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The following 4 questions (Q1 to Q4) are based on the following information:You and your friends have decided to go to The Kentucky Derby. There are 12 horses inthe race. How many ways can the horses come in first, second, or third?Q1: Is this an example of a combination or a permutation?Q2: What is N?Q3: What is r?Q4: What is the calculated value for this example?The following 4 questions (Q5 to Q8) are based on the following information:You have 16 friends that you want to invite to dinner. However, you dining room tableonly seats 6 people. Since, you will take up one seat, you can only have five friends at one time.How many different groups of guests can you have?Steps for Calculation:Q5: Is this an example of a combination or a permutation?Q6: What is N?Q7: What is r?Q8: What is the calculated value for this example?The following 2 questions (Q9 to Q10) are either "True" or "False"Q9: With a combination 'order matters'.Q10: 5! is equal to 120.Q11: Which one of the following is NOT one of the major uses of the CPI?A. The CPI is used to evaluate and determine economic policy.B. The CPI is used to compare prices in different years.C. The CPI is used to determine salary and price adjustments.D. All of the above three answers are major uses of the CPI.Q12: Using the 1989 base as a base, the price index for computers is now 125. What does thisindex number mean?A. price of computers has decreased 25% since 1989B. price of computers has increased 25% since 1989C. price of computers has increased 125% since 1989D. none of the above three answers are correctQ13: A _____________ economic indicator is one whose changes lag behind or followchanges in the economy.A. LaggingB. CoincidenceC. LeadingQ14: Some criticisms of the CPI include all of the following except:A. the market basket used in the CPI may not reflect current spending prioritiesB. the CPI does not adjust for changes in qualityC. the CPI takes advantage of sale pricesD. the CPI does not measure prices for rural AmericansThe following 2 questions (Q15 to Q16) are based on the following information:The CPI's at the start of each decade from 1940 to 1990 were:Year 1940 1950 1960 1970 1980 1990CPI 14.0 24.1 29.6 38.8 82.4 130.7Q15: What was the rate of inflation for the 1950's, as measured by the percentage change inthe CPI?Q16: What was the rate of inflation for the 1970's, as measured by the percentage change inthe CPI?Q17: Name the major category added for the market basket of goods and services in 1998?Q18: Tuition at University Z was $1200 per quarter in 1985 (CPI = 107.6). How much shouldtuition be in 2001 adjusted for inflation (CPI = 175.1)?The following 2 questions (Q19 to Q20) are either "True" or "False"Q19: 'Child care' is one of the eight major categories of goods and services in the marketbasket.Q20: The current 'base period' that we are on is 1982-1984.
Construct the confidence interval to find the estimated margin of error. Then find the sample mean and you are given the sample mean and sample standard deviation. Use this information to construct the 90% and 95% confidence interval for the popula..
CHris Turlock owns and manages a small business in San Francisco, California. The business provides breakfast and brunch food, via carts parked along sidewalks, to people in the business district of the city.
What are the pros and cons of selecting an established theoretical or conceptual model or framework? What are the pros and cons of creating/developing your own?
Standard deviation of $1,500. From a sample of 64 graduates, what is the probability that the mean starting salary is between $41,000 and $42,500?
Attitude change is thought to result from the anxiety produced under conditions of cognitive dissonance. The data below represent the anxiety scores of subjects in a dissonance study.
Sales manager wishes to award sales representatives who earn the largest commissions a bonus of= $1,000 .He can award bonus to 20% of representatives. Determine cutoff point between those who earn bonus and those who don't?
Describe ways in which the use of MS Excel as a tool for interpreting data can be used by a manager of an organization.
What is the mean and standard deviation for this groups' SAT verbal score? What is the 95% confidence interval for the mean SAT verbal score for these students?
Also find information about blood donations and the percentage of each type donated. How do the charts compare? Why is the collection of type O blood so important?
As part of a long-term study of individuals 65 years of age or older, sociologists and physicians at the Wentworth Medical Center in upstate New York conducted a study to investigate the relationship between geographic location and depression.
The significance level of a statistical test is equal to the probability that the null hypothesis is true.
A random sample of 8 petrol stations in each of three European countries A, B and C was taken. The price per litre at each station was recorded in Euros. The prices are given below.
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