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Open Question: In Blaming Bush, does Obama take advantage of an ignorant populace?

http://archives.clintonpresidentialcenter.org/?u=102397-vp-announces-record-homeownership-level.htm http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html http://www.presidency.ucsb.edu/ws/index.php?pid=51448 Subprime Mortgage began in 1994 October 23, 1997 (From the Clinton Archives) In 1994, President Clinton, along with the National Partners in Homeownership, set a goal for the nation to achieve an all-time high homeownership rate by the year 2000. Today -- a full three years early -- the Census Bureau reported that in the third quarter of 1997 the homeownership rate climbed to its highest level ever. Here are some of the results from the Census report, as well as other housing-sector statistics: --In 1995, at the request of President Clinton, the Administration convened the National Partners in Homeownership to carry out a National Homeownership Strategy -- The Clinton Administration has cut FHA home mortgage insurance premiums four times --In 1999, under pressure from the Clinton administration, Fannie Mae, the nation's largest home mortgage underwriter, relaxed credit requirements on the loans it would purchase from other banks and lenders, hoping that easing these restrictions would result in increased loan availability for minority and low-income buyers. Putting pressure on the GSE's (Government Sponsored Enterprise) Fannie Mae and Freddie Mac, the Clinton administration looked to increase their sub-prime portfolios, including the Department of Housing and Urban Development expressing its interest in the GSE's maintaining a 50% portion of their portfolios in loans to low and moderate-income borrowers.[9] Fannie Mae Eases Credit To Aid Mortgage Lending WASHINGTON, Sept. 29, 1999 — In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. ***** Fannie Mae officials say they hope to make it a nationwide program by next spring. *** --BUSH REGULATORY OVERHAUL OF FANNIE/FREDDIE BLOCKED BY DEMOCRATS http://www.nytimes.com/2003/09/11/business/new-agency-proposed-to-oversee-freddie-mac-and-fannie-mae.html?pagewanted=all New Agency Proposed to Oversee Freddie Mac and Fannie Mae By STEPHEN LABATON Published: September 11, 2003 WASHINGTON, Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago. The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors. Democrats BLOCKED all attempts in Subcommittee --Supporters of the companies (Fannie/Freddie) said efforts to regulate the lenders tightly under those agencies might diminish their ability to finance loans for lower-income families. -- ''These two entities -- Fannie Mae and Freddie Mac -- are not facing any kind of financial crisis,'' said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ''The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.'' Representative Melvin L. Watt, Democrat of North Carolina, agreed. ''I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,'' Mr. Watt said.You have either NOT read the above facts, or have chosen to ignore them.However, you are proving my point to perfection. more

Resolved Question: Dems want to "reform" the Mortgage Finance Industry- Uh.. haven't we been down this road before?

http://thehill.com/blogs/on-the-money/banking-financial-institutions/114873-democrats-face-battle-in-mortgage-finance-overhaul http://archives.clintonpresidentialcenter.org/?u=102397-vp-announces-record-homeownership-level.htm http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html http://www.presidency.ucsb.edu/ws/index.php?pid=51448 Subprime Mortgage began in 1994 October 23, 1997 (From the Clinton Archives) In 1994, President Clinton, along with the National Partners in Homeownership, set a goal for the nation to achieve an all-time high homeownership rate by the year 2000. Today -- a full three years early -- the Census Bureau reported that in the third quarter of 1997 the homeownership rate climbed to its highest level ever. Here are some of the results from the Census report, as well as other housing-sector statistics: In 1995, at the request of President Clinton, the Administration convened the National Partners in Homeownership to carry out a National Homeownership Strategy Lowered Closing Costs By $1,200 for Qualified First-Time Home Buyers. The Clinton Administration has cut FHA home mortgage insurance premiums four times In 1999, under pressure from the Clinton administration, Fannie Mae, the nation's largest home mortgage underwriter, relaxed credit requirements on the loans it would purchase from other banks and lenders, hoping that easing these restrictions would result in increased loan availability for minority and low-income buyers. Putting pressure on the GSE's (Government Sponsored Enterprise) Fannie Mae and Freddie Mac, the Clinton administration looked to increase their sub-prime portfolios, including the Department of Housing and Urban Development expressing its interest in the GSE's maintaining a 50% portion of their portfolios in loans to low and moderate-income borrowers.[9] Fannie Mae Eases Credit To Aid Mortgage Lending WASHINGTON, Sept. 29, 1999 — In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. ***** Fannie Mae officials say they hope to make it a nationwide program by next spring. *** (((((New Agency Proposed to Oversee Freddie Mac and Fannie Mae))))) By STEPHEN LABATON Published: September 11, 2003 WASHINGTON, Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago. Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac DEMOCRATS BLOCKED IT ! more

Open Question: Statistics question... I NEED HELP!!!!!?

A large retailer receives shipments of batteries for consumer electronic products in package of 50 batteries. The package are held at a distribution center and are shipped to retail stores as requested. Because some packages may contain defective batteries, the retailer randomly samples 400 samples packages from its distrubition center and tests to determine whether the batteries are defective or not. The most recent sample of 400 packages revealed the following observed frequencies for defective batteries per package: # of defective batteries & Frequency of occurence 0 --> 165 1 --> 133 2 --> 65 3 --> 28 4 or more --> 9The retailer's manager would like to know if they can evaluate the sampling plan using a binomial distrubution with n = 50, and pi = .02, and alpha = .01 level of significance. more

Resolved Question: How painful can the Truth possibly be?

Resolved Question: Will our Government try to "Fix" the Housing Market again?

Voting Question: Why do liberals ignore the cause of our economic fall, and vote for those that caused it.. to fix it?

The Subprime Mortgage Crisis Created our Economic Mess October 23, 1997 (From the Clinton Archives) In 1994, President Clinton, along with the National Partners in Homeownership, set a goal for the nation to achieve an all-time high homeownership rate by the year 2000. Today -- a full three years early -- the Census Bureau reported that in the third quarter of 1997 the homeownership rate climbed to its highest level ever. Here are some of the results from the Census report, as well as other housing-sector statistics: In 1995, at the request of President Clinton, the Administration convened the National Partners in Homeownership to carry out a National Homeownership Strategy Lowered Closing Costs By $1,200 for Qualified First-Time Home Buyers. The Clinton Administration has cut FHA home mortgage insurance premiums four times http://archives.clintonpresidentialcenter.org/?u=102397-vp-announces-record-homeownership-level.htm In 1999, under pressure from the Clinton administration, Fannie Mae, the nation's largest home mortgage underwriter, relaxed credit requirements on the loans it would purchase from other banks and lenders, hoping that easing these restrictions would result in increased loan availability for minority and low-income buyers. Putting pressure on the GSE's (Government Sponsored Enterprise) Fannie Mae and Freddie Mac, the Clinton administration looked to increase their sub-prime portfolios, including the Department of Housing and Urban Development expressing its interest in the GSE's maintaining a 50% portion of their portfolios in loans to low and moderate-income borrowers.[9] http://en.wikipedia.org/wiki/Subprime_lending Fannie Mae Eases Credit To Aid Mortgage Lending WASHINGTON, Sept. 29— In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders. The action, which will begin as a pilot program involving 24 banks in 15 markets -- including the New York metropolitan region -- will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. ***** Fannie Mae officials say they hope to make it a nationwide program by next spring. *** http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html more

Open Question: Earth’s largest economy…American Women. Women how do you feel about being treated as a consumer object?

