Description
I need assistance with my business analytics class. its an online course and I have an exam that needs to be completed by 8pm tonight. please and thank you.
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.
Explanation & Answer
Completed...
Completion Status:
100%
Review
Review
Anonymous
Really useful study material!
Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Most Popular Content
Using Y=f(X) +E notation, identify the independent and dependent variables.
Search for and select a quantitative article that interests you and that has social change implications.Post a very brief ...
Using Y=f(X) +E notation, identify the independent and dependent variables.
Search for and select a quantitative article that interests you and that has social change implications.Post a very brief description (3-6 sentences) of the article you found and address the following:Describe how you think the research in the article is useful (e.g., what population is it helping? What problem is it solving?).Using Y=f(X) +E notation, identify the independent and dependent variables.How might the research models presented be wrong? What types of error might be present in the reported research?Be sure to support Make Be sure to support you post with scholarly evidence and use APA style
MATH275 Brock University Time Value of Money Problems Worksheet
Department of Mathematics and Statistics 1. In March 2016, Yves decided to save for a new truck. He deposited $500 at the ...
MATH275 Brock University Time Value of Money Problems Worksheet
Department of Mathematics and Statistics 1. In March 2016, Yves decided to save for a new truck. He deposited $500 at the end of every three months in a bank account earning interest at 5% compounded quarterly. He made his first deposit on June 1, 2016. On June 1, 2018, Yves decided that he needed the money to go to college, so on September 1, 2018, rather than making deposits, he started withdrawing $300 at the end of each quarter until December 1, 2019. How much is left in his account after the last withdrawal if his bank account interest rate changed to 6.5% compounded quarterly on March 1, 2019? 2. Nicole has just turned 41 and has accumulated $24 500 in her RRSP. She makes month-end contributions of $400 to the plan and intends to do so until she retires at the age of 60. The RRSP will be allowed to continue to accumulate until she reaches the age of 65. If the RRSP earns 6% compounded monthly for the next 24 years, how much will her RRSP contain when she turns 65? 3. Suzanne had a summer job working in the business office of Blast-It TV and Stereo, a local chain of home electronics stores. When Michael Jacobssen, the owner of the chain, heard she had completed one year of business courses, he asked Suzanne to calculate the profitability of two new large-screen televisions. He plans to offer a special payment plan for the two new models to attract customers to his stores. He wants to heavily promote the more profitable TV. When Michael gave Suzanne the information about the two TVs, he told her to ignore all taxes when making her calculations. The cost of television A to the company is $1950 and the cost of television B to the company is $2160, after all trade discounts have been applied. The company plans to sell television A for a $500 down payment and $230 per month for 12 months, beginning 1 month from the date of the purchase. The company plans to sell television B for a $100 down payment and $260 per month for 18 months, beginning 1 month from the date of purchase. The monthly payments for both TVs reflect an interest rate of 15.5% compounded monthly. Michael wants Suzanne to calculate the profit of television A and television B as a percent of the TV’s cost to the company. To calculate profit, Michael deducts overhead (which he calculates as 15% of cost) and the cost of the item from the selling price of the item. When he sells items that are paid for at a later time, he calculates the selling price as the cash value of the item. (Remember that cash value equals the down payment plus the present value of the periodic payments.) Suzanne realized that she could calculate the profitability of each television by using her knowledge of ordinary annuities. She went to work on her assignment to provide Michael with the information he requested. Questions: a. What is the cash value of television A? Round your answer to the nearest dollar. b. What is the cash value of television B? Round your answer to the nearest dollar. c. Given Michael’s system of calculations, how much overhead should be assigned to television A? d. How much overhead should be assigned to television B? e. According to Michael’s system of calculations, what is the profit of television A as a percent of its cost? f. What is the profit of television B as a percent of its cost? g. Which TV should Suzanne recommend be more heavily promoted? 4. Three months later, due to Blast-It’s successful sales of television A and television B, the suppliers of each model gave the company new volume discounts. For television A, Blast-It received a discount of 9% off its current cost, and for television B one of 6%. The special payment plans for television A and television B will stay the same. Under these new conditions, which TV should Suzanne recommend be more heavily promoted? 5. After winning some money at a casino, Tony is considering purchasing an annuity that promises to pay him $300 at the end of each month for 12 months, then $350 at the end of each month for 24 months, and then $375 at the end of each month for 36 months. If the first payment is due at the end of the first month and interest is 7.5% compounded annually over the life of the annuity, find Tony’s purchase price. 