Practice Test Part I - Multiple Choice 1. Suppose that the scatterplot of (log x‚ log y) shows a strong positive correlation Which of the following must be true? I. The variables x and y also have a correlation close to 1. II. A scatterplot of (x‚ y) shows a strong nonlinear pattern. III. The residual plot of the variables x and y shows a random pattern. (a) I only (b) II only (c) III only (d) I and II (e) I‚ II‚ and III 2. What is the purpose of residual plots? (a) To determine
Premium Causality Plot Correlation does not imply causation
Income is an economic standard to retain a successful life in today’s society. An average individual hopes for stable‚ reliable and a fair income‚ however‚ when the standards don’t meet expectation‚ it gives rise to social and economic issues. One of the more prominent issue we are facing in our income inequality. The standard definition for income inequality would be the gap between individuals or households who makes the most money and who makes the least‚ or as some would put it‚ the gap between
Premium Economic inequality Poverty Economics
Executive Summary This report analyses the costs associated with two of Coffee Beans Inc. products‚ Moana Loa and Malaysian blends based on two different costing methodologies‚ namely the traditional job costing system that the company uses so far and the Activity Based Costing (ABC). ABC provides us with a more detailed and accurate estimation of the real cost of the products and it can serve as the basis for suitable strategic decisions‚ concerning products mix‚ pricing‚ suppliers and market
Premium Cost Costs Cost accounting
All That Heaven Allows Subverts the 1950’s Woman’s Film A widow named Cary Scott‚ the protagonist of All That Heaven Allows (1955)‚ shows forbidden desires for a much younger gardener presenting many female topics that would usually go unrecognised‚ such as fantasy‚ wistfulness‚ desire and unconventional romance and this is perceived remarkably well with the narrative. Douglas Sirk‚ an auteur directs this melodrama giving this genre of film a new meaning. He enjoyed working for many studios
Premium Film Sociology Photographic film
component of the Income Statement and the Balance Sheet Determine how Income Statement and Balance Sheet are use in making financial decision 1 6/23/2014 BASIC Terms • FINANCIAL STATEMENT represent a formal record of the financial activities of an entity. These are written reports that quantify the financial strength‚ performance and liquidity of a company. It reflect the financial effects of business transactions and events on the entity. • INCOME STATEMENT also known
Premium Generally Accepted Accounting Principles Income statement Balance sheet
which are Income Smoothing and Big Bath. “Income Smoothing involves taking steps to reduce the good years and defer them for use during the business down-turn years” (Gin Chong‚ 2006). In comparison‚ Big Bath manipulation in the financial statistics indicates a great fluctuation. However‚ Income Smoothing is more ethical in accounting practice than Big Bath due to the reasons compared below. Income Smoothing has been applied in financial accounting because of its value. At first‚ a company uses it
Premium Generally Accepted Accounting Principles Revenue Management
The structure of the enzyme is mainly dependent on the active site and variable groups. Extreme temperatures or extreme pHs can alter the structure of an enzyme. Enzymes function to lower the activation energy to break the bonds. They achieve this by putting stress and pressure on the bonds or creating a microenvironment for the substrate. Enzymes are regulated by inhibitors or activators and can be inhibited by the products of the reaction‚ called feedback inhibition. Enzymes are catalytic
Premium Enzyme Enzyme inhibitor Catalysis
8.1 BINOMIAL SETTING? In each situation below‚ is it reasonable to use a binomial distribution for the random variable X? Give reasons for your answer in each case. (a) An auto manufacturer chooses one car from each hour’s production for a detailed quality inspection. One variable recorded is the count X of finish defects (dimples‚ ripples‚ etc.) in the car’s paint. No: There is no fixed n (i.e.‚ there is no definite upper limit on the number of defects). (b) The pool of potential jurors for
Premium Random variable Customer service Probability theory
193/6‚141= 0.3571 = 35.71% growth Based only on your answers to question #1‚ do you think the company achieved its sales goal of +10% annual revenue growth in 2009? Determine the target revenue figure‚ and explain why you do or do not feel that the company hit its target. Yes‚ in 2009 the company tripled their goal of 10% annual growth. Pass years they where under 10% annual growth. In 2009 the company achieved a growth of 35.71% therefore making its target. Part 2 1. Use the Percentage Sales
Premium Revenue
Many Americans believe that we live in a society that allows everyone the same opportunity for success. This however‚ is not the case. According to the article and many studies‚ this opportunity is decreasing and if nothing is done‚ the very ideals on which our country stands could no longer exist. Income inequality is growing and there are less chances for social advancement‚ especially for those who are in the lower classes. The United States is running the risk of turning into class-bases society
Premium United States Economic inequality Social class