"Women’s marketplace dominance is clear in every area. Statistics overwhelm and convince us that women are the market and the economy as demonstrated not only by the Business Women’s Network but Marty Barletta in her new book on marketing to women. Marty Barletta notes, “Women are responsible for 83% of all consumer purchases. * Home furnishings (94%) * Vacations (92%) * Houses (91%) * Consumer electronics (51%) * Cars (60% of purchases and influence 90%)" http://www.roadandtravel.com/newsworthy/newsandviews04/womeninmarketplace.htm ------------------------------------------------------ Women are the dominant spending force in almost every retail/business category and are the most affluent and influential consumers of today. * Of all consumer purchases, women are responsible for 83% * Homes: Directly purchase or influence the purchase of 91% of all new homes * Home fix-up purchases: More than 55% * Retail: Account for 88% of customers in the US & Canada * Auto: Make more than 50% of all auto purchases and influence 85%. * Home furnishings: 94% * Vacation choices: 92% * House purchases: 91% * Consumer electronics purchases: 51% (women are involved in 89% of all consumer electronic purchase decisions) * Home Computers: Account for 66% of all purchases * Bank Accounts: Hold 89% of all accounts * Credit Cards: Women carry 76 million credit cards, 8 million more then men—(Fast Company, 2004) * Healthcare: Make 80% of Healthcare decisions and account for 67% of spending * Health: Purchase 65% of herbal remedies, vitamins and minerals and purchase 80% of all healthcare * Beauty and hygiene: Purchase more than 90% * Clothes, accessories: Wear more than 90% of items such as jewelry and perfume * Meetings: Plan the meetings and comprise the majority of certified meeting planners * Office Supplies: Purchase $44.5 billion * Lawn movers: Purchase approximately 81% of riding lawn mowers All facts noted above are from the 2005 Wow! Quick Facts book and the U.S. Census Bureau, 2004 http://www.ewomennetwork.com/specialoffers/advertise.php ------------------------------------------------------ If we follow the money trail, the system makes it easy for male resources to be transfered into female hands, AA, quotas, family law. The media which is mostly aimed at women (80% of all advertising is aimed at women), tells you that men are always wrong so when he says dont buy you are less likely to listen and it tells you what to buy so the resources transfer up to the corporations that make the products and your media with relative ease. The question is, while we hear so much about women being sexually objectified and how evil it is, why is there no good or accurate discussion and analysis on the objectification of women as consumer units whos behaviour patterns are inputted via the mass media? In fact, this hype monetising and controlling of gathering behaviour is often depicted as being sucess, by certain groups.***In fact, this hyper monetising and controlling of gathering behaviour is often depicted as being sucess, by certain groupsYes dark eyes, family necessities and office supplies are covered in the categories above. more

Voting Question: can anyone help w/ fixing my grammar? im a international student...?

Please help... im a international student. Hewlett-Packard Company is known as world’s largest maker of personal computers and also one of the world's largest information technology companies operates in nearly every country. William R. Hewlett and David Packard found this company in 1939. HP’s Major product lines include personal computing devices, enterprise servers, related storage devices, as well as a diverse range of printers and other imaging products. They are targeting in variety of fields; households, small to medium sized businesses and as well as online distribution, consumer-electronics and office-supply retailers, software partners and major technology vendors. As a world’s largest information technology company, there are still few problems that company is facing. Few of the problems that HP is facing are drop in sales, decline in imaging and printing group avenue, and decline in software revenue. One of the major problem that HP is facing is that drop in sales. HP saw its sales dropped 19 percent to $8.19 billion: PCs, Printers, Servers, and Software. There are some possible reasons why the sale has declined due to possible economic crisis, quality of products, trend of new technologies, and other competitors in the market. By looking at an evidence of constant drops of HP’s sales, there are some possibilities that HP’s sales wouldn’t improve in anytime soon. At this point, serious action must be taken to solve this problem. There are many ways to solve the issues starting from switching the locations/territories, and plan a better advertisement/marketing strategy. But my recommendation to this solution is to improve products and sales by managing the relationship between development and sales team, and catch up with the new trend of the technologies and hit the market with the new product that has same benefit, much more convenient, and more affective compared to PC products. To support my thought of recommendation, besides looking at the formal graph of statistics, we can easily find the mobile phone that has same function as computer. According to Forrester Researcher Report, they have researched and has clearly announced with their back up evidence that PC sales will continue to decline, much as they have for the past several years. Just by planning or making a first step into this industry will have a huge impact of HP’s future. more

Resolved Question: DESPERATE FOR STATISTICAL INPUT!?

You have data on the summer earnings of a sample of 1,000 college students. What numerical summary should you use to describe the earnings data? Answer Consumer price index Correlation coefficient Five-number summary Least-squares regression line Standard score Athletes make more now, but prices are also higher than in the past. In 1995, the basketball player Glenn Robinson signed a contract for $68 million. How much is this in 1975 dollars? (The CPI was 53.8 in 1975 and 152.9 when Robinson signed) Answer about $193 million about $85 million about $68 million about $24 million about $14 million When Julie entered college in 1990, she dreamed of making $30,000 when she graduated. The CPI in 1990 was 130.7. Julie graduated in 1995 (Thinking about money rather than studies slowed her progress a bit.) The June 1995 CPI was 152.9. What must Julie earn in order to have the same buying power that $30,000 had in 1990? Answer About $45,900 About $39,200 About $35,100 About $25,600 Can’t say from the information given The governments of all developed nations produce large volumes of data on economic and social issues. Canada, like most countries, has a single national statistical office (Statistics Canada) that is responsible for these data. In the United States, Answer all federal statistics are handled by the Bureau of Labor Statistics there are separate statistical offices in each federal agency (more than 70 of them) all data are produced by the states--there are no federal statistical agencies all data are produced by private firms--there are no federal statistical agencies There are separate CPIs for various components of the market basket. For example, the CPI for Cable TV (1982-84=100) was 200.7 in 1996. If there were adjustments in the Cable TV index due to quality improvements (e.g., more channels now than in 1984), would the increase to Cable TV rates be greater, smaller, or the same as in the previous question? Answer greater smaller the same could be either greater or smaller the question doesn’t make sense The Internal Revenue Services examines an SRS of income tax returns. Because of the shape of the distribution, you would describe this distribution numerically by giving Answer the mean and standard deviation the correlation coefficient incomes in real terms, using the CPI the standard deviation and the correlation the five-number summaryI have figured out the 2nd, 3rd, and fourth answer after tons of research; however, I am still confused on the rest. Please help!Thank you very much :) more

Resolved Question: This is an example of what phase of inferential statistics?

