Accounting Today identified top public accounting firms in ten geographic regions across the U.S. The file AccountingPartners6 contains data for public accounting firms in the Southeast, Gulf Coast, and Capital Regions. The variables are: revenue
Develop the most appropriate multiple regression model to predict firm revenue. Be Sure to perform a through residual analysis. In addition, provide a detailed explanation of the results.
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EBK BASIC BUSINESS STATISTICS
- In 2010, the U.S. Congress passed the historic health care reform bill that will provide some type of coverage for the 32 million Americans currently without health care insurance. Just how widespread is the lack of medical coverage? The media claim that the segments of the population most at risk for disease and thus needing healthcare are women, children, the elderly and the poor. The following tables were generated from the U.S. Census Bureau, Current Population Survey, Annual Social and Economic Supplement (2011). The tables report the number of uninsured (in thousands) by sex, by age, and by household income Is being insured or not dependent on the income groups identified in the analysis? Fill in the degrees of freedom and p-value in the output below and draw a clear conclusion indicating which income-groups are more at risk of not being insured if there is a significant relationship.arrow_forwardThe higher education department of Holmes Institute recorded data on the number of students enrolled in the different study majors for the years 2018 and 2019. Study major 2018 2019 Statistics 1700 2250 Business law 700 900 Accounting 1300 1450 Economics 750 1000 Finance 1450 1758 Marketing management 1069 1189 Auditing 360 351 Use an appropriate graphical technique or chart to compare the number of enrolment in 2018 and 2019 of the different study major. Display the chart. Use an appropriate graphical technique or chart to display the percentage value of the number of enrolment of the different study major in 2018 and 2019. Display the chart.arrow_forwardEach year forbes ranks the world’s most valuable brands. A portion of the data for 82 ofthe brands in the 2013 forbes list is shown in Table 2.12 (forbes website, february, 2014).The data set includes the following variables:brand: The name of the brand.Industry: The type of industry associated with the brand, labeled Automotive& Luxury, Consumer Packaged Goods, financial Services, Other, Technology.brand Value ($ billions): A measure of the brand’s value in billions of dollarsdeveloped by forbes based on a variety of financial information about the brand.1-Yr Value Change (%): The percentage change in the value of the brand over theprevious year.brand Revenue ($ billions): The total revenue in billions of dollars for the brand.a. Prepare a crosstabulation of the data on Industry (rows) and brand Value ($ billions).Use classes of 0–10, 10–20, 20–30, 30–40, 40–50, and 50–60 for brand Value($ billions).b. Prepare a frequency distribution for the data on Industry.arrow_forward
- Accounting Today identified top accounting firms in 10 geographic regions across the United States. All 10 regions reported growth in a recent year. The Southeast and Gulf Coast regions reported growths of 12.49% and 9.78%, respectively. A characteristic description of the accounting firms in the Southeast and Gulf Coast regions included the number of partners in the firm. The file [Accounting Partners 2] contains the number of partners. Source: Data extracted from Accounting Today, "The 2019 Top Firms and Regional Leaders," available at bit.ly/2XdQVVW. Number of Partners Region Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Southeast Gulf Coast Gulf Coast Gulf Coast Gulf Coast Gulf Coast Gulf Coast Gulf Coast Gulf Coast Gulf Coast Gulf Coast Gulf Coast Gulf Coast Gulf Coast Gulf Coast Gulf Coast Gulf Coast Gulf Coast Gulf…arrow_forwardCharity Navigator is America's leading independent charity evaluator. The following data show the total expenses ($), the percentage of the total budget spent on administrative expenses, the percentage spent on fundraising, and the percentage spent on program expenses for 10 supersized charities (Charity Navigator website). Administrative expenses include overhead, administrative staff and associated costs, and organizational meetings. Fundraising expenses are what a charity spends to raise money, and program expenses are what the charity spends on the programs and services it exists to deliver. The sum of the three percentages does not add to 100% because of rounding. Do not round your intermediate calculations. Total Administrative Fundraising Program Expenses Expenses Expenses Expenses Charity (millions of $) (%) (%) (%) 1 American Red Cross 3350 3.7 3.8 92.0 2 World Vision 1210 3.8 7.8 88.3 3 Smithsonian Institution 1080 23.8 2.3 73.8 4 Food For The Poor 1052 0.7 2.1 96.7 5…arrow_forwardCharity Navigator is America's leading independent charity evaluator. The following data show the total expenses ($), the percentage of the total budget spent on administrative expenses, the percentage spent on fundraising, and the percentage spent on program expenses for 10 supersized charities (Charity Navigator website). Administrative expenses include overhead, administrative staff and associated costs, and organizational meetings. Fundraising expenses are what a charity spends to raise money, and program expenses are what the charity spends on the programs and services it exists to deliver. The sum of the three percentages does not add to 100% because of rounding. Do not round your intermediate calculations. Total Administrative Fundraising Program Expenses Expenses Expenses Expenses Charity (millions of $) (%) (%) (%) 1 American Red Cross 3352 3.9 3.9 92.3 2 World Vision 1205 4.1 7.5 88.3 3 Smithsonian Institution 1082 23.4 2.6 73.9 4 Food For The Poor 1048 0.5 2.3 96.9 5…arrow_forward
