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1 year ago

Design a study that has a false correlation caused by a lurking variable.

1 answer:

4 0

An example of a study that has a false correlation caused by a lurking variable is " research scientist examines the influence of diet and exercise on a an individual's blood pressure."

<h3>What is a lurking variable in a study?</h3>

Lurking variable is known to be a kind of a variable that is said not be the explanatory variable nor can it be called the response variable but it is one that is seen to have a relationship (e.g. correlation) with the response and that of the explanatory variable.

Note that A lurking variable is one that can be falsely identify as a strong relationship that exist between variables or it is one that often hide the true relationship.

Hence, An example of a study that has a false correlation caused by a lurking variable is " research scientist examines the influence of diet and exercise on a an individual's blood pressure."

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Market economies operate on the principle of supply and demand.

asambeis [7]

I think that the stament given above is true, as this principle lets business survive or fail without much interaction from the government.

6 0

3 years ago

The following refers to units processed by a breakfast cereal maker in August. Compute the total equivalent units of production

masya89 [10]

Answer:

Total Equivalent Units Conversion 746,000

Explanation:

Breakfast Cereal Maker

Weighted-Average Inventory Method

Total Equivalent Units

Units Conversion Equivalent Units

Particulars %

Units completed 620,000 100 % 620,000

Add Ending WIP 180,000 70 % 126,000

Total Equivalent Units 746,000

The total Equivalent units are obtained by adding the percent of the units in the ending work in process inventory to the units completed and transferred out. This is the average weighted method of finding the equivalent units.

As only conversion is required we found out the conversion units only.

3 0

3 years ago

Revenue and Cash Receipts Journals Transactions related to revenue and cash receipts completed by Sycamore Inc. during the month

galben [10]

Answer and Explanation:

The Preparation of revenue Journal and cash receipts Journal is shown below:-

Revenue Journal

Date Invoice Debited accounts Accounts received Dr,

 number Fees earned Cr,

March 2 512 Santorini Co. $905

March 8 513 Gabriel Co. $220

March 12 514 Yarnell Inc. $845

March 20 515 Electronic Central Inc. $195

March 31 Total $2,165

Cash Receipts Journal

Date Accounts Post ref. Fees Accounts Cash Dr,

credited earned Cr, receivable Cr,

March 4 CMI Inc. $205 $205

March 19 Yarnell Inc $555 $555

March 28 Marshall Inc.

(Fees earned) $160 $160

March 29 Santorini Co. $905 $905

March 31 McCleary Co.

(Fees earned) $85 $85

Total $245 $1,655 $1,910

8 0

3 years ago

select 3 goals or objectives that a leadership plan might include to achieve a solid business strategy.

Nezavi [6.7K]

In order to achieve solid business strategy in the leadership plan, the three goals the leadership plan includes are attracting new customers, increasing revenue, and decreasing cost price.

The three main goals in order to achieve solid business strategy in the leadership plan are targeting and attracting new customers, decreasing the cost price of goods or services being offered, and increasing the revenue.

The detail of these goals is given below:

Attracting new customers is considered an important leadership goal as it increases market share and promotes competition with other brands. New customers are important in terms of sales. It is needed for a business to grow.
Increasing revenue It is considered an important leadership goal because the basic purpose of every business is to earn profit. More growth means more profit. If an organization will be able to increase its revenue it will be able to maximize its profit.
Decreasing cost price It is considered an important leadership objective because if the sale remains same then the company will earn more profit. The cost is linked directly with profitability. More profit means more growth of the company.

Therefore attracting new customers, increasing sales of product and services offered and decreasing cost are considered three goals that a leadership plan must include to achieve business strategy.

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3 0

2 years ago

A firm's current profits are $400,000. These profits are expected to grow indefinitely at a constant annual rate of 4 percent. I

slavikrds [6]

Answer:

value of the firm = 21.20 million

value of the firm = 20.80 million

Explanation:

given data

current profits = $400,000

annual rate = 4 percent

opportunity cost = 6 percent

solution

we get here value of the firm before pays out current profits as dividend is express as

value of the firm = current profits ( 1+opportunity cost ) ÷ ( opportunity cost - annual rate ) ................1

put here value

value of the firm = $\frac{400000*(1+0.06)}{0.06-0.04}$

value of the firm = 21.20 million

and

value of the firm after pays is

value of the firm = current profits ( 1+annual rate ) ÷ ( opportunity cost - annual rate ) ................2

value of the firm = $\frac{400000*(1+0.04)}{0.06-0.04}$

value of the firm = 20.80 million

5 0

3 years ago