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Ierofanga [76]
4 years ago
14

Maria is a hard-working college sophomore. One Sunday, she decides to work nonstop until she has answered 100 practice problems

for her math course. She starts work at 8:00 AM and uses a table to keep track of her progress throughout the day. She notices that as she gets tired, it takes her longer to solve each problem.
Time Total Problems Answered
8:00 AM 0
9:00 AM 40
10:00 AM 70
11:00 AM 90
Noon 100

Use the table to answer the following questions.
The marginal, or additional, gain from Maria’s first hour of work, from 8:00 AM to 9:00 AM, is _______ problems.
The marginal gain from Maria’s third hour of work, from 10:00 AM to 11:00 AM, is _______ problems.
Later, the teaching assistant in Maria’s math course gives her some advice. "Based on past experience," the teaching assistant says, "working on 25 problems raises a student’s exam score by about the same amount as reading the textbook for 1 hour." For simplicity, assume students always cover the same number of pages during each hour they spend reading.
Given this information, in order to use her 4 hours of study time to get the best exam score possible, how many hours should she have spent working on problems, and how many should she have spent reading?

a) 0 hours working on problems, 4 hours reading
b) 1 hour working on problems, 3 hours reading
c) 2 hours working on problems, 2 hours reading
d) 3 hours working on problems, 1 hour reading
Business
1 answer:
sdas [7]4 years ago
4 0

Answer:

The correct answers are:

i. The marginal, or additional, gain from Maria’s first hour of work, from 8:00 AM to 9:00 AM, is <u>  40  </u> problems.

ii. The marginal gain from Maria’s third hour of work, from 10:00 AM to 11:00 AM, is <u>   20   </u> problems

iii. 2 hours working on problems, 2 hours reading (c)

Explanation:

i. The marginal gain from 8:00 AM to 9:00 AM is calculated thus:

work done at 8:00 AM = 0 problems

Work done at 9:00 AM = 40 problems

Marginal gain = (Work done at 9:00 AM) - (work done at 8:00) = 40 - 0 = 40 problems

ii. work done at 10:00 AM = 70 problems

work done at 11:00 AM = 90 problems

Marginal gain = 90 - 70 = 20 problems

iii. To get the best exam score, the most number of problems possible in total must be answered within the 4-hour period, and this is determined as follows:

we are told that Maria gets tired as time progresses and the number of questions answered reduces we notice the following numbers of questions answered in each hour:

8:00 AM to 9:00 AM = 40 - 0 = 40 problems (hour 1)

9:00 AM to 10:00 AM = 70 - 40 = 30 problems (hour 2)

10:00 AM to 11:00 AM = 90 - 70 = 20 problems (hour 3)

11:00 AM to Noon = 100 - 90 = 10 problems (hour 4)

Also, we are told that;

1 hour of reading = 25 problems

Comparing the reading and solving problems, we see that the number of problems solved in hour-1 and hour-2  (40 and 30 respectively) are more than the equivalent number of problems solved in reading for 1 hour, while hour-3 and hour-4 (20 and 10 respectively), have lesser equivalent number of problems each, than reading for one hour. Therefore to make the most out of the 4 hours, Maria will spend the first 2 hours solving problems and the next two hours reading, giving a total of: 40 + 30 + 25 + 25 = 120 problems solved.

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The lengths of service of all the executives employed by Standard Chemicals are:
Lilit [14]

Solution :

a). There are total 5 executives. Therefore the possible sample size of 2 is

$^nC_r=\frac{n!}{r!(n-r)!}$

$^5C_2=\frac{5!}{2!(5-2)!}$

      $=\frac{5!}{2! \ 3!}$

     = 10

So, there are 10 possible ways for selection of sample size of 2.

b).

