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DerKrebs [107]
3 years ago
9

Suppose that you were asked to help design a survey of adult city residents in order to estimate the proportion that would suppo

rt a sales tax increase. the plan is to use a stratified random sample, and three stratification schemes have been proposed. scheme 1: stratify adult residents into four strata based on the first letter of their last name (a-g, h-n, o-t, u-z) scheme 2: stratify adult residents into three strata: college students, nonstudents who work full time, nonstudents who do not work full time. scheme 3: stratify adult residents into five strata by randomly assigning residents into one of the five strata. which of the three stratification schemes would be best in this situation
Business
1 answer:
AleksAgata [21]3 years ago
4 0
<span> i would say this scheme would yield the most significant results:stratify adult residents into three strata: college students, nonstudents who work full time, nonstudents who do not work full time. This way the results could be related to a particular demographic group so would say something about each group rather than just a random sample. </span>
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Georgina consumes only grapefruits and pineapples. Her utility function is U (x comma y )equals x to the power of 0.8 end expone
vlabodo [156]

Answer:

21

Explanation:

Given that:

The utility function U(x, y) = x^{0.8} y^{0.2}

The budget line income is:

105=4x +3y

The equation MRTS is:

\dfrac{MU_x}{MU_y } =\dfrac{ Px}{Py}

where;

MU_x(x,y) = 0.8 \times x^{0.8-1}\times y^{0.2} \\ \\ \implies 0.8 \times x^{-0.2}\times y^{0.2}

MU_y(x,y) = 0.2 \times x^{0.8}\times y^{0.2-1} \\ \\ \implies 0.8 \times x^{0.8}\times y^{-0.8}

and:

P_y= 3

P_x = 4

∴

Using the equation MRTS:

\dfrac{MU_x}{MU_y } =\dfrac{ Px}{Py}

\dfrac{ 0.8 \times x^{-0.2}\times y^{0.2} }{0.8 \times x^{0.8}\times y^{-0.8}} = \dfrac{4}{3}

\dfrac{4y }{x} = \dfrac{4}{3}

4x = 12y

x = 12y/4

x = 3y

Replacing the value of x into the budget line income, we have:

105 = 4x + 3y

105 = 4(3y) + 3y

105 = 12y + 3y

105 = 15y

y = 105/15

y = 7

Then, from x = 3y

x = 3(7)

x = 21

Thus, she will consume 21 gapefruits

5 0
2 years ago
At the current prices of goods X and Y, the quantity demanded of good X is 10 units, and the quantity demanded of good Y is 5 un
damaskus [11]

Answer:

When the price of good y increases by 10% it will result in the quantity demanded of x to increase by (0.6*10) =6%. The current quantity demanded of good x is 10 so a 6% increase will mean the quantity demanded of x will be (1.06*10)= 10.6

Explanation:

The cross elasticity of goods x and y is 0.6, which means that a one percent increase in price of good y will increase the demand for good x by 0.6%, this means that x and y are substitute goods, as when the price of y increases people tend to buy more of x.

When the price of good y increases by 10% it will result in the quantity demanded of x to increase by (0.6*10) =6%. The current quantity demanded of good x is 10 so a 6% increase will mean the quantity demanded of x will be (1.06*10)= 10.6

8 0
3 years ago
In your company's management development program, there was a heated discussion between
GREYUIT [131]

Answer:

The most sensible position is to understand that theory, while not practical in itself, can be immensely helpful when dealing with pratical matters.

This is because theory gives you a sound conceptual foundation that can be used to analyze the practical context, and approach it with the best possible practical solutions.

Without theory, managers have to rely too much on intuition, which can often fail.

3 0
3 years ago
"Experience goods" are those which: a. Have performance attributes that are difficult to ascertain at the moment of purchase b.
jek_recluse [69]

Answer:

a. have performance attributes that are difficult to ascertain at the moment of purchase

Explanation:

In case of an experience good, it is difficult to make predictions regarding its price and quality.

The reputation of a seller and word of mouth are the important things that customers can use to make decisions regarding purchasing of the product.

Experience goods are those which have performance attributes that are difficult to ascertain at the moment of purchase

7 0
3 years ago
Your mother and father are retired and need income to live on. The local financial advisor offers to sell them a product that wi
klio [65]

Answer:

To evaluate the choice, we have to calculate the present value of future cash flows and compare it with the cost. We use the following formula

    present value    =  C ×  [ \frac{1 - (1 + i)^{-n} }{i} ]​

where

                     C = yearly payments = 75000

                     i =  interest rate  = 8%

                     n = no. of years   = 15

put the given values in above equation, we get

       Present value = 75000 ×8.559478688

                               = 641,961

Since the present value of cash flow 641,961 is less than the cost 750,000, I would not recommend it.

If Interest rate = 5%, then:

Do the same procedure as above but take i=5%

        Present value = 75000 × 10.37965804

                                = 778,474

Since the present value of future cash flows 778,474 is greater than the cost 750,000, I would recommend it.

3 0
3 years ago
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