

Answers

Answer:

The cost of ending inventory is $12,360

Explanation:

In the specific Identity method, the items are values by identifying each unit and its relevant cost.

As per the given data

28 units of Ending inventory comprised of

2 from the January 10 purchase

3 from the March 15 purchase

4 from the April 25 purchase

11 from the July 30 purchase, and

8 from the October 10 purchase

The ending Inventory will be valued as follow

Ending Inventory = ( 2 units x $360 ) + ( 3 units x $390 ) + ( 4 units x $420 ) + ( 11 units x $450 ) + ( 8 units x $480 ) = $720 + $1,170 + $1,680 + $4,950 + $3,840 = $12,360  

why Dell usually reacts more quickly and more substantially to pricing, product design, and advertising decisions made by Hewlett-Packard and Gateway than when these same types of decisions are made by Apple Computer.

Answers

Answer and Explanation:

Since in the question it is mentioned that the dells reacts more quickly and sustainable with the price, design of the product, etc as compared with the apple computer

It is because of that the apple is the less subsitute for dell also the dell Hp and gateway all make the windows machines

Therefore it reacts more quickly

hence, the same is relevant

The amount of the estimated average annual income for a proposed investment of $90,000 in a fixed asset, giving effect to depreciation (straight-line method), with a useful life of 4 years, no residual value, and an expected total income yield of $25,300, is

Answers

Answer: $6,325

Explanation:

Estimated average annual income = Total expected income/ Useful life of investment

= 25,300/ 4 years

= $6,325

3. Keim, Inc. manufactures baseball gloves that normally sell for $40 each. Keim currently has 1,000 defective gloves in inventory that have $30 of materials, labor, and overhead assigned to each glove. The defective gloves can either be completely repaired at a cost of $25 per glove or sold as is at a reduced price of $18 per glove. Keim would be better off by: a. $3,000 to sell

Answers

Answer:

selling the defective gloves as they are results in a $3,000 higher gain

Explanation:

the manufacturing costs of the defective gloves should be considered a sunk cost since they cannot be recovered:

alternative 1, sell defective gloves = $18 x 1,000 = $18,000 gain

alternative 2, repair the gloves and sell them at normal price = ($40 - $25) x 1,000 = $15,000 gain

alternative 1 (selling the defective gloves as they are) results in a $3,000 higher gain

You are buying some television time and the station tells you they reach 87,000 people. They quote you $3 CPM (cost per thousand reached). How much will you have to pay for the time?
A) $261
B) $1,000
C) $3,000
D) $87

Answers

Answer:

A) $261

Explanation:

Costs per thousand, as the name suggests, is the cost for every 1000 viewers.

The determine the actual cost; the first step is to divide the total audience by 1000

=87,000/1000

=87

There are 87 sets of 1000 viewers. Each set is charged as $3. The total costs will be

=87 x $3

=$261

The Monster Truck operates several specialty vehicles that provide hot food and beverages for firms that have workers employed in outlying regions. The company has annual sales of $626,600. Cost of goods sold average 36 percent of sales and the profit margin is 4.9 percent. The average accounts receivable balance is $35,100. On average, how long does it take the company to collect payment for its services

Answers

Answer:

20.45 days

Explanation:

Calculation for how long does it take the company to collect payment for its services

Days in receivables = 365 days/($626,600/$35,100)

Days in receivables = 365 days/17.85

Days in receivables=20.45 days

Therefore how long does it take the company to collect payment for its services is 20.45 days

A company estimates that overhead costs for the next year will be $8,500,000 for indirect labor and $164,500 for factory utilities. The company uses machine hours as its overhead allocation base. If 490,000 machine hours are planned for this next year, what is the company's plantwide overhead rate? (Round your answer to two decimal places.)

Answers

Answer:

$17.68 per machine hour.

Explanation:

Plant Overhead rate per machine hour = $8,500,000 + $164,500 / 490,000 machine hours

Plant Overhead rate per machine hour = $8,664,500 / 490,000 machine hours

Plant Overhead rate per machine hour = $17.68265306122449

Plant Overhead rate per machine hour = $17.68 per machine hour.