6. A loan of $5600 is to be repaid at 9% compounded annually by making payments at the end of the next 10 quarters. Each of the last six payments is two times the amount of each of the first four payments. What is the size of each payment? Karim Soltan is shopping for a new vehicle, and has noticed that many vehicle manufacturers are offering special deals to sell off the current year’s vehicles before the new models arrive. Karim’s local Ford dealership is advertising 3.9% financing for a full 48 months (i.e., 3.9% compounded monthly) or up to $4000 cash back on selected vehicles. The vehicle that Karim wants to purchase costs $24 600 including taxes, delivery, licence, and dealer preparation. This vehicle qualifies for $1800 cash back if Karim pays cash for the vehicle. Karim has a good credit rating and knows that he could arrange a vehicle loan at his bank for the full price of any vehicle he chooses. His other option is to take the dealer financing offered at 3.9% for 48 months. Karim wants to know which option requires the lower monthly payment. He knows he can use annuity formulas to calculate the monthly payments. Questions a. Suppose Karim buys the vehicle on July 1. What monthly payment must Karim make if he chooses the dealer’s 3.9% financing option and pays off the loan over 48 months? (Assume he makes each monthly payment at the end of the month and his first payment is due on July 31.) b. Suppose the bank offers Karim a 48-month loan with the interest compounded monthly and the payments due at the end of each month. If Karim accepts the bank loan, he can get $1800 cash back on this vehicle. Help Karim work out a method to calculate the bank rate of interest required to make bank financing the same cost as dealer financing. First, calculate the monthly rate of interest that would make the monthly bank payments equal to the monthly dealer payments. Then calculate the effective rate of interest represented by the monthly compounded rate. If the financing from the bank is at a lower rate of interest compounded monthly, choose the bank financing. The reason is that the monthly payments for the bank’s financing would be lower than the monthly payments for the dealer’s 3.9% financing. (i) How much money would Karim have to borrow from the bank to pay cash for this vehicle? (ii) Using the method above, calculate the effective annual rate of interest and the nominal annual rate of interest required to make the monthly payments for bank financing exactly the same as for dealer financing. c. Suppose Karim decides to explore the costs of financing a more expensive vehicle. The more expensive vehicle costs $34 900 in total and qualifies for the 3.9% dealer financing for 48 months or $2500 cash back. What is the highest effective annual rate of interest at which Karim should borrow from the bank instead of using the dealer’s 3.9% financing? 7. A regular deposit of $100 is made at the beginning of each year for 20 years. Simple interest is calculated at i % per year for the 20 years. At the end of the 20-year period, the total interest in the account is $840. Suppose that interest of i % compounded annually had been paid instead. How much interest would have been in the account at the end of the 20 years? 8. Herman has agreed to repay a debt by using the following repayment schedule. Starting today, he will make $100 payments at the beginning of each month for the next two-and-a-half years. He will then pay nothing for the next two years. Finally, after four-and-a-half years, he will make $200 payments at the beginning of each month for one year, which will pay off his debt completely. For the first four-and-a-half years, the interest on the debt is 9% compounded monthly. For the final year, the interest is lowered to 8.5% compounded monthly. Find the size of Herman’s debt. Round your answer to the nearest dollar. 9. Victor and Jasmine Gonzalez were discussing how to plan for their three young sons’ university education. Stephen turned 12-years old in April, Jack turned 9 in January, and Danny turned 7 in March. Although university was still a long way off for the boys, Victor and Jasmine wanted to ensure enough funds were available for their studies. Victor and Jasmine decided to provide each son with a monthly allowance that would cover tuition and some living expenses. Because they were uncertain about the boys’ finding summer jobs in the future, Victor and Jasmine decided their sons would receive the allowance at the beginning of each month for four years. The parents also assumed that the costs of education would continue to increase. Stephen would receive an allowance of $1000 per month starting September 1 of the year he turns 18. Jack would receive an allowance that is 8% more than Stephen’s allowance. He would also receive it at the beginning of September 1 of the year he turns 18. Danny would receive an allowance that is 10% more than Jack’s at the beginning of September of the year he turns 18. Victor and Jasmine visited their local bank manager to fund the investment that would pay for the boys’ allowances for university. The bank manager suggested an investment paying interest of 4.0% compounded monthly, from now until the three boys had each completed their four years of education. Victor and Jasmine thought this sounded reasonable. So on June 1, a week after talking with the bank manager, they deposited the sum of money necessary to finance their sons’ post-secondary educations. Questions a. How much allowance will each of the boys receive per month based on their parents’ assumptions of price increases? b. (i) How much money must Victor and Jasmine invest for each son on June 1 to provide them the desired allowance? (ii) Create a timeline of events for each of the sons. (iii) What is the total amount invested on June 1?
