Week 4 15.18 Sixty-four students in an introductory college economics class were asked how many credits they had earned in college‚ and how certain they were about their choice of major. Research question: At α = .01‚ is the degree of certainty independent of credits earned? Certaint Credits Earned | Very Uncertain | Somewhat certain | Very Certain | Row Total | 0–9 | 12 | 8 | 3 | 23 | 10 to 59 | 8 | 4 | 10 | 22 | 60 or more | 1 | 7 | 11 | 19 | Col Total | 21 | 19 | 24 | 64 |
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Key Figures for the Exercises‚ Problems and Cases To Accompany Managerial Accounting Creating Value in a Dynamic Business Environment 9th Edition McGraw-Hill/Irwin 2011 by Ronald W. Hilton CHAPTER 1 No key figures. CHAPTER 2 E 2-24 Beginning inventory of finished goods‚ case I: $84‚000 E 2-25 1. Total compensation: $720 E 2-26 2. Total overtime premium: $20 E 2-29 2. Cost of goods sold: $820‚000 E 2-30 (f) $77‚000 (o) $110 E 2-31 2. Cost per call
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Professional Development of Nursing Professionals The Robert Wood Johnson Foundation and the Institute of Medicine‚ (IOM) introduced a two year contract in 2008 (IOM‚ 2010). The basis of the contract is recommendations‚ which will impact the future of nursing care‚ and include changes in “public and institutional policies at the national‚ state‚ and local levels” (Future‚ 2010). This essay will provide a basic understanding of the IOM’s contract‚ including the impact on nursing education‚ nursing
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Price Elasticity: Price Elasticity is used to explain the degree of responsiveness of the demand for a product to a change in its price. Ep=Percentage change in quality demanded/Percentage change in price (Ep=Price Elasticity) Practical applications of Price Elasticity: 1) Helps in fixing the prices of different goods: It helps a producer to fix the price of his product. A higher price is charged if the demand for the product is inelastic and a lower price is charged if the demand for the product
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Q1. (a) ‘Statistics is the backbone of decision-making’. Comment. Ans.(a) Due to advanced communication network‚ rapid changes in consumer behavior‚ varied expectations of variety of consumers and new market openings‚ modern managers have a difficult task of making quick and appropriate decisions. Therefore‚ there is a need for them to depend more upon quantitative techniques like mathematical models‚ statistics‚ operations research and econometrics. Decision making is a key part of our day-to-day
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QMT2033 BUSINESS STATISTICS Assignment for mid -term break 1. Most of the information technology developers claim that wireless connection would give speed of at least 11 Mbps compared to wired connection. A sample of 105 computers using wireless connection shows it gives a mean of 11.7 Mbps and a standard deviation of 2.3 Mbps. a) Do you think that the wireless usage should be implemented? Test at 7% significance level). b) Repeat the test by using p-value approach. 2. A jack is usually used
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MANAGERIAL ROLE: 1. INTERPERSONAL ROLES (i). Figurehead role- In this role a manager performs symbolic duties required by the status of his office. Making speeches‚ bestowing honors‚ welcoming official visitors‚ distributing gifts to retiring employees are examples of such ceremonial duties (ii). Leader- This role defines the manager’s relationship with his own subordinates. The manager sets an example :legitimizes the power of subordinates and brings their needs in accord with those of his
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THE MANAGER’S JOB IN CONTEXT Mangers are the building blocks of an organisation. They are the first persons to be answerable for every good and bad that happened in any organisation. Their job is to look after many things that are happening in an organisation and maintain the path of an organisation smooth and competitive with less hurdles and disturbances. In order to achieve this‚ managers have to work both physically and mentally in many areas and they even have to make their employees to work
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Examine the reasons why some sociologists choose to use official statistics when conducting research. Firstly‚ official statistics are a source of secondary quantitative data which are gathered by the government or other official bodies. Many reasons for their use by sociologists when conducting research stems from the fact that they are a form of secondary data; meaning that they are not collected by the sociologist themselves. This makes them high in practicality‚ representativeness and reliability
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Subject Areas Use of Statistics 1. World of Sports • Enter results from the different tournaments around the world • Research projects to improve the quality of the game and keep the fans interested • provide analysis on players and team strategy‚ as well as tackle larger research projects • statistical t tools include basic regression analysis‚ logistic regression‚ Monte Carlo simulation‚ classification‚ and hierarchical regression 2. Education • Statistics provides simple yet instant information
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