The following information is available regarding Grace Smit's capital account in Enterprise Consulting Group, a general partnership, for a recent year: Beginning of the year balance $ 30,000 Share of partnership income $ 10,500 Withdrawals made during the year $ 6,800 What is Smit's partner return on equity during the year in question

Answers

Answer:

Return on equity = 32.967%

Explanation:

Given:

Beginning balance = $30,000

Share of partnership = $10,500

Withdrawal = $6,800

Find:

Return on equity

Computation:

Ending equity = Beginning balance + Share of partnership - Withdrawal

Ending equity = 30,000 + 10,500 - 6,800

Ending equity = $33,700

Return on equity = Share of partnership / Average equity

Return on equity = 10,500/(30,000 + 33,700)/2

Return on equity = 10,500/31,850

Return on equity = 32.967%

Once Arnold Patel had decided he wanted to quit working as a Web designer for a large advertising agency and go into some kind of business for himself, he did a self-assessment, which indicated that he had an entrepreneurial spirit. His next step will be to: Group of answer choices determine where the funding will come from look for customers create a business plan find the idea for his business choose a form of business organization

Answers

The correct answer is letter "E": find the idea for his business.
Explanation:
There are no set of steps or books that could determine when entrepreneurs could start a business or not. Most ventures are engaged by recognizing an opportunity and matching it with strengths individuals have that could make the plan work. Proper assessment and partnership are vital in this stage for the venture not to be affected by the initial challenges of entering into a market.
If Arnold has found he has an entrepreneurial spirit, then, he should spot different opportunities in the market for him to take one and develop a business idea.

Suppose that the country of Libraria made a concerted effort to increase the educational level of its people. If this effort had no effect on the wages of its workers, one might consider this as evidence in support of a. the human-capital view of education. b. the signaling view of education. c. both the human-capital and the signaling view of education. d. neither the human-capital nor the signaling view of education.

Answers

Answer:

If this effort had no effect on the wages of its workers, one might consider this as evidence in support of:

d. neither the human-capital nor the signaling view of education.

Explanation:

The human capital view of education argues that education increases workers' productivity, which also affects some increase in workers' wages.  The signaling view states that education passes a message about workers' various innate abilities to potential employers. This implies that the focus of the signaling view or theory is not the effect of education on the students but the message communicated in the labor market.

Describe how the business infrastructure should be designed so that employees will be able to continue to perform business functions in the event of a disaster (e.g., storm, hurricane, or earthquake) that destroys or makes it impossible to access the buildings.

Answers

Answer:

It should be switched to a fully digital firm which is also called as an e-business.

With the growth of technology ( Cloud Computing, Mobile Digital Platforms and Internet of things )

sometimes using Information Systems, and Information Technology can make the company get higher revenue. but other times not because it needs to achieve these in order to use Information Systems:

choose the right business model.choose the right software for the business.invest in the complementary assets ( organizational and managerial capital )

i don't know if that answers your question or not but i hope it does help you. have a good day and a lovely year.

Jawwal Research & Development has been going through a rough patch lately. Turnover has been high and employee morale is at an all-time low. Though employees and competitors hold management responsible for the decline, the CEO does not let the managers go or change the management style. Which of the following could explain this attitude?
Select one:
a. The CEO is unresponsive to the criticisms from stakeholders.
b. The CEO holds the omnipotent view of management, which asserts that external factors have a significant effect on performance outcomes.
c. Because the organization has a "take-charge" management style, the employees are responsible for organizational policies.
d. The CEO holds the view that managers have only a limited role in organization success or failure.

Answers

Answer:

d. The CEO holds the view that managers have only a limited role in organization success or failure.

Explanation:

The CEO of Jawwal Research & Development subscribes to the symbolic view of management. Under the symbolic view, the organization's success or failure is caused by external forces beyond the managers' control. The symbolic view is that the whole of the organization is not in the managers' control.

The CEO of Jawwal Research & development believes that the manager's influence is limited by external factors such as technology, government policies, the economy, competitors, and industry conditions. The symbolic view contrasts with the Omnipotent view, which believes that managers are directly responsible for an organization's failure or success.