GCCCD Module 22 Stat Crunch Directions and T Score Calculations Problems
Learn by DoingMatched Pairs: In this lab you will learn how to conduct a matched pairs T-test for a population mean using ...
GCCCD Module 22 Stat Crunch Directions and T Score Calculations Problems
Learn by DoingMatched Pairs: In this lab you will learn how to conduct a matched pairs T-test for a population mean using StatCrunch. We will work with a data set that has historical importance in the development of the T-test.Some features of this activity may not work well on a cell phone or tablet. We highly recommend that you complete this activity on a computer.Here are the directions, grading rubric, and definition of high-quality feedback for the Learn by Doing discussion board exercises. A list of StatCrunch directions is provided at the bottom of this page.ContextGosset's Seed Plot DataWilliam S. Gosset was employed by the Guinness brewing company of Dublin. Sample sizes available for experimentation in brewing were necessarily small. At that time, Gosset contacted a famous statistician Karl Pearson (1857-1936) and was told that there were no techniques for developing probability models for small data sets. Gosset studied under Pearson, and the outcome of his study was perhaps the most famous paper in statistical literature, "The Probable Error of a Mean" (1908), which introduced the T-distribution.Since Gosset was employed by Guinness, any work he produced would be owned by Guinness, so he published under a pseudonym, "Student"; hence, the T-distribution is often referred to as Student's T-distribution.To illustrate his analysis, Gosset used the results of seeding 11 different plots of land with two different types of seed: regular and kiln-dried. He wanted to determine if drying seeds before planting increased plant yield. Since different plots of soil may be naturally more fertile, this confounding variable was eliminated by using the matched pairs design and planting both types of seed in all 11 plots.The resulting data (corn yield in pounds per acre) are as follows.PlotRegular seedKiln-dried Seed11903200921935191531910201142496246352108218061961192572060212281444148291612154210131614431115111535We use these data to test the hypothesis that kiln-dried seed yields more corn than regular seed.Because of the nature of the experimental design (matched pairs), we are testing the difference in yield.PlotRegular seedKiln-dried SeedDifference119032009–10621935191520319102011–10142496246333521082180–7261961192536720602122–62814441482–38916121542701013161443–1271115111535–24Note that the differences were calculated: regular − kiln-dried.VariablesRegular seed: regular seeds that were traditionally used for plantingkiln-dried: seed that were kiln-dried before plantingDataDownload the seed (Links to an external site.) data file, and then upload the file into StatCrunch. PromptState the hypotheses and define the parameter.Checking conditions: Since Gosset invented the T-distribution, we will assume that his sample meets the conditions and proceed with the T-test. Regardless, answer these questions to demonstrate your understanding of the conditions for use of the T-model.But first you will need to review the dotplots for the data (opens in a new tab).
