pite tuition skyrocketing, a college education is still valuable. Recent calculations by the Federal Reserve Bank in San Francisco onstrate a college degree is worth $800,000 in lifetime earnings compared to the average high school education. Assume luates in 2017 earn $36,882, $35,854, $43,692, $40,776, $70,869 and $47,468. at is the standard deviation for this sample? (Round your intermediate calculations and final answer to the nearest whole mber.) andard deviation
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- If during the following year it is predicted that each comedy skit will generate 30 thousand and each musical number 20 thousand, find the maximum income for the year. A television program director must schedule comedy skits and musical numbers for prime-time variety shows. Each comedy skit requires 2 hours of rehearsal time, costs 3000, and brings in 20,000 from the shows sponsors. Each musical number requires 1 hour of rehearsal time, costs 6000, and generates 12,000. If 250 hours are available for rehearsal and 600,000 is budgeted for comedy and music, how many segments of each type should be produced to maximize income? Find the maximum income.In February 2021, the Chicago Tribune reported:“The overdose epidemic that has ravaged Chicago has not spared the nearby suburbs, some of which have death rates comparable to anything seen in the city, according to a report released this week by the Cook County Department of Public Health. ZIP codes in the towns of Worth, Broadview, Maywood, and Forest Park, areas that “have substantially lower median household incomes and higher poverty rates,” have been especially hard-hit, the report said.”In the article, they claimed that lower incomes were associated with higher overdose death rates and that overdose death rates are increasing over time. The data you have been analyzing wasn’t focused on Chicago, obviously. But do your results support the general gist of the statistical argument being made in this Tribune excerpt? Please address:• Do overdose death rates appear to be associated with per capita income (use scatterplot)?• Do overdose death rates appear to be increasing over time…A Gallup survey showed that in March 2011 , 8 of every 25 employers in the United States were adding more workers to their workforce, 9 of 50 were reducing their workforce, and 1 of 2 were keeping it the same. In a metropolitan area there are 1250 employers and of those who will hire, they will hire an average of seven new employees. If the employers who were cutting their workforce in that area were planning on letting go an average of nine workers, what would the net change in jobs for the area be? This metropolitan area would see a ▼net decrease or increase of jobs.
- ncur Technologies, Inc., is a large expense-management company located inRedmond, Washington. The Wall street Journal asked Concur to examine the datafrom 8.3 million expense reports to provide insights regarding business travelexpenses. Their analysis of the data showed that New York was the most expensivecity, with an average daily hotel room rate of $198 and an average amount spent onentertainment, including group meals and tickets for shows, sports, and other events,of $172. In comparison, the U.S. averages for these two categories were $89 for theroom rate and $99 for entertainment. The following table shows the average dailyhotel room rate and the amount spent on entertainment for a random sample of 9 ofthe 25 most visited U.S. cities (The Wall street Journal, August 18, 2011).CityRoom Rate($)Entertainment($)Boston 148 161Denver 96 105Nashville 91 101New Orleans 110 142Phoenix 90 100San Diego 102 120San Francisco 136 167San Jose 90 140Tampa 82 98a. Develop a scatter diagram for…Arianna Estefan manages Salmon Falls Park, which has two flagship roller coasters, the Flyer and the Destroyer. When Arianna walks around the park during hours of operation, she notices that there are fewer people waiting in line for the Flyer than for the Destroyer. Since both roller coasters have similar capacities and similar run times, both roller coasters should have about the same number of riders. Based on the anecdotal evidence, Arianna claims that the population mean number of riders per hour on the Flyer is less than the population mean number of riders per hour on the Destroyer. Arianna reviews data collected in the past and assumes that the population standard deviation is 48.29 for the Flyer and 51.86 for the Destroyer. Arianna randomly selects hours during which the attendant of each ride counts the number of riders. The sampling occurs over the course of several weeks. The results are provided in the table shown below. Assuming the conditions needed for the hypothesis…Arianna Estefan manages Salmon Falls Park, which has two flagship roller coasters, the Flyer and the Destroyer. When Arianna walks around the park during hours of operation, she notices that there are fewer people waiting in line for the Flyer than for the Destroyer. Since both roller coasters have similar capacities and similar run times, both roller coasters should have about the same number of riders. Based on the anecdotal evidence, Arianna claims that the population mean number of riders per hour on the Flyer is less than the population mean number of riders per hour on the Destroyer. Arianna reviews data collected in the past and assumes that the population standard deviation is 48.29 for the Flyer and 51.86 for the Destroyer. Arianna randomly selects hours during which the attendant of each ride counts the number of riders. The sampling occurs over the course of several weeks. The results are provided in the table shown below. Assuming the conditions needed for the hypothesis…
- A well known brokerage firm executive claimed that 90% of investors are currently confident of meeting their investment goals.If a household has 3 members, and has an annual income of $100,000, predict this household’s monthly spending.Describe about the three positive relationships of Scatterplots?
- In August 2011, Bank of Hawaii (BOH) stock cost $45 per share, yielded 4% per year in dividends, and had a risk index of 3.0 per share, while JPMorgan Chase (JPM) stock cost $40 per share, yielded 2.5% per year in dividends, and had a risk index of 2.0 per share.† You have up to $25,000 to invest in these stocks, and would like to earn at least $796 in dividends over the course of a year. (Assume the dividends to be unchanged for the year.) How many shares (to the nearest tenth of a unit) of each stock should you purchase to meet your requirements and minimize the total risk index for your portfolio?AssignmentYou have just been hired as the new general manager of Golfino’s, an Italian restaurant inside of the Wild Weeds Country Club in Mobile, Alabama. The owners of Golfino’s lease the space from the country club. As the GM, your owners would like you to create a market segmentation profile on all of the country club members and their food and beverage activity from the last year. The country club board of directors has agreed to give you this information, as well as their age, sex, and income.â¢John Dunn: ?F&B activity: $2,000?Age: 62?Gender: Male?Income: $265,000?Home city: Mobile, Alabamaâ¢Debbie Dell: ?F&B activity: $20,000?Age: 48?Gender: Female?Income: $265,000?Home city: Mobile, Alabamaâ¢Will Stanley: ?F&B activity: $48,000?Age: 22?Gender: Male?Income: $200,000?Home city: Mobile, Alabamaâ¢Ian Woodrow: ?F&B activity: $8,000?Age: 56?Gender: Male?Income: $1,200,000?Home city: Mobile,…The file MidCity Download MidCitycontains data on 128 recent sales in Mid City. For each sale, the file shows the neighborhood (1, 2, or 3) in which the house is located, the number of offers made on the house, the square footage, whether the house is made primarily of brick, the number of bathrooms, the number of bedrooms, and the selling price. Neighborhoods 1 and 2 are more traditional neighborhoods, whereas neighborhood 3 is a newer, more prestigious neighborhood. Part A) Do buyers pay a premium for a brick house, all else being equal? Use one Excel spreadsheet labeled Prob3a to show your work for this problem. Part B) Is there a premium for a house in neighborhood 3, all else being equal? Use one Excel spreadsheet labeled Prob3b to show your work for this problem. Home Nbhd Offers Sq Ft Brick Bedrooms Bathrooms Price 1 2 2 1790 No 2 2 228600 2 2 3 2030 No 4 2 228400 3 2 1 1740 No 3 2 229600 4 2 3 1980 No 3 2 189400 5 2 3 2130 No 3 3 239600 6 1 2 1780 No 3 2 229200…