Cassini Company Ltd. publishes a monthly sports magazine, Fishing Preview. Subscriptions to the magazine cost $28 per year. During November 2022, Cassini sells 6,300 subscriptions for cash, beginning with the December issue. Cassini prepares financial statements quarterly and recognizes subscription revenue at the end of the quarter. The company uses the accounts Unearned Subscription Revenue and Subscription Revenue. The company has a December 31 year-end.Prepare the entry in November for the receipt of the subscriptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Credit Debit Nov. SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the adjusting entry at December 31, 2017, to record subscription revenue in December 2017. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Credit Debit Dec. 31

Answers

Answer:

                             Cassini Company Ltd

Date          Account Titles and Explanation      Debit         Credit

Nov 2017   Cash (6,300*$28)                           $176,400

                         Unearned subscription revenue                $176,400

                    (To record the receipts of subscription)

Dec 2017    Unearned subscription revenue    $14,700

                          Subscription revenue ($176,400*1/12)       $14,700

                    (To record the revenue earned)

               

March '18    Unearned subscription revenue     $44,100

                            Subscription revenue ($176,400*3/12)      $44,100

                    (To record the revenue earned)

Why is the job market for administrative professionals growing ?
What effects do you think the constant haitian political crisis had on this field ?

Answers

The field is anticipated to grow because administrative professionals work in areas of the economy that are expanding and generating new jobs—such as education, social service, legal service, health care, and finance.

The common stock of the P.U.T.T. Corporation has been trading in a narrow price range for the past month, and you are convinced it is going to break far out of that range in the next three months. You do not know whether it will go up or down, however. The current price of the stock is $100 per share, the price of a three-month call option with an exercise price of $100 is $10, and a put with the same expiration date and exercise price costs $7.What would be a simple options strategy to exploit your conviction about the stock price?

Answers

Answer:

hollmvlnnj hooo jwaauq

Consider the following information on returns and probabilities: Invest 1/2 of your money in Asset A and 1/2 in Asset B. State Probability A B Boom .25 12% 4% Bust .75 6% 18% What is the expected return for the portfolio

Answers

Answer: 11%

Explanation:

Find the expected return in both Booms and Busts;

0.5 of your money is in Asset A and Asset B each.

Boom;

=  (0.50 * 12%) + (0.50 * 4%)

= 8%

Bust

= (0.50 * 6%) + (0.50 * 18%)

= 12%

Portfolio expected return = (0.25 * 8%) + (0.75 * 12%)

= 11%

In the management assistance area, the Small Business Administration (SBA) provides all of the following EXCEPT: Group of answer choices free college credit courses in management toll-free advice numbers training and educational programs counseling by business development officers free publications on business topics

Answers

Answer: Free college credit courses in management

Explanation:

The Small Business Administration (SBA) is a Federal government agency that aims to help small businesses and entrepreneurs by providing them with resources to make them grow.

They have toll-free phone numbers that entrepreneurs and small businesses can call for advice, they have trading training programs and business development offices who offer advice and counsel on business techniques and they even free publications on business topics.

They do not however offer free college credit courses in management.

Last year, Aleshia identified $4,400 as a nonbusiness bad debt. In that tax year before considering the tax implications of the nonbusiness bad debt, Aleshia had $8,800 of taxable income, of which $3,080 consisted of short-term capital gains. This year, Aleshia collected $3,696 of the amount she had previously identified as a bad debt. Determine Aleshia's tax treatment of the $3,696 received in the current tax year.

Answers

Answer:

The amount of $3,696 would be involved in her gross wage

Explanation:

The computation of the tax treatment is as follows

Since in the question it is mentioned that the amount of $3,696 amount was collected that identified as a bad debt so the amount of $3,696 would be involved in her gross wage

Therefore the same is to be considered

And, the rest of the information i.e. given are to be ignored

Coronado Inc. has completed the purchase of new Dell computers. The fair value of the equipment is $708,769. The purchase agreement specifies an immediate down payment of $172,000 and semiannual payments of $66,179 beginning at the end of 6 months for 5 years. What is the interest rate, to the nearest percent, used in discounting this purchase transaction

Answers

Answer: 8%

Explanation:

Fair value = $708,769

Down payment will be made so only the amount net of the down payment will be paid periodically.