Which graph is used to check conditions? Why?What do we look for in the graph to verify that conditions are met?What else do we need to know about the sample of seeds before using the T-test?Use StatCrunch to find the T-score and the P-value. Hint: as you work through the StatCrunch directions, keep in mind that we want to calculate the differences as regular − kiln-dried . So you will choose Regular seed for Sample 1 and kiln-dried seed for Sample 2. (directions)Copy and paste the information in the StatCrunch output window into your initial post.State a conclusion based on the context of this scenario.List of StatCrunch DirectionsEach link will open in a new window. To return to this discussion, either close the new tab or select the tab for this discussion. Create Your Stats-Class Folder in Canvas (You only need to do this once.)Purchase StatCrunch (You only need to do this once.)Open StatCrunchDownload Excel Data FileUpload Excel Data File to StatCrunchDownload StatCrunch Output Window (no screenshots; please use these directions)Upload Files into Your Stat-Class Folder in CanvasConduct Matched-Pairs T-testCopy & Paste a StatCrunch TableHere is a PDF document with all StatCrunch directions (Links to an external site.).
4 pages
Sampling Techniques
The selection was done in 5 metropolitan hospitals on the east coast and only registered and The recruits were to be 18 ye ...
Sampling Techniques
The selection was done in 5 metropolitan hospitals on the east coast and only registered and The recruits were to be 18 years old and above and only ...
The population of predators and prey in a closed ecological system tends to vary periodically over t
The population of predators and prey in a closed ecological system tends to vary periodically over time. In a certain syst ...
The population of predators and prey in a closed ecological system tends to vary periodically over t
The population of predators and prey in a closed ecological system tends to vary periodically over time. In a certain system, the population of owls O can be represented by where t is the time in years since January 1, 2001. In that same system, the population of mice M can be represented by . What is the maximum number of mice and how many years does it take to reach this population for the first time? A. 500 mice, 14 years B. 500 mice, 7 years C. 700 mice, 4 years D. 700 mice, 7 years
Compound Annually Grow Interest Accountability
1. How long did it take $4,625 earning 7.875% compounded annually to grow to $8,481.61?
2. The current balance on a loan ...
Compound Annually Grow Interest Accountability
1. How long did it take $4,625 earning 7.875% compounded annually to grow to $8,481.61?
2. The current balance on a loan is $3,837.30. If the interest rate on the loan is 10% compounded
monthly, how long ago was the $2,870 loan made?
3. What is the remaining time until the maturity date of a $10,000 strip bond if it is purchased for
$4,011.33 to yield 6.4% compounded semiannually until maturity?
4. A few years ago, Avtar invested $6,000 in a compound-interest GIC that earned 4.5%
compounded semiannually. He recently received the maturity value of $7,168.99. What was the
term of the GIC?
5. Rounded to the nearest month, how long will it take an investment to double if it earns:
a. 8.4% cm?
b. 10.5% csa? 6. Rounded to the nearest month, how long will it take an investment to quadruple if it earns:
a. 8% ca?
b. 9% csa?7. Which interest rate would you prefer to earn on a three-year GIC: 6% compounded monthly,
6.1% compounded quarterly, 6.2% compounded semiannually or 6.3% compounded annually?8. What is the effective rate of interest on a credit card that calculates interest at a rate of 1.8%
per month?9. If the nominal rate of interest paid on a savings account is 2% compounded monthly, what is the
effective rate of interest?10. If a $5,000 investment grew to $6450 in 30 months of monthly compounding, what effective
rate of return was the investment earning? 11. Lisa is offered a loan from a bank at 7.2% compounded monthly. A credit union offers similar
term, but at a rate of 7.4% compounded semiannually. Which loan should she accept? Present
calculations that support your answer.
Similar Content
computer case study analyze
the case study will be on this https://www.basketball-reference.com/boxscores/201901230PHI.html
...
Which transformation is NOT an isometry? translation dilation reflection
Which transformation is NOT an isometry? A.translationB.dilationC.reflectionD.rotation...
need to put 1/2 1/3 1/4 2/3 3/4 in order from least to greatest
need to put it in order from smallest to greatest...
Missouri State University Calculus of Vector Valued Functions Questions
i have some calculus questions that i dont know can someone help?...
read the article "Applying Statistics to Clinical Nurse Specialist Practice"
Click to read the article "Applying Statistics to Clinical Nurse Specialist Practice," and discuss the relationship betwee...
The cumulative probability distribution function, homework help
question b ...