A production manager tests 10 light batteries and finds that their mean lifetime is 468 hours. She then designs a sales package for this type of bulb stating that consumers can expect it to last approximately 500 hours. This is an example of what phase of inferential statistics? i know the answer isnt data organiation. & idk what probability based inference is.. A.Data organization B.Probability-based inference C.Data analysis D.Data gathering more

Resolved Question: Is there a measurable or historical statistic for "jobs saved'?

I've never heard that term until a couple of months ago when Obama took off on his 'recovery tour'. Can someone show me how that number was arrived at? Or is Obama just talking trash because there is no good news? The economy is getting worse by Obama's own REAL statistics. Growth for the second quarter slowed from 3.7% to 2.4%. http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm Stores are empty and or closed. No one is going out. It's like America has died out there! No one has ANY consumer or business confidence in this President. Can we hold on until 2013? more

Resolved Question: Can someone help me with this Statistics question? Thank you!?

As a marketing analyst for Imperial Products, your task is to determine if a new product is worth marketing nationwide. The director of marketing has stated that at least 85percent of the public must express some desire for the product and, for those who exhibit an interest, the average cost they are willing to pay must be at least $47.50. The director insists that you be 95 percent certain of your findings. To respond to the director’s request, you survey 50 potential consumers regarding their interest in the product. Thirty-four express an interest in purchasing it. The maximum price each would be willing to pay is shown below. How would you reply to the director’s request for information? Should the product be marketed? How large should the sample be if you want to maintain a 95 percent level of confidence and suffer a maximum error of $2.00 in your estimate of the highest price consumers are willing to pay? ______________________________________ Maximum Prices ______________________________________ 476246 435334 544535 653632 544531 343625 383756 354365 434854 374665 544247 63 more

Resolved Question: TI-83 Plus statistics help! confidence intervals?

Can someone help me figure out what test I need to run for these numbers? I can't figure any of it out! Here's the questions: For large US companies, what percentage of their total income comes from foreign sales? Random sample of technology companies gave the following information: Technology companies, % foreign revenue: x1;n1=16 62.8, 55.7, 47.0, 59.6, 55.3, 41.0, 65.1, 51.1, 53.4, 50.8, 48.5, 44.6, 49.4, 61.2, 39.3, 41.8 Another independent random sample of basic consumer product companies gave the following information: Basic consumer product companies, % foreign revenue, x2;n2=17 28.0, 30.5, 34.2, 50.3, 11.1, 28.8, 40.0, 44.9, 40.7, 60.1, 23.1, 21.3, 42.8, 18.0, 36.9, 28.0, 32.5 Assume that the distributions of percentage foreign revenue are mound-shaped and symmetric for these two company types. A) Use a calculator with mean and standard deviation keys to verify that xbar1= 51.66, s1=7.93, xbar2=33.6 and s2= 12.26 B) Let u1 be the population mean for x1 and let u2 be the population mean for x2. Find an 85% confidence interval for u1-u2. C)Which distribution (standard normal or student's t) did you use. Why? What test do I use on the TI-83 Plus to get these numbers, I cant remember and have tried everything. Any help is greatly appreciated! more

Voting Question: Ok...so my school has all of ONE AP class...will that hurt my chances of getting into college?

The class is AP Statistics and I know i'm going to take it already as well as Pre-Calculus/Trig., Physics, Government, Consumer Economics, and English as my hard courses but will the fact that my school is barely a blip on the AP monitor and just plain advanced courses hurt me?? I'm going to major in Business soooo what classes should I take if I can. Oh and I'm volunteering at the city's Chamber of Commerce in the marketing division throughout the school year will that look good?? more

Resolved Question: Need help on basic economic question?

What price range is better for the company to set their orange juice on? Statistics of gallons of orange juice that consumers want to buy in one month after a national survey. 1At $10 (per each gallon) most people will buy 1Gallon 2At $5most people will buy 6Gallons 3At $1 most people will buy 10Gallons Ok so I said that option 2 is better because 5 times 6 is 30 dollars but my friend says that option 1 is better because of less labor and thus you make more money. Which one is the best option for the economy?lol sorry I meant for the company not economy more

Voting Question: Statistics help please!?

With these 2 problems- thank you! 10 points! A normal population has a mean of 75 and a standard deviation of 5. You select a sample of 40. Compute the probability the sample mean is: a. less than74 b. between 74 and 76 c. Between 76 and 77 d. Greater than 77 AND According to an IRS study, it takes a mean of 330 minutes for taxpayers to prepare, copy, and electronically file a 1040 tax form. This distribution of time follows the normal distribution and the standard deviation is 80 minutes. A consumer watchdog agency selects a random sample of 40 taxpayers. a. What is the standard error of the mean in this example? b. What is the likelihood the sample mean is greater than 320 minutes? c. What is the likelihood the sample mean is between 320 and 350 minutes? d. What is the likelihood the sample mean is greater than 350 minutes? thanks! 10 points! more

Resolved Question: i want to do a project on statistics for economics?

it is for class xi cbse (holiday assignement) the project should include introduction, steps towards making a project, choice of target group, collection of data, organisation and presentation of data, analysis and interpretation, conclusion, bibliography. suggested list of projects: 1. consumer awareness 2. as a representative of a local gvt. you want to asses the participation of women in various employement schemes in your area . prepare a project report. more

Resolved Question: United States of America v. Arizona, who will win?