- Charity Navigator is America's leading independent charity evaluator. The following data show the total expenses ($), the percentage of the total budget spent on administrative expenses, the percentage spent on fundraising, and the percentage spent on program expenses for 10 supersized charities (Charity Navigator website). Administrative expenses include overhead, administrative staff and associated costs, and organizational meetings. Fundraising expenses are what a charity spends to raise money, and program expenses are what the charity spends on the programs and services it exists to deliver. The sum of the three percentages does not add to 100% because of rounding. Do not round your intermediate calculations. Charity Total Administrative Fundraising Program Expenses Expenses Expenses Expenses (millions of $) (%) Fundraising Program 1 American Red Cross 3352 3.9 3.9 92.2 2 World Vision 1210 3.8 7.8 88.6 3 Smithsonian Institution 1082 23.5 2.6 73.6 4 Food For…arrow_forwardOn December 17, 2007 baseball writer John Hickey wrote an article for the Seattle P-I about increases to ticket prices for Seattle Mariners games during the 2008 season. The article included a data set that listed the average ticket price for each MLB team, the league in which the team plays (AL or NL), the number of wins during the 2007 season and the cost per win (in dollars). The data for the 16 National League teams are shown below. league price wins cost/win team Arizona Diamondbacks NL 19.68 90 35.40 Atlanta Braves NL 17.07 84 32.89 Chicago Cubs NL 34.30 85 65.33 cincinnati Reds NL 17.90 72 40.32 Colorado Rockies NL 14.72 90 26.67 Florida Marlins NL 16.70 71 38.13 Houston Astros NL 26.66 73 59.11 Los Angeles Dodgers 20.09 82 34.64 NL Milwaukee Brewers NL 18.11 83 35.37 N.Y. Mets NL 25.28 88 46.56 Philadelphia Phillies 26.73 89 48.69 NL Pittsburgh Pirates NL 17.08 68 40.67 San Diego Padres NL 20.83 89 38.15 San Francisco Giants NL 24.53 71 56.00 St. Louis Cardinals NL 29.78 78…arrow_forwardThe results of a search to find the least expensive round-trip flights to Atlanta and Salt Lake C major U.S. cities are shown in the following table. The departure date was June 20, 2012 and was June 27, 2012. Click on the datafile logo to reference the data, DATA file Round-Trip Cost ($) Departure City Atlanta Salt Lake Cit Cincinnati New York 340.10 321.60 291.60 570.10 354.60 465.60 Chicago Dae 210/Oarrow_forward
- On December 17, 2007 baseball writer John Hickey wrote an article for the Seattle P-I about increases to ticket prices for Seattle Mariners games during the 2008 season. The article included a data set that listed the average ticket price for each MLB team, the league in which the team plays (AL or NL), the number of wins during the 2007 season and the cost per win (in dollars). The data for the 16 National League teams are shown below. team league price wins cost/win Arizona Diamondbacks NL 19.68 90 35.40 Atlanta Braves NL 17.07 84 32.89 Chicago Cubs NL 34.30 85 65.33 Cincinnati Reds NL 17.90 72 40.32 Colorado Rockies NL 14.72 90 26.67 Florida Marlins NL 16.70 71 38.13 Houston Astros NL 26.66 73 59.11 Los Angeles Dodgers NL 20.09 82 34.64 Milwaukee Brewers NL 18.11 83 35.37 N.Y. Mets NL 25.28 88 46.56 Philadelphia Phillies NL 26.73 89 48.69 Pittsburgh Pirates NL 17.08 68 40.67 San Diego Padres NL 20.83 89 38.15 San Francisco Giants NL 24.53 71…arrow_forwardIn 2011 home prices and mortgage rates dropped so low that in a number of cities the monthly cost of owning a home was less expensive than renting. The following data show the average asking rent for 10 markets and the monthly mortgage on the median priced home (including taxes and insurance) for 10 cities where the average monthly mortgage payment was less than the average asking rent (The Wall Street Journal, November 26–27, 2011).Click on the datafile logo to reference the data. Enter negative values as negative numbers. a. Develop the estimated regression equation that can be used to predict the monthly mortgage given the average asking rent (to 2 decimals).The regression equation is:Mortgage ($) = + Rent ($)arrow_forwardThe data in the table represent the number of licensed drivers in various age groups and the number of fatal accidents within the age group by gender. Complete parts (a) through (c) below. Click the icon to view the data table. ..... (c) Was the number of fatal accidents for 16 to 20 year old males above or below average? Was the number of fatal accidents for 21 to 24 year old males above or below average? Was the number of fatal accidents for males greater than 74 years old above or below average? How might an insurance company use this information? Does the same relationship hold for females? The number of fatal accidents for 16 to 20 year old males was The number of fatal accidents for 21 to 24 year old males was The number of fatal accidents for males greater than 74 years old was An insurance company could use it to argue for higher rates for drivers and lower rates for drivers. Does the same relationship hold for females? Yes Noarrow_forward
- Glencoe Algebra 1, Student Edition, 9780079039897...AlgebraISBN:9780079039897Author:CarterPublisher:McGraw HillHolt Mcdougal Larson Pre-algebra: Student Edition...AlgebraISBN:9780547587776Author:HOLT MCDOUGALPublisher:HOLT MCDOUGALBig Ideas Math A Bridge To Success Algebra 1: Stu...AlgebraISBN:9781680331141Author:HOUGHTON MIFFLIN HARCOURTPublisher:Houghton Mifflin Harcourt