Final A Synthesis Of Program Evaluations Of The No Child Left Behind Act
A Synthesis of Program Evaluations of the No Child Left Behind Act The No Child Left Behind Act of 2001 (NCLB) was present...
Answer Math2
To solve the integration expression given in our question we have to convert the expression Following are the steps for co...
Basket Estates Pr
An estate plan is a laid-out procedure that directs how assets are handled and apportioned. According to James (2009), suc...
Related Tags
Book Guides
The Outsiders
by S.E. Hinton
Bridge to Terabithia
by Katherine Paterson
Dandelion Wine
by Ray Bradbury
The Color Purple
by Alice Walker
Crime and Punishment
by Fyodor Dostoyevsky
The English Patient
by Michael Ondaatje
The Nightingale
by Kristin Hannah
We Were Eight Years in Power
by Ta-Nehisi Coates
Into Thin Air
by Jon Krakauer
Get 24/7
Homework help
Our tutors provide high quality explanations & answers.
Post question
Most Popular Content
Using Y=f(X) +E notation, identify the independent and dependent variables.
Search for and select a quantitative article that interests you and that has social change implications.Post a very brief ...
Using Y=f(X) +E notation, identify the independent and dependent variables.
Search for and select a quantitative article that interests you and that has social change implications.Post a very brief description (3-6 sentences) of the article you found and address the following:Describe how you think the research in the article is useful (e.g., what population is it helping? What problem is it solving?).Using Y=f(X) +E notation, identify the independent and dependent variables.How might the research models presented be wrong? What types of error might be present in the reported research?Be sure to support Make Be sure to support you post with scholarly evidence and use APA style
MATH275 Brock University Time Value of Money Problems Worksheet
Department of Mathematics and Statistics 1. In March 2016, Yves decided to save for a new truck. He deposited $500 at the ...
MATH275 Brock University Time Value of Money Problems Worksheet
Department of Mathematics and Statistics 1. In March 2016, Yves decided to save for a new truck. He deposited $500 at the end of every three months in a bank account earning interest at 5% compounded quarterly. He made his first deposit on June 1, 2016. On June 1, 2018, Yves decided that he needed the money to go to college, so on September 1, 2018, rather than making deposits, he started withdrawing $300 at the end of each quarter until December 1, 2019. How much is left in his account after the last withdrawal if his bank account interest rate changed to 6.5% compounded quarterly on March 1, 2019? 2. Nicole has just turned 41 and has accumulated $24 500 in her RRSP. She makes month-end contributions of $400 to the plan and intends to do so until she retires at the age of 60. The RRSP will be allowed to continue to accumulate until she reaches the age of 65. If the RRSP earns 6% compounded monthly for the next 24 years, how much will her RRSP contain when she turns 65? 3. Suzanne had a summer job working in the business office of Blast-It TV and Stereo, a local chain of home electronics stores. When Michael Jacobssen, the owner of the chain, heard she had completed one year of business courses, he asked Suzanne to calculate the profitability of two new large-screen televisions. He plans to offer a special payment plan for the two new models to attract customers to his stores. He wants to heavily promote the more profitable TV. When Michael gave Suzanne the information about the two TVs, he told her to ignore all taxes when making her calculations. The cost of television A to the company is $1950 and the cost of television B to the company is $2160, after all trade discounts have been applied. The company plans to sell television A for a $500 down payment and $230 per month for 12 months, beginning 1 month from the date of the purchase. The company plans to sell television B for a $100 down payment and $260 per month for 18 months, beginning 1 month from the date of purchase. The monthly payments for both TVs reflect an interest rate of 15.5% compounded monthly. Michael wants Suzanne to calculate the profit of television A and television B as a percent of the TV’s cost to the company. To calculate profit, Michael deducts overhead (which he calculates as 15% of cost) and the cost of the item from the selling price of the item. When he sells items that are paid for at a later time, he calculates the selling price as the cash value of the item. (Remember that cash value equals the down payment plus the present value of the periodic payments.) Suzanne realized that she could calculate the profitability of each television by using her knowledge of ordinary annuities. She went to work on her assignment to provide Michael with the information he requested. Questions: a. What is the cash value of television A? Round your answer to the nearest dollar. b. What is the cash value of television B? Round your answer to the nearest dollar. c. Given Michael’s system of calculations, how much overhead should be assigned to television A? d. How much overhead should be assigned to television B? e. According to Michael’s system of calculations, what is the profit of television A as a percent of its cost? f. What is the profit of television B as a percent of its cost? g. Which TV should Suzanne recommend be more heavily promoted? 