We need Immigration Reform, not idiotic laws like SB1070 that does nothing for our border security. This law was either brought up just to get more Republican votes or its just plain discrimination and ignorance. There is no need for this law, they have been using nothing but lies and twisted statistics to shove that bill through. Backers of the bill maintain that crime is a key reason for the necessity of the tough immigration law. Yet, a look at statistics from the U.S. Customs and Border Protection agency and the FBI indicate that both the number of illegal crosses and violent crime in general have actually decreased in the past several years. According to FBI statistics, violent crimes reported in Arizona dropped by nearly 1,500 reported incidents between 2005 and 2008. Reported property crimes also fell, from about 287,000 reported incidents to 279,000 in the same period. These decreases are accentuated by the fact that Arizona's population grew by 600,000 between 2005 and 2008. Proponents of the bill overlook two salient points: Crime rates have already been falling in Arizona for years despite the presence of unauthorized immigrants, and a century's worth of research has demonstrated that immigrants are less likely to commit crimes or be behind bars than the native-born. And the truth is, illegals contribute significantly to the U.S. Economy. They claim that illegals cost more then they put in is totally false. Immigrants Pay More In Taxes Than They Use In Services Over Their Lifetimes: Depending on skills and level of education, each immigrant pays, on average, between $20,000 and $80,000 more in taxes than he or she consumes in public benefits. They pay BILLIONS in taxes, and many don't claim taxes. Those taxes help many things like Social Security, Medicare, local schools and even road maintenance. Their hard work and determination helps U.S. companies and farms stay competitive in today's fierce market. They work very hard and for low wages, and this help companies make record breaking profits, and that allows them to keep their prices low. U.S. farms will not operate without illegal immigrant workers, and that means more farms will shut down or move to Mexico where the workers are without immigration issues. They pump BILLIONS into our economy as consumers. Illegals are just like you and I, they buy houses, cars, cloths, food, electronics, music and the list goes on and on. Hispanic illegals are part of the Hispanic Purchasing Power in America that's expected to reach $1TRILLION by 2011. Illegal Immigrants have been found to be a GOOD mortgage risk. Even with these bad times, they are able to find a way to pay their monthly payment, but at the same time we are adding more of these homes to the foreclosure list by deporting them. THE USA WILL SUFFER WITHOUT ILLEGALS, BELIEVE OR NOT!THE COST OF DEPORTING ALL ILLEGALS IS HIGHER THEN ANYONE CAN IMAGINE, LETS BRING IN THE AMNESTY PEOPLE.THE TRUTH HURTS.http://www.cnn.com/2010/CRIME/04/29/arizona.immigration.crime/index.html?hpt=T2 http://www.aollatinoblog.com/2008/04/14/do-immigrants-pay-their-fair-share-of-taxes-you-bet-they-do/ http://www.azcentral.com/business/articles/2008/04/10/20080410biz-TaxingImmigrants-10.html http://www.nytimes.com/2007/09/04/world/americas/04iht-export.4.7380436.html?_r=1&adxnnl=1&adxnnlx=1278514864-svORprT6WV4MeQLrAAYLYA http://www.cnn.com/2007/US/10/01/hispanics.economy/index.html?eref=ib_topstories http://www.oliverwillis.com/2007/10/11/illegal-immigrants-turn-out-to-be-good-mortgage-risks/ http://wildcat.arizona.edu/2.2255/dollars-and-sense-economy-native-workers-benefit-from-immigrant-work-1.172574 more

Resolved Question: Probability problems from statistics?

So I am having trouble with these problems. Can anyone explain how to reach the answers? The Red Lobster restaurant chain regularly surveys its customers. On the basis of these surveys, the management of the chain claims that 75% of its customers rate the food as excellent. A consumer testing service wants to examine the claim by asking 460 customers to rate the food. What is the probability that less than 70% rate the food as excellent? The proportion of eligible voters in the next election who will vote for the incumbent is assumed to be 55%. What is the probability that in a random sample of 500 voters less than 49% say they will vote for the incumbent? more

Resolved Question: HELP MEEEE.. please!!!!!!!!!!!!!!!?

1. The Department of compiles the statistics on the nation’s output and income. 1. Commerce 2. Internal Revenue 3. Health and Human Services 4. Defense 2. One weakness of a sole proprietorship is that the 1. owner has no control 2. owner has too many partners 3. owner faces unlimited liability 4. business will eventually go bankrupt 3. One advantage of a corporation is 1. unlimited liability for its owners 2. a lifespan that is not linked to a specific owner 3. the ease of obtaining a charter 4. it cannot enter into any legal contracts 4. The main advantage that partnerships have over sole proprietorships is 1. the ability to specialize 2. unlimited liability 3. the ease of obtaining a charter 4. they are more likely to succeed 5. Which of the following is an economic right of all businesses in the United States? 1. voluntary exchange 2. involuntary exchange 3. government ownership of property 4. the ability to function as a monopoly 6. Which of the following is an economic responsibility of all businesses in the United States? 1. Conduct all business in an honest and ethical manner. 2. Draft a code of ethics and make all employees sign it. 3. Close on all government regulated holidays. 4. Spread negative information about the competition. 7. More money becomes available for economic growth when 1. people save 2. pension funds increase 3. interest rates are high 4. there is high unemployment 8. Saving makes economic growth possible because 1. it means people have extra money and are spending less of it 2. buyers and sellers are working together to make saving possible 3. financial institutions lend the savings of others to those who will invest them 4. saving is more important than investing 9. In order for people to use the savings of others, the economy must have a(n) system—a network of savers, investors, and financial institutions. 1. saving 2. investment 3. transfer 4. financial 10. The United States GDP, which is the market value of all final goods and services produced in the nation in a year, is calculated by 1. adding the expenditures of the four sectors of the economy 2. multiplying production by consumption 3. subtracting total imports from exports 4. It is impossible to compute the GDP because it is impossible to measure all production data. 11. GDP is not a proper measure of the total production of the United States economy because 1. it only includes final goods 2. it does not account for household labor or volunteer labor 3. it does not take illegal or black market production into consideration 4. all of the above 12. What is the difference between real and nominal GDP? 1. Real GDP is exact, while nominal GDP is estimated. 2. Real GDP is adjusted for inflation, while nominal GDP is not. 3. Real GDP is estimated, while nominal GDP is exact. 4. There is no difference. Use the following information to determine the inflation rates. A consumer price index is used to measure the average change in price over time and to determine the inflation rate. CPI Year 1= 95 CPI Year 2= 108 CPI Year 3= 119 CPI Year 4= 140 13. What is the inflation rate from year 2 to year 3 rounded to the nearest percent? 1. 9% 2. 4% 3. 6% 4. 10% 14. What is the inflation rate from year 3 to year 4 rounded to the nearest percent? 1. 5% 2. 11% 3. 18% 4. 25% 15. Monopolies are typically created because 1. the industry has high barriers to entry that prevent many businesses from entering the industry 2. increasing competition discourages new businesses from entering the industry 3. there is a lack of business interest in an industry 4. the government promotes the establishment of monopolies 16. Monopolies face disadvantages that focus around 1. production 2. prices 3. inefficiency 4. cost 17. An oligopoly 1. is an industry dominated by a small number of firms 2. is established when perfect competition exists 3. only occurs when buyers and sellers are fully informed 4. requires a partnership 18. One distinct difference between monopolistic competition and perfect competition is 1. product differentiation 2. insignificant 3. monopolistic competition is a monopoly more

Resolved Question: HELP MEEE, *answer these questions for an online class?

Resolved Question: How many high school math courses do colleges normally require? Should I take more?

Currently I have taken Algebra, Geometry, and Algebra 2. Math is not my strong subject, and I do not plan on studying for a degree in any of its fields. Should I take Pre-Calculus, Statistics, AP Statistics, Consumer Math or next year? Do you think it is necessary I take another year of math? From what I understand most colleges look for three courses, but is Calc/Pre-Calc included in those three? more

Resolved Question: statistic question on probability.?