= 708,769 - 172,000

= $‭536,769‬

Present value of Annuity interest factor for payment = 536,769/66,179

= 8.11087

No. of periods = 2 * 5years = 10 semi annums

Look at the Present value of interest factor of Annuity (PVIFA) table and find the interest rate that corresponds to 10 periods and gives an interest factor of 8.11087.

That interest rate is ⇒ 4%

As this is a semi-annual rate, the annual rate is;

= 4% * 2

= 8%

Supercircuits is a decentralized company and has a required opportunity cost of capital of 15%. The home computer division, whose current ROI IS 10%, is considering an investment which will earn 13% return. The gaming division, whose current ROI is 20%. Is considering an investment which will earn a 17% return. If the objective is to maximize residual income, each division will make the following choice:______. Computer Gaming A. Reject Accept B. Accept Reject C. Accept Accept D. Rejec Reject

Answers

Answer:

B. Accept Reject

Explanation:

As we can see that the home computer has the earning of 10% and its return on investment is increased to 13% so it is a better choice for division of home computer to accept the investment and the other division i.e. gaming division should reject the proposal as it is already earned the 20% and if it is accepted so it decreased the return on investment

Therefore the option B is correct

Suppose a company spends $200,000 in the current year to research and develop a navigation device for hikers. By the end of the year, the company estimates that the new navigation device has a 70% chance of generating $500,000 in revenues from sales to customers over the next four years. For what amount would the company report research and development expense in the current year

Answers

Answer: $200,000

Explanation:

The company spent $200,000 on the research that led to the development of the navigation device and according to Accounting guidelines, Research and Development costs are to be expensed in the period that they occurred.

The entire $200,000 that was spent should therefore be expensed as Research and Development.

The owner of Genuine Subs, Inc., hopes to expand the present operation by adding one new outlet. She has studied three locations. Each would have the same labor and materials costs (food, serving containers, napkins, etc.) of $1.90 per sandwich. Sandwiches sell for $2.70 each in all locations. Rent and equipment costs would be $5,400 per month for location A, $5,700 per month for location B, and $5,950 per month for location C. a. Determine the volume necessary at each location to realize a monthly profit of $10,000.

Answers

Answer and Explanation:

The computation of the volume necessary for each location is as follows;

a) Volume required for break even at location A

= ($5,400 + $10,000) ÷ ($2.70 - $1.90)

= 19,250 units

Volume required for break even at location B

= ($5,700 + $10,000) ÷ ($2.70 - $1.90)

= 19,625 units

Volume required for break even at location C

= ($5,950 + $10,000) ÷ ($2.70 - $1.90)

= 19,938 units

College football coaching requires that coaches design every facet of practices, set goals for their players, determine schedules, and even direct all of the plays during the games. College football coaching uses ____ type of managing.A. AchievementbConsideration
B. Background image
C. Charismad.D. Empathy.

Answers

Answer: d.  initiating structure

Explanation:

An Initiating structure management style is one in which the leader is very involved in the activities of the subordinates. They organize tasks, initiate group action and define the team's goals and roles.

This is what happens in collage football. The coach designs everything even on the pitch during games. They are therefore using an initiating structure management style.

What is the form of payment, form of acquisition, acquisition vehicle, and post-closing organization?

Answers

Answer:

Check explanation section.

Explanation:

In order to be able to understand and to solve this problem efficiently one must read the case study which is in the Question's comment section.

So, from the case study it can be shown that in order to make sure that there is increament in equity, the kind of financing that took place is through Borrowing. Hence, the form of payment is through BORROWING.

In order to buy, it has to be done via or through what is called merger or say corporate merger. The form of acquisition is through MERGING.

The post closing organization in the case study is HEINZ. The acquisition vehicle is the fact that something was bought from the Hawks.

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