4. Three months later, due to Blast-It’s successful sales of television A and television B, the suppliers of each model gave the company new volume discounts. For television A, Blast-It received a discount of 9% off its current cost, and for television B one of 6%. The special payment plans for television A and television B will stay the same. Under these new conditions, which TV should Suzanne recommend be more heavily promoted? 5. After winning some money at a casino, Tony is considering purchasing an annuity that promises to pay him $300 at the end of each month for 12 months, then $350 at the end of each month for 24 months, and then $375 at the end of each month for 36 months. If the first payment is due at the end of the first month and interest is 7.5% compounded annually over the life of the annuity, find Tony’s purchase price. 6. A loan of $5600 is to be repaid at 9% compounded annually by making payments at the end of the next 10 quarters. Each of the last six payments is two times the amount of each of the first four payments. What is the size of each payment? Karim Soltan is shopping for a new vehicle, and has noticed that many vehicle manufacturers are offering special deals to sell off the current year’s vehicles before the new models arrive. Karim’s local Ford dealership is advertising 3.9% financing for a full 48 months (i.e., 3.9% compounded monthly) or up to $4000 cash back on selected vehicles. The vehicle that Karim wants to purchase costs $24 600 including taxes, delivery, licence, and dealer preparation. This vehicle qualifies for $1800 cash back if Karim pays cash for the vehicle. Karim has a good credit rating and knows that he could arrange a vehicle loan at his bank for the full price of any vehicle he chooses. His other option is to take the dealer financing offered at 3.9% for 48 months. Karim wants to know which option requires the lower monthly payment. He knows he can use annuity formulas to calculate the monthly payments. Questions a. Suppose Karim buys the vehicle on July 1. What monthly payment must Karim make if he chooses the dealer’s 3.9% financing option and pays off the loan over 48 months? (Assume he makes each monthly payment at the end of the month and his first payment is due on July 31.) b. Suppose the bank offers Karim a 48-month loan with the interest compounded monthly and the payments due at the end of each month. If Karim accepts the bank loan, he can get $1800 cash back on this vehicle. Help Karim work out a method to calculate the bank rate of interest required to make bank financing the same cost as dealer financing. First, calculate the monthly rate of interest that would make the monthly bank payments equal to the monthly dealer payments. Then calculate the effective rate of interest represented by the monthly compounded rate. If the financing from the bank is at a lower rate of interest compounded monthly, choose the bank financing. The reason is that the monthly payments for the bank’s financing would be lower than the monthly payments for the dealer’s 3.9% financing. (i) How much money would Karim have to borrow from the bank to pay cash for this vehicle? (ii) Using the method above, calculate the effective annual rate of interest and the nominal annual rate of interest required to make the monthly payments for bank financing exactly the same as for dealer financing. c. Suppose Karim decides to explore the costs of financing a more expensive vehicle. The more expensive vehicle costs $34 900 in total and qualifies for the 3.9% dealer financing for 48 months or $2500 cash back. What is the highest effective annual rate of interest at which Karim should borrow from the bank instead of using the dealer’s 3.9% financing? 7. A regular deposit of $100 is made at the beginning of each year for 20 years. Simple interest is calculated at i % per year for the 20 years. At the end of the 20-year period, the total interest in the account is $840. Suppose that interest of i % compounded annually had been paid instead. How much interest would have been in the account at the end of the 20 years? 8. Herman has agreed to repay a debt by using the following repayment schedule. Starting today, he will make $100 payments at the beginning of each month for the next two-and-a-half years. He will then pay nothing for the next two years. Finally, after four-and-a-half years, he will make $200 payments at the beginning of each month for one year, which will pay off his debt completely. For the first four-and-a-half years, the interest on the debt is 9% compounded monthly. For the final year, the interest is lowered to 8.5% compounded monthly. Find the size of Herman’s debt. Round your answer to the nearest dollar. 