2. A survey for brand recognition is done and it is determined that 70% of consumers have heard of Dull Computer Company. A survey of 900 randomly selected consumers is to be conducted. For such groups of 900, would it be unusual to get 527 consumers who recognize the Dull Computer Company name. Support your answer using statistics… 3. Eighty percent of married couples paid for their honeymoon themselves. You randomly select 20 married couples and ask if they paid for their honeymoon themselves. Find the probability that the number of couples who say they paid for their honeymoon themselves is: a). exactly fifteen _____________ b). at least twelve _____________ c). less than twelve _____________ I'm not sure how to do these, any help is appreciated thanks. more

Resolved Question: Another statistics question please help once again, please and thank you.?

1. A poll of U.S. health professionals revealed 82% would choose the same career. In a hypothesis test conducted at a level of significance of 5%, a P-value of 0.023 was obtained. Choose the best interpretation of the hypothesis test. Fail to reject the null hypothesis; there is not enough evidence to reject the claim that 82% of health professionals would choose the same career. Fail to reject the null hypothesis; there is not enough evidence to support the claim that 82% of health professionals would choose the same career. Reject the null hypothesis; there is enough evidence to reject the claim that 82% of health professionals would choose the same career. Reject the null hypothesis; there is enough evidence to support the claim that 82% of health professionals would choose the same career. 2. A shipment of 30 computers contains four that are defective. How many ways can a small business buy five of these computers and receive no defective ones? 26 130 65780 142506 3. An economist is interested in studying the incomes of consumers in a particular region. The economist needs to know how large a sample should be taken so that a 95% confidence interval for their mean income with an error of $100 can be constructed. If the population standard deviation is known to be $5,000 what sample size would the economist need to use? Sample Size = 1000 Sample Size = 98 Sample Size = 9604 Sample Size = 6766 Once again sorry if I'm asking to much, but I'd really appreciate any help because I'm in a time crunch...thank you once again. more

Resolved Question: I need revenue statistics on the internet...?

Can anybody help me out, I need statistics such as revenue resulting from internet related consumer products. Such as: Average yearly money a nation spends on internet providing companies. Or: Average money spent on computers/ other internet related goods... etc. Please cite sources, attach links, or whatever so I can cite. I;d appreciate it! more

Resolved Question: Statistics- Confidence Intervals?

You work for a consumer advocate agency that randomly selected 50 repar cost for their computers. They find the mean to be $143.00. the sample standard deviation is $19.30. Construct a 95% confidence interval for the population mean, round two decimal places. ANSWER is 137.65, 148.35 NEED HELP WITTH THIS ONE Then Change the sample size to n=100 and construct a 95% confidence interval for the population mean repair cost. The 95% interval is_______, _____ more

Voting Question: How come "Socialist" Canada's economy is the strongest of the G7?

OTTAWA (Reuters) – Canada's economy expanded at the fastest clip in more than a decade in the first quarter, fueling expectations that on Tuesday the Bank of Canada will become the first G7 country to raise interest rates since the start of the recession. Statistics Canada said on Monday that consumer spending, a hot housing market and a return of business investment helped boost gross domestic product by 6.1 percent at an annual rate in the quarter, the biggest jump since the fourth quarter of 1999. Analysts had predicted 5.9 percent annualized GDP growth following revised 4.9 percent growth in the fourth quarter of last year. "It would take some fancy footwork for the Bank of Canada to pass on hiking rates tomorrow after the Canadian economy just doubled the U.S. first-quarter growth pace," said Scotia Capital economists Derek Holt and Karen Cordes Woods in a note... http://news.yahoo.com/s/nm/canada_us_economy_gdp How does a right wing American explain this? more

Resolved Question: Should an agreed upon 3% annual increase on a comm. retail lease agreement be reflected in these terms?

I am in the process of negotiating a lease agreement for a commercial retail location. We have agreed on a 3% annual increase for the rent. Does the statement below reflect this? Is this how they typically write this in lease agreements? (c) The Minimum Rent will be increased, but in no event decreased, on each anniversary of the Rent Commencement Date (each such anniversary, an "Adjustment Date") in accordance with the provisions of this paragraph and with reference to the Consumer Price Index (All Items) for All Urban Consumers for the Los Angeles-Riverside-Anaheim area (1982-1984=100) (the "Index") published by the Bureau of Labor Statistics of the United States Department of Labor. The Index published for the date which is three (3) calendar months prior to the Adjustment Date (the "Adjustment Index") shall be compared with the Index published for the date which is three (3) calendar months prior to the immediately preceding Adjustment Date, or the Rent Commencement Date, in the case of the first such adjustment hereunder (collectively the "Referenced Index"). If the Adjustment Index is greater than the Reference Index, then the annual Minimum Rent payable from and after the Adjustment Date (until the next adjustment) shall be determined by multiplying the annual Minimum Rent payable for the immediately preceding twelve (12) month period by a fraction, the numerator of which shall be the Adjustment Index and the denominator of which shall be the Reference Index. Notwithstanding the foregoing, Minimum Rent shall be increased each year by an amount equal to at least THREE (3%), of the annual Minimum Rent payable during the immediately preceding twelve (12) month period. When the adjusted annual Minimum Rent is determined after each Adjustment Date, Landlord shall give Tenant written notice indicating the amount and method of computation thereof. If at any Adjustment Date the Index shall not exist, then Landlord may substitute any official index published by the Bureau of Labor Statistics or successor or similar agency that is then most nearly equivalent to the Index. more

Resolved Question: How many billions could be saved by legalizing drugs, Dutch politicians know?