     Sample          Samples of service length            Sample mean

Snow, Tolson               20, 22                                    (20+22)/2 = 21  

Snow, Kraft                   20, 26                                         23

Snow, Irwin                   20, 24                                         22

Snow, Jones                 20, 28                                         24

Tolson, Kraft                 22, 26                                         24

Tolson, Irwin                 22, 24                                         23

Tolson, Jones               22, 28                                         25

Kraft, Irwin                     26, 24                                         25

Kraft, Jones                   26, 28                                         27

Irwin,Jones                    24, 28                                         26

c). The mean and the standard deviation of the means of the sampling distribution is given by :

$\bar{X}= \sum_{i-1}^{10}\frac{\bar{x}_i}{n}$

   $=\frac{21+23+22+24+24+23+25+25+27+26}{10}$

   $=\frac{240}{10} $  

  = 24

The variance of the sample means :

$S^2=\frac{1}{n}\sum_{i-1}^{10}\left(\bar x_i - \bar X \right)^2$

   $=\frac{1}{10}\sum_{i-1}^{10}\left(\bar x_i - 24 \right)^2$

  $=\frac{1}{10}\times(30)$

  = 3

Therefore the standard  deviation of the sample means is

$S=\sqrt{variance}$

  $=\sqrt3$

  = 1.732

d). The population means is given by:

$\mu =\frac{20+22+26+24+28}{5}$

  $=\frac{120}{5}$

  = 24

Therefore, we can say that the mean of the sample means is a point estimate of the population mean.

6 0
3 years ago
TJ's has a market value equal to its book value. Currently, the firm has excess cash of $218,500, other assets of $897,309, and
rodikova [14]

Answer:

Explanation:

Given:

Excess cash = $218,500

Assets = $897,309

Equity = $547,200

outstanding shares of stock = 40,000

Net income = $59,800.

Repurchase program = 15% of excess cash

Book value per share (price per share) = equity/number of shares

= $547200/40000

= $13.68 per share

Total cost of repurchase program = percentage of excess cash used × value of excess cash

= 15/100 × 218500

= $32775

Total number of shares bought in repurchase program = total cost of the repurchase program/price per share

= $32775/$13.68

= 2395.8 shares

= 2395 shares

8 0
3 years ago
3 arguments for social responsibility
Nookie1986 [14]

Answer:

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7 0
2 years ago
Precision Castparts, a manufacturer of processed engine parts in the automotive and airline industries, borrows $39.2 million ca
DedPeter [7]

Answer:

1) October 1 2015,   Cash                           $39.2million Dr

                                   Notes Payable             $39.2million Cr

2) December 31, 2015   Interest expense         $0.784million Dr

                                          Interest Payable           $0.784million Cr

3) September 30, 2016 Notes Payable       $39.2million Dr

                                        Interest Payable     $0.784million Dr

                                        Interest Expense    $2.352million Dr

                                                 Cash                         $42.336million Cr

Explanation:

1.

When note is issued, liability is credit by the notes value and cash is credited.

2.

The adjusting entry is prepared 3 months after the note is issued so the 3 month's interest on note relates to 2015 and it should be recorded as expense and as it is payable at maturity so interest payable is credited.

3 month interest = 39.2 * 0.08 * 3/12 = 0.784million

3.

The note and interest will be payable that was accrued along with the remaining 9 months interest. Total interest is 39.2 * 0.08 = 3.136million

6 0
3 years ago
Identify each statement as true or false. 1. Bonds are a form of interest-bearing notes payable. 2. Secured bonds have specific
liubo4ka [24]

Answer:

1. True

2. True

3. False

4. True

5. False

6. True

7. True

Explanation:

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2- Secured bond is a type of bond that is secure by the issuer`s pledge of a specific asset and that is a form of collateral on the loan.

3- It is the opposite, whenever a bond is unsecured, it can be referred to as a debenture, this kind of bond generally have a more specific purpose, they are typically issued to raise capital to meet the expenses of a project or to pay for a expansion in business.

4- Conversion are features added to bonds because it able to them to lower the coupon rate on debt and to delay dilution.  It gives the holder the option to convert or exchange the bonde for a predetermined number of shares in the issuing company, they also have lower interest rate what is more attractive to bond buyers.

5-The rate used to determine the amount of cash interest the borrower pays is called the coupon rate.

6- The rate of interest the bond issuer will pay quoted as the face value of the bond is expressed as a percentage, for example: a 4% coupon rate means that bondholders will receive 4%* $1000 (face value) = $40 every year.

7- The present value of a bond is determinate by an amount you have been promised to receive in the future, but valued today, so if you want to sell it then you should sell it taking into consideration its present value.

8 0
3 years ago
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