9. Victor and Jasmine Gonzalez were discussing how to plan for their three young sons’ university education. Stephen turned 12-years old in April, Jack turned 9 in January, and Danny turned 7 in March. Although university was still a long way off for the boys, Victor and Jasmine wanted to ensure enough funds were available for their studies. Victor and Jasmine decided to provide each son with a monthly allowance that would cover tuition and some living expenses. Because they were uncertain about the boys’ finding summer jobs in the future, Victor and Jasmine decided their sons would receive the allowance at the beginning of each month for four years. The parents also assumed that the costs of education would continue to increase. Stephen would receive an allowance of $1000 per month starting September 1 of the year he turns 18. Jack would receive an allowance that is 8% more than Stephen’s allowance. He would also receive it at the beginning of September 1 of the year he turns 18. Danny would receive an allowance that is 10% more than Jack’s at the beginning of September of the year he turns 18. Victor and Jasmine visited their local bank manager to fund the investment that would pay for the boys’ allowances for university. The bank manager suggested an investment paying interest of 4.0% compounded monthly, from now until the three boys had each completed their four years of education. Victor and Jasmine thought this sounded reasonable. So on June 1, a week after talking with the bank manager, they deposited the sum of money necessary to finance their sons’ post-secondary educations. Questions a. How much allowance will each of the boys receive per month based on their parents’ assumptions of price increases? b. (i) How much money must Victor and Jasmine invest for each son on June 1 to provide them the desired allowance? (ii) Create a timeline of events for each of the sons. (iii) What is the total amount invested on June 1?
GCCCD Module 22 Stat Crunch Directions and T Score Calculations Problems
Learn by DoingMatched Pairs: In this lab you will learn how to conduct a matched pairs T-test for a population mean using ...
GCCCD Module 22 Stat Crunch Directions and T Score Calculations Problems
Learn by DoingMatched Pairs: In this lab you will learn how to conduct a matched pairs T-test for a population mean using StatCrunch. We will work with a data set that has historical importance in the development of the T-test.Some features of this activity may not work well on a cell phone or tablet. We highly recommend that you complete this activity on a computer.Here are the directions, grading rubric, and definition of high-quality feedback for the Learn by Doing discussion board exercises. A list of StatCrunch directions is provided at the bottom of this page.ContextGosset's Seed Plot DataWilliam S. Gosset was employed by the Guinness brewing company of Dublin. Sample sizes available for experimentation in brewing were necessarily small. At that time, Gosset contacted a famous statistician Karl Pearson (1857-1936) and was told that there were no techniques for developing probability models for small data sets. Gosset studied under Pearson, and the outcome of his study was perhaps the most famous paper in statistical literature, "The Probable Error of a Mean" (1908), which introduced the T-distribution.Since Gosset was employed by Guinness, any work he produced would be owned by Guinness, so he published under a pseudonym, "Student"; hence, the T-distribution is often referred to as Student's T-distribution.To illustrate his analysis, Gosset used the results of seeding 11 different plots of land with two different types of seed: regular and kiln-dried. He wanted to determine if drying seeds before planting increased plant yield. Since different plots of soil may be naturally more fertile, this confounding variable was eliminated by using the matched pairs design and planting both types of seed in all 11 plots.The resulting data (corn yield in pounds per acre) are as follows.PlotRegular seedKiln-dried Seed11903200921935191531910201142496246352108218061961192572060212281444148291612154210131614431115111535We use these data to test the hypothesis that kiln-dried seed yields more corn than regular seed.Because of the nature of the experimental design (matched pairs), we are testing the difference in yield.PlotRegular seedKiln-dried SeedDifference119032009–10621935191520319102011–10142496246333521082180–7261961192536720602122–62814441482–38916121542701013161443–1271115111535–24Note that the differences were calculated: regular − kiln-dried.VariablesRegular seed: regular seeds that were traditionally used for plantingkiln-dried: seed that were kiln-dried before plantingDataDownload the seed (Links to an external site.) data file, and then upload the file into StatCrunch. PromptState the hypotheses and define the parameter.Checking conditions: Since Gosset invented the T-distribution, we will assume that his sample meets the conditions and proceed with the T-test. Regardless, answer these questions to demonstrate your understanding of the conditions for use of the T-model.But first you will need to review the dotplots for the data (opens in a new tab).