Ending drug prohibition: the ultimate austerity measure Published: 19 May 2010 14:07 | Changed: 19 May 2010 16:52 The ban on recreational drugs promotes crime and is bad for public health. By Frits Bolkestein c.s. * Archive - Tourists no longer welcome in cannabis-selling coffee shops * Archive - Dutch message to drug tourists: c'est fini * News - European court weighs cannabis ban for foreigners Austerity measures to cut public spending are a hot topic for debate everywhere in Europe. In the Netherlands, where a new parliament will be elected next month, several proposals to reduce spending by 30 billion euros are on the table. All of these proposals hit where it hurts, but one option could actually be a welcome relief: drug regulation. By 'regulation', we mean: permitting the production and sale of drugs under strict conditions designed to minimise use, while making it as safe as possible. Regulation, however, remains a colossal taboo, even in the Netherlands. And in spite of the Dutch cabinet's pledge that no subject would be taboo in its review of potential austerity measures, a government committee charged with studying possible cutbacks in the security sphere has barely dared broach the subject. It has only considered further regulating the less harmful drugs, marijuana and hashish, which could – under certain assumptions - save 183 million euros now spent on law enforcement and other government efforts, and generate 260 million in taxes. The committee said nothing of other drugs. Recreational drugs were made illegal in the Netherlands 40 years ago. But they are used more frequently than ever, and there are no indications whatsoever that prohibition is effective. It is absolutely certain, though, that prohibition is causing extensive damage, the extent of which has barely registered with the public. At least half of all crime in this country is caused by drugs, either directly or indirectly. Recent data from the Dutch justice department show that 27 to 33 percent of all years spent in incarceration are the result of violations of the law banning recreational drugs. In 2006, three quarters of the more than 300 investigations of organised crime focused on the production of, or trade in, drugs. These statistics are limited to direct violations of Dutch drug laws and pertain to dealers and drug runners, frequent offenders, the cultivation of marijuana in homes and sheds, drug mules, ecstasy labs and export and import. Indirect crimes come on top of that: bribery, threats, corruption, money laundering and the subsequent tainting of legitimate industries like real estate, retaliatory violence between drug gangs, the use of drug money to finance the illegal arms trade. And let's not even begin to mention the international consequences, which include the disruption of entire countries. These facts, unheard of in both senses of the word, are absent in the drug debate, as they are, just as surprisingly, in the security debate. Everyone worried about security would do well to consider an alternative to the current ban on recreational drugs. Amazingly enough, though, prohibition's biggest proponents are avid crime fighters. Can't they see they are effectively serving as key support to the drug mob? Could things be better? Certainly, and that is a proven fact. The 30-year Dutch experiment of selling marijuana in so-called coffee shops is unique. Regulation of this drug has not lead to increased use of marijuana or other drugs. The use of, and addiction to, all types of recreational drugs in the Netherlands lie near or below the European average, and far below the levels common in repressive countries like France, England or the US. Coffee shops have also ensured that hundreds of thousands of cannabis consumers have never acquired criminal records, or seen their driver's licenses revoked, as is common practice elsewhere. This proves prohibition is unnecessary. We can do without this unusual measure introduced to protect citizens against themselves – quite the anomaly in criminal law. Regulation works. Drug crime can be prevented. Any problems caused by regulation pale in comparison to the advantages this incredible breakthrough would offer. Take coffee shops, for instance, which have caused trouble in Dutch border areas. The city of Venlo has effectively solved these problems by moving some coffee shops to the outskirts of town, close to the German border. To draw coffee shops out of the criminal sphere entirely, the cultivation of marijuana needs to be regulated. Dutch municipalities can't wait to do so. The Dutch parliament has twice accepted a motion along these lines. As far as other drugs are concerned, pilot regulation projects need to be set up, carefully but resolutely, for cocaine, XTC, amphetamines and heroine in particular. Proposals to that extent have already been drafted. Are international drug treaties an obstacl more

Resolved Question: Math question! How would taking a statistics and probability class affect me as a consumer?

I have a final project in this class, and I'm stuck on this part. more

Resolved Question: Help with inflation problems?

4.Nickie's nominal income was $36,000 in 2006. In 2007, because of her excellent work ethic, she received a raise that increased her nominal income to $42,000. Nickie knew a lot about inflation so she decided to see how much of a raise she really received. After researching the consumer price index at the Bureau of Labor Statistics website, she found that the CPI for 2006 was 120 and it jumped to 150 in 2007. Calculate the percent change in Nickie's income in 2006 and in 2007. Was she hurt or helped by this unanticipated inflation? The percent change, I solved to be a little less than 17%. more

Resolved Question: Is this yet MORE proof that socialism doesn't work?

Socialist Europe getting flushed down the economic crapper, and now barry's BFF Chavez' Venezuela!? Venezuela annual inflation rate hits 30 percent CARACAS, Venezuela (AP) - Venezuela's annual inflation rate has surpassed 30 percent after consumer prices surged in April. The Central Bank and National Statistics Institute on Friday reported a 5.2 percent increase in consumer prices during April, driving up the annual rate to 30.4 percent. President Hugo Chavez's government has been struggling against the highest inflation rate in Latin America and a weakening economy in general. Prices increased 11.3 percent from January to April, up from 6.7 percent inflation in the same 2009 period. http://apnews.myway.com/article/20100508/D9FIDGM01.html more

Resolved Question: I want to run for president one day. Policies and resume below. what do you think?

I am 15 and i am the class president of my High School. I have a 4.2 GPA and play 2 sports for the school and I am the Class President of Student Government. Now here are my ideas for America right now and tell me whether you would vote for me one day or not. Health Care : Health Care is one of America's biggest problems today. Statistics show that Medicare and Medicaid are two of the biggest causes of our debt. Also based on what i have read on the situation 33% of the money we spend on these programs is fraud so I believe that we need to eliminate the fraud in medicare and medicaid by ensuring that the services we pay for are being provided and the services we pay for are necessary.Also based on my research i have found that if we eliminate the fraud in these systems then the cost of Health Care would drop by 15-20% for the average american family. If this happened then it is quite obvious that more people would buy it. But that is only one side of the equation. The problem we also have is that Insurance companies are denying patients coverage because they have pre-existing conditions. I agree with President Obama on this portion of his bill in which he basically makes it illegal for insurance companies to do this.Also my stats conclude that 18% of people dont have health care and unemployment is around 9% so this shows that about 1 in 10 people who work dont have health care. I think that we should allow small businesses to band together to buy Health Care for there employers just like large corporations do.I think eliminating government fraud and restrictions on Health Insurance companies are the best way to go. The Economy: I believe that we should provide tax cuts to all americans. If we lower taxes then this will improve small business growth. This is because small businesses will have more money to spend on employment and production which will ultimately lead to more consumers buying their products which will ultimately help the economy. more

Resolved Question: How do we deal with the fact that our world is run by soulless corporations/business & we don't matter?

We're literally statistics, consumers, and this entire world runs on soulless corporations/businesses, money, and what not. There literally is no "humanity," in it. We might as well be in a twilight zone episode because this world for a long time and today, clearly has no fairness, or good quality to it. It's basically a hellhole of our own making, and one that no one acknowledges or cares about. It's like, this is just how it is, has been, and we keep the ball rolling that way.Everything is a business, and people don't really care. Any job really, movies, whatever you pick it, they chain smoke, some of them, to get through the day, do things just because it is required in the system,...cops do it to meet quotas, everyone's got a deadline or someting,...to go by,.. this entire world sadly just marches to the beat of its soulless drummer.It's depressing lets say watching movies being made with actors/actresses you like, and they're chain smoking and looking miserable between takes, etc. more

Resolved Question: tough statistics problem?

