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aev [14]
2 years ago
13

Many adults owe money from their college loans for years into their professional careers. a newspaper would like to estimate the

proportion of all adults in the city who have debts from college loans. to collect data, a random sample of 300 young adults between the ages of 25 and 35 is asked, "do you have more than $5,000 in current college debts?" 68% of those sampled reported that they do have more than $5,000 in college-related debts. how might this sample be biased in obtaining an estimate of all adults in the city who have college debts?
Business
1 answer:
Sergio039 [100]2 years ago
7 0

Because only young adults were sampled, undercoverage bias may cause the newspaper to overestimate the proportion of all adults who have college debts.

<h3><u>What is bias in sampling?</u></h3>

When a sample is chosen in statistics, sampling bias is a bias that causes some individuals of the target population to have a lower or greater sampling probability than others. As a result, not every person or event was equally likely to have been chosen, resulting in a biased sample of a population (or non-human variables).

If this is not taken into consideration, results may be incorrectly attributed to the sampling procedure rather than the phenomenon being studied. Although some people identify sampling bias as a distinct sort of prejudice, sampling bias is typically categorized as a subtype of selection bias, sometimes referred to as sample selection bias.

Learn more about sampling bias with the help of the given link:

brainly.com/question/11094051

#SPJ4

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Jared, a supervisor, is discussing an employee with Evan, a human resource manager. Jared explains that the employee’s performan
ryzh [129]

Answer:

Explanation:

Based on the scenario being described within the question it can be said that Evan should advise Jared to withhold the employee's raise, and if the employee does not respond, then her employment should be immediately terminated. This is because the employee is being paid to do certain tasks which she is capable of doing. Neglecting this responsibility must be met with an immediate termination of the employment.

4 0
3 years ago
Read 2 more answers
A company's flexible budget for the range of 26,000 units to 40,000 units of production showed variable overhead costs of $3.80
makvit [3.9K]

Answer:

<em>Controllable cost variance   = </em><em><u> </u></em><em>$51,600.  favourable</em>

Explanation:

<em>The controllable cot variance is the difference between the the standard controllable cost for the actual output and the actual controllable cost</em>

                                                                                                $

Standard controllable cost for the output achieved      

( $3.80 × 40,000)                                                       =     152,000

Actual controllable cost (169,400-69,000)            =      <u>  100,400</u>

<em>Controllable cost variance                            </em><em>                  </em><em><u> 51,600. Favorable</u></em>

<em>                                    </em>

<em>Note that the fixed cost  of $69,000 is not a controllable cost, hence it is deducted from the total overhead cost</em>

3 0
3 years ago
During 2016, the Balboa Software Company incurred development costs of $2,000,000 related to a new software project. Of this amo
bogdanovich [222]

Answer:

Software development to be recognized = Cost incurred after achievement of technological feasibility = $400,000

Explanation:

Useful life = 4 years

Annual amortization = $400,000 / 4 years = $100,000

Period of amortization in 2016 = July 1, 2016 to December 31, 2016 = 6 months

Year 2016 amortization = $100,000 × 6 months/12 months = $100,000 × 1/2 = $50,000

8 0
3 years ago
SCENARIO 9.1: Amy borrowed $20,000 from her parents to open a bagel shop. She pays her parents a 5% yearly return on the money t
malfutka [58]

Answer:

45: $10,000

46: $40,000

47: $20,000

Explanation:

Total fixed cost of Amy =

TFC = yearly fixed cost + 5% of $20,000

TFC = $9,000 + $1,000

TFC = $10,000

Total cost =

TC = Variable cost + total fixed cost

TC = $30,000 + $10,000

TC = $40,000

The total profit she accrued is the difference between the total cost and the money she'd borrowed from her parents.

$40,000 - $20,000 = $20,000

Therefore, the total profit of Amy is $20,000

4 0
3 years ago
Suppose consumers only hold checkable deposits. The demand for money for transactions by consumers is equal to Y*(0.3 - i), wher
Ksenya-84 [330]

Answer: 17.5%

Explanation:

The equilibrium will occur where the money demanded equals to the money supplied i.e Ms = Md

From the question, the supply of currency by the Central Bank = 40

Money Supply (Ms) = m × B

where m = Money multiplier = 2.5

Note that the money multiplier can also be equal to 1/rr in situations wherebt the consumers do not hold any currency.

rr = reserve ratio, = 0.4

B = monetary base = 40

Note that the monetary base here is 40.

Since reserve ratio = 0.4, therefore

m = 1/0.4 = 2.5

Therefore, Ms = m × B

= 2.5 × 40

= 100

Thus Money supply Ms = 100.

Money demand(Md) = Y(0.3 - i),

Y = income = 800

i = interest rate

Since (Md) = Y(0.3 - i),

Md = 800(0.3 - i)

Equate the equation for the money demand and money supply together.

Ms = Md

100 = 800(0.3 - i)

100 = 240 - 800i

800i = 240 - 100

800i = 140

i = 140/800

i= 0.175

= 17.5%

Therefore, the interest rate is 17.5%

5 0
3 years ago
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