Which graph is used to check conditions? Why?What do we look for in the graph to verify that conditions are met?What else do we need to know about the sample of seeds before using the T-test?Use StatCrunch to find the T-score and the P-value. Hint: as you work through the StatCrunch directions, keep in mind that we want to calculate the differences as regular − kiln-dried . So you will choose Regular seed for Sample 1 and kiln-dried seed for Sample 2. (directions)Copy and paste the information in the StatCrunch output window into your initial post.State a conclusion based on the context of this scenario.List of StatCrunch DirectionsEach link will open in a new window. To return to this discussion, either close the new tab or select the tab for this discussion. Create Your Stats-Class Folder in Canvas (You only need to do this once.)Purchase StatCrunch (You only need to do this once.)Open StatCrunchDownload Excel Data FileUpload Excel Data File to StatCrunchDownload StatCrunch Output Window (no screenshots; please use these directions)Upload Files into Your Stat-Class Folder in CanvasConduct Matched-Pairs T-testCopy & Paste a StatCrunch TableHere is a PDF document with all StatCrunch directions (Links to an external site.).
4 pages
Sampling Techniques
The selection was done in 5 metropolitan hospitals on the east coast and only registered and The recruits were to be 18 ye ...
Sampling Techniques
The selection was done in 5 metropolitan hospitals on the east coast and only registered and The recruits were to be 18 years old and above and only ...
The population of predators and prey in a closed ecological system tends to vary periodically over t
The population of predators and prey in a closed ecological system tends to vary periodically over time. In a certain syst ...
The population of predators and prey in a closed ecological system tends to vary periodically over t
The population of predators and prey in a closed ecological system tends to vary periodically over time. In a certain system, the population of owls O can be represented by where t is the time in years since January 1, 2001. In that same system, the population of mice M can be represented by . What is the maximum number of mice and how many years does it take to reach this population for the first time? A. 500 mice, 14 years B. 500 mice, 7 years C. 700 mice, 4 years D. 700 mice, 7 years
Compound Annually Grow Interest Accountability
1. How long did it take $4,625 earning 7.875% compounded annually to grow to $8,481.61?
2. The current balance on a loan ...
Compound Annually Grow Interest Accountability
1. How long did it take $4,625 earning 7.875% compounded annually to grow to $8,481.61?
2. The current balance on a loan is $3,837.30. If the interest rate on the loan is 10% compounded
monthly, how long ago was the $2,870 loan made?
3. What is the remaining time until the maturity date of a $10,000 strip bond if it is purchased for
$4,011.33 to yield 6.4% compounded semiannually until maturity?
4. A few years ago, Avtar invested $6,000 in a compound-interest GIC that earned 4.5%
compounded semiannually. He recently received the maturity value of $7,168.99. What was the
term of the GIC?
5. Rounded to the nearest month, how long will it take an investment to double if it earns:
a. 8.4% cm?
b. 10.5% csa? 6. Rounded to the nearest month, how long will it take an investment to quadruple if it earns:
a. 8% ca?
b. 9% csa?7. Which interest rate would you prefer to earn on a three-year GIC: 6% compounded monthly,
6.1% compounded quarterly, 6.2% compounded semiannually or 6.3% compounded annually?8. What is the effective rate of interest on a credit card that calculates interest at a rate of 1.8%
per month?9. If the nominal rate of interest paid on a savings account is 2% compounded monthly, what is the
effective rate of interest?10. If a $5,000 investment grew to $6450 in 30 months of monthly compounding, what effective
rate of return was the investment earning? 11. Lisa is offered a loan from a bank at 7.2% compounded monthly. A credit union offers similar
term, but at a rate of 7.4% compounded semiannually. Which loan should she accept? Present
calculations that support your answer.
Earn money selling
your Study Documents