The manufacture of the ColorSmart-5000 television set claims 95 percent of its sets last at least five years without needing a single repair. In order to test this claim, a consumer group randomly selects 400 consumers who have owned a colorSmart-5000 television set for five years. Of these 400 consumers, 316 say their ColorSmart-5000 television sets did not need a repair, whereas 84 say their ColorSmart-5000 television sets did need at least one repair. a) What is the estimated sample proportion? b) Find a 99 percent confident interval for the proportion of all ColorSmart-5000 television sets that have lasted at least five years without needing a single repair. zα/2 (or tα/2) = Lower Limit = Upper Limit = c) Does this confidence interval provide strong evidence that the percentage of ColorSmart-5000 television sets that last at least five years without a single repair is less than the 95 percent claimed by the manufacturer? Circle your answer and explain. Yes No Explain: d) Determine the sample size needed in order to be 99 percent confident that , the sample proportion of ColorSmart-5000 television sets that last at least five years without a single repair, is within .03 of p, the true proportion of sets that last at least five years without a single repair. Use your answer from part a): Use the conservative choice of p = 0.5: more

Resolved Question: Will you explain how to solve this statistics problem?

Hi! I am trying to complete this assignment, its made up of similar questions, if I could understand/see step by step how to work out one I feel like I could learn the rest with practice, I've been trying to find how to do it in my book but it isn't helping. 1. A company that produces auto batteries claims that its top-of-the-line Never Die batteries are good, on average, for at least 65 months. A consumer protection agency tested 9 such batteries to check this claim. It found the mean life of these 9 batteries to be 63 months with a standard deviation of 2 months. At the 5% significance level, can you conclude that the company’s claim is an overstatement? a.n = __________ b.sample average = ___________ c.standard deviation = ____________ d.alpha = ____________ ----------------------------------------------------------------------------------------------------------- e.Ho : ____________ Ha : ____________ f.Degrees of freedom if applicable = _____________ g. Critical value(s) = __________ h.Test statistic = __________ i.Approximate P-value = ___________ j.Decision: Will you reject Ho or not reject Ho?______________ k. Interpret this decision: ____________________________________ ________________________________________________________ ________________________________________________________ ________________________________________________________ more

Resolved Question: Why do people make false statements that illegals are an economic drain to the economy?

Is it because of Misinformation. A lot of people like Lou Dobbs, Glen Beck and Sean Hannity have put fear into people by twisting statistics to make Mexicans look like these horrible people. It is proven that they pay taxes(consumers,fictious Socials, Worker IDS) Only 2% of Mexican immigrants have never used welfare.In comparison, 84% pay income tax and none of them file a return. Because so many of them pay into the tax and social security and Medicaid systems without being able to retrieve any of that money or benefits, the government actually makes a substantial profit on each illegal who comes here. This has resulted in a surplus in social security funds of more than $50 billion a year just from payments applied to fictional social security numbers. After factoring in services provided, on average during his time in the US, an illegal immigrant will contribute $80,000 more to the government than he consumes in services. the crime and incarceration rates for Mexican immigrants are roughly equal to the general population and much better than most other legal and illegal immigrant groups. While the presence of immigrant workers does reduce the cost of goods and services for consumers, this is not because they lower wages, but, because without their presence, those jobs would go unfilled. According to one analysis, we would end up with 2.5 million jobs which could not be filled, leading to business closures and inflation. It might even ultimately lead to more unemployment among native workers. The skills of natives who are out of work and the skills of undocumented immigrants are different, so natives would not take the jobs which would become available if the illegals were deported. 84% of unemployed natives have at least a high-school education, while most illegal immigrants from Mexico have less than a high-school degreeAparently nobody took the time to read the facts! Amnesty does not help nor hurt the economy. http://www.numbersusa.com/content/news/april-8-2010/new-study-finds-amnesty-wont-hurt-or-help-economy-impact-population-not-considered more

Resolved Question: Statistics problem...?

Visa Card USA studied how frequently young consumers, ages 18 to 24, use plastic (debit and credit) cards in making purchase. The results of the study provided the following probabilities. -The probability that a consumer uses a plastic card when making a purchase is .37. -Given that the consumer uses a plastic card. there is a .19 probability that the consumer is 18-24 years old. -Given that the consumer uses a plastic card, there is a .81 probability that the consumer is more than 24 years old. U.S. census bureau data show that 14% of the consumer population is 18-24 years old. a.Given the consumer is 18-24 years old, what is the probability that the consumer uses a plastic card? b. Given the consumer is over 24 years old, what is the probability that the consumer uses a plastic card? c. What is the interpretation of the probabilities in part (a) and (b)? I'm pretty stuck. Will someone please show me how to do this? Thanks!!! :)HELP pleeeaaase! more

Resolved Question: AP Statistics Help!!!?

A marketing company wants to estimate the proportion of consumers in a certain region of the country who would react favorably to a new marketing campaign. Further, the company wants the estimate to have a margin of error of no more than 5 percent with 90 percent confidence. Of the following, which is closest to the minimum number of consumers needed to obtain the estimate with the desired precision? A) 136 B) 271 C) 385 D) 542 E) 769 more

Voting Question: Statistics Question, Please Help!?

An advertising agency is hired to introduce a new product. The agency claims that after its campaign 54% of all consumers are familiar with the product. We ask 7 randomly selected customers whether or not they are familiar with the product. (a) Is this a binomial experiment? Explain how you know. (b) Use the correct formula to find the probability that, out of 7 customers, exactly 5 are familiar with the product. Show your calculations or explain how you found the probability. more

Resolved Question: Help with Statistics!?

Many problems that I need help with. Particularly the correct equation to come up with the answer. Here is one: The results of a scientific poll showed that 64 out of 400 patients at a certain hospital are not satisfied with the care they received in a hospital after major surgery. A consumer advocate claims that 20% of the major surgery patients at the hospital are dissatisfied. If the advocates claim is true, what is the probability that 64 or fewer of 400 randomly selected patients would say they are dissatisfied with the after-surgery care?please please help I am pulling out my hair over this class and because I am taking the class online, I am getting no assistance in figuring this all out.Thanks for your help. I truly appreciate it. more

Resolved Question: will someone read te start of my economics essay please? need critics?

In the upcoming election much of the media attention on the political parties has been focused on their economic policies. The Government in Great Britain use monetary policies to try and control the economy as a whole. To do this target values are set in areas such as employment, balance of payments, inflation and growth. In this essay I will explain where the target rates are set and show the main instruments of economic policy used to ensure targets are met as well as the obstacles which face these policies. The target full employment rate set by the Government is 97% to allow temporary unemployment whist changing jobs. The current unemployment rate on the Office for National Statistics website is 8% which does not count students, people in training or long-term sick as unemployed. High unemployment causes a variety of social and economic problems for the Government. The unemployed have little available income to consume products which affects VAT income for the Government. Spending on Jobseekers allowance and other benefits is also a burden and can lead to greater Government spending, increasing the deficit. Spending on policies to reduce petty crime has also been seen to be higher during levels of high employment, especially in young people. The balance of payments is needed for political economic stability and records financial transactions between Britain and other countries. The target set is expressed as X³M, (X=exports and M=Imports), the current rate is -£1.7. Britain’s export earnings are vital to the economy as most of the output produced is bought overseas due to an increasingly globalised economy and can increase aggregate demand through investments and consumer spending of the employees. It is particularly important to the manufacturing sector which when competing in a global market can increase national income and improve the skills of workers. The inflation target is an annual increase of 2% based on the Consumer Prices Index. The cases of high inflation the value of money drops as the prices of goods rise and there is evidence that where very high inflation occurs in countries the output growth is negatively correlated. On the Treasury website it states that “the Government’s central economic objective is to raise the economy’s sustainable rate of growth.” This is considered as the most important objective after a recession in order to achieve rising prosperity for British people by creating economic opportunities through investment and employment. Economic Growth is growth in the level of national income and can be calculated by Growth in Gross Domestic Product(GDP). The current government target for sustainable growth is 2 ½ to 3% per annum. more

Resolved Question: Help w/ statistics question?

A consumer advocate claims that 80 percent of cable television subscribers are not satisfied with their cable service, and suppose that a random sample of 25 cable subscribers is selected. Let x be the number of cable television subscribers who are not satisfied with their cable service. Find the probability that a)More than 20 subscribers are not satisfied with their service. b)14 to 18 subscribers (inclusive) are not satisfied with their service. c)Find the mean of x. d)Find the standard deviation of x. more

Resolved Question: Please help with this statistics problem!!?

The product development team from Armed Forces Credit Union was convinced by your presentation and has hired you to help them with their credit card decision. They have focused on 3 options for their credit card incentives: A) Cash back when the consumer makes an online purchase B) Cash back when the consumer makes a purchase at a shoe store C) Entry into a sweepstakes whenever the consumer makes a purchase If they choose option C (the sweepstakes entry), they will award a prize to 1 in 1,000 purchases. Based on the frequency that consumers make purchases with their other credit cards, the Armed Forces Credit Union team estimates that consumers will make an average of 52 purchases a year with the new card. Armed Forces Credit Union has asked you about the probability of each option being preferred by cardholders as well as the probability of an individual consumer receiving a prize over the course of a year. Assignment Guidelines: Determine the probability of each option being preferred by the company's cardholders. Determine the probability that an individual customer will receive a prize over the course of a year. Be sure to show all of your work for arriving at your calculations. Address the following in 1,250–2,000 words: How are these two methods of assessing probability different? How can each of these methods help businesses and managers make decisions? more

Resolved Question: Statistics Probability Question?

A consumer advocate claims that 80 percent of cable television subscribers are not satisfied with their cable service, and suppose that a random sample of 25 cable subscribers is selected. Let x be the number of cable television subscribers who are not satisfied with their cable service. Find the probability that a)More than 20 subscribers are not satisfied with their service. (1 Point) b)14 to 18 subscribers (inclusive) are not satisfied with their service. (1 Point) c)Find the mean of x. (1 Point) d)Find the standard deviation of x. (1 Point) more

Resolved Question: Please I need help with these statistics questions! PLEASE.?

I am in serious need of help if someone could answer these questions immediately I would greatly appreciate it. 1. A 95% confidence interval estimate for a population mean was computed to be (36.5 to 56.0). Determine the mean of the sample, which was used to determine the interval estimate (show all work) 2. In testing the hypothesis, Ho: u >32 and Ha: u <32, using the p-value approach, a p-value of 0.0401 was obtained. If o = 8.1, find a sample mean which produced this p-value given that the sample of size n=32 was randomly selected (show all work) 3.The US Mint selects ten pennies from the production line to test the hypothesis that the mean weight of each penny is 5 grams. The normally-distributed weights (in grams) of these pennies are as follows: 9, 9, 6, 5, 4, 3, 5, 1, 2, 3. Assume a = 0.05. -State the null and alternative hypothesis -Calculate the sample mean and standard deviation -Determine which test statistic is appropriate (z or t), and calculate its value. -Determine the critical value(s). State your decision: Should the null hypothesis be rejected? 4. A watch manufacturer creates watch springs whose properties must be consistent. In particular, the standard deviation in their weights must be no greater than 4.0 grams. Fifteen watch springs are selected from the production line and measured; their weights are 6, 8, 2, 7, 9, 2, 2, 5, 10, 3, 4, 10, 10, 6, and 5 grams. Assume a = 0.01 -State the null and alternate hypotheses -Calculate the sample standard deviation -Determine which test statistic is appropriate (chi0square or F), and calculate its value. -Determine the critical value(s) -State your decision: Should the null hypothesis be rejected? 5. A telephone survey gives 371 consumers two choices: Do they prefer Coke or Pepsi? Exactly 290 of those surveyed state that they prefer Coke. Assuming that a = 0.02, test the hypothesis that the proportion of the population that prefers Coke is 40%. -State the null and alternate hypotheses -Calculate the sample proportion -Calculate the value of the test statistic. -Determine the critical value(s). -State your decision: Should the null hypothesis be rejected? more

Resolved Question: Are Chinese People Large Consumers Of Alcohol, Drugs and Cigarettes?

Please answer this question. And if you can,Will you please find some statistics or proof of your answer. If this is true are they trying to cut down and making laws against smoking? The reason for this question is my son is going over to China and he is a teenager and I do not want him near any of this kind of stuff. Thanks. more

Resolved Question: Do companies really make that much off of rebates?

Do consumers not take the time to send in rebates, so the companies end up making out on the good? Or do most people send them in? What are the statistics? more

Resolved Question: Statistics probability hw 2?

Household credit card debt is often associated with economic and consumer confidence. In June 2008, the mean credit card debt per credit card borrower was $1673. Among college students with credit cards, the mean balance is $452. A random sample of college students with credit cards was obtained and the credit balance was recorded for each. The 20 observation are given in the table that follows: 302 467 503 419 568 509 399 356 498 416 646 560 671 294 428 477 518 311 236 476 a.Plot the above 20 data in a histogram by using 10 classes. b.What is the first quartiles (Q1) and third quartiles (Q3). c.Do you think this distribution is normally distributed ? Please explain your answer. more

Voting Question: I have 3 ?'s can u plz help me. Im truly stuck on them.?

1.Country X has the following statistics in billions: consumer spending =3,500 investment spending = 936 government spending = 2,003 exports = 750 imports = 635 What is the GDP of the country for the year? A) 6,439,000,000,000 B) 6,554,000,000,000 C) 5,436,000,000,000 D) 4,567,000,000,000 2.In the equation GDP = C+I+G+(X-M), the I stands for A) Interest B) Income C) Investment spending D) Imports 3.If that same country has a population of 233,258,000, what is the per capita GDP for that year? A) 11,345 B) 22,443 C) 28,089 D) 15,657 more