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Zepler [3.9K]
3 years ago
12

The Bureau of Transportation Statistics Omnibus Household Survey is conducted annually and serves as an information source for t

he U.S. Department of Transportation. In one part of the survey, the person being interviewed was asked to respond to the following statement: "Drivers of motor vehicles should be allowed to talk on a hand-held cell phone while driving." Possible responses were strongly agree, somewhat agree, somewhat disagree, and strongly disagree. Forty-four respondents said that they strongly agree with this statement, 130 said that they somewhat agree, 165 said they somewhat disagree, and 741 said they strongly disagree with this statement.a. Do the responses for this statement provide categorical or quantitative data?b. Would it make more sense to use averages or percentages as a summary of the responses for this statement?c. What percentage of respondents strongly agree with allowing drivers of motor vehicles to talk on a hand-held cell phone while driving?d. Do the results indicate general support for or against allowing drivers of motor vehicles to talk on a hand-held cell phone while driving?
Business
1 answer:
sasho [114]3 years ago
8 0

Answer:

a) For this case we have quantitative data since we have frequencies per each category.

b) For this case is better use percentages since we have frequency counts per each

c) First we need to calculate the total for the frequencies:

Total = 44+130+165+741= 1080 respondents

For this case we can calculate the percentage like this:

\% Strongly_{agree} = \frac{44}{1080} *100 =4.07\%

d) For this case the percentage of people who agree with allowing drivers of motor vehicles to talk on a hand-held cell phone while driving is just 4.07% and by the other hand the rest of the people correspond to 95.93%.

\frac{1036}{44}=23.55

The people who are NOT strongly agree is about 24 times greater than the peopl who strongly agrees.

So we can say that we don't have a general support for the claim.

Explanation:

For this case we have the following data given:

Number of respondents that they strongly agree with the statement = 44

Number of respondents that they somewhat agree with the statement = 130

Number of respondents that they somewhat disagree agree with the statement = 165

Number of respondents that they strongly disagree agree with the statement = 741

Part a

Do the responses for this statement provide categorical or quantitative data?

For this case we have quantitative data since we have frequencies per each category.

Part b

Would it make more sense to use averages or percentages as a summary of the responses for this statement?

For this case is better use percentages since we have frequency counts per each category so then not makes sense calculate averages for this case.

Part c

What percentage of respondents strongly agree with allowing drivers of motor vehicles to talk on a hand-held cell phone while driving?

First we need to calculate the total for the frequencies:

Total = 44+130+165+741= 1080 respondents

For this case we can calculate the percentage like this:

\% Strongly_{agree} = \frac{44}{1080} *100 =4.07\%

Part d

For this case the percentage of people who agree with allowing drivers of motor vehicles to talk on a hand-held cell phone while driving is just 4.07% and by the other hand the rest of the people correspond to 95.93%.

\frac{1036}{44}=23.55

The people who are NOT strongly agree is about 24 times greater than the peopl who strongly agrees.

So we can say that we don't have a general support for the claim.

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Determine if the following statements better describe optimization in levels or optimization in differences.
Leni [432]

Answer:

A:  Optimization in differences

B: Optimization in levels

C: Optimization in differences

D: Optimization in levels

Explanation:

Optimization in levels <em>Vs.</em> Optimization in differences

Optimization in levels is a method of selecting different alternatives on the basis of calculating net benefits( net benefits = benefits - costs) a person realizes from those alternatives.

Optimization in differences, on the other hand, is a method of selecting different alternatives on the basis of calculating change in levels of costs and change in levels of benefits to derive net change in benefits.

How to choose?

<u>Optimization in levels</u>: (net benefit)  look at total benefit – total cost

<u>Optimization in differences</u>: look at the change in the net benefit of one option compared to another

3 0
3 years ago
Treasury stock that had been purchased for $5,500 last month was reissued this month for $6,500. The journal entry to record the
jeyben [28]

Answer:

The correct answer is C

Explanation:

The journal entry for the re- issuance will be as follows:

Cash A/c....................................................Dr    $6,500

     Treasury Stock A/c...........................................................Cr   $5,500

    Paid-In Capital from Sale of Treasury Stock A/c........Cr   $1,000

Working Note:

Paid-In Capital from Sale of Treasury Stock =  Cash - Re-issued amount

Paid-In Capital from Sale of Treasury Stock = $6,500 - $5,500

Paid-In Capital from Sale of Treasury Stock = $1,000

7 0
3 years ago
What things should you consider when setting up a checking or savings account with a financial institution?
inn [45]

Answer:

What profit will you get

7 0
2 years ago
A small firm intends to increase the capacity of a bottleneck operation by adding a new machine. Two alternatives, A and B, have
Vanyuwa [196]

Answer:

Results are below.

Explanation:

Giving the following information:

Alternative A:

Fixed costs= $40,000

Variable cost per unti= $10

Revenue per unit= $15

Alternative B:

Fixed costs= $30,000

Variable cost per unti= $12

Revenue per unit= $16

<u>First, we need to calculate the break-even point in units using the following formula:</u>

<u></u>

Break-even point in units= fixed costs/ contribution margin per unit

Alternative A= 40,000 / (15 - 10)

Alternative A= 8,000

Alternative B= 30,000 / (16 - 12)

Alternative B= 7,500  

<u>To calculate the indifference point in units, we need to determine the net income equations:</u>

Alternativa A= 5*x - 40,000

Alternative B= 4*x - 30,000

x= number of units

We equal both formulas and isolate x:

5x - 40,000 = 4x - 30,000

x = 10,000

The indifference point is 10,000 units.

<u>Finally, the higher income for 12,000 units:</u>

Alternativa A= 5*12,000 - 40,000= $20,000

Alternative B= 4*12,000 - 30,000= $18,000

For 12,000 units the best option is alternative A.

6 0
3 years ago
One bag of flour is sold for $1.00 to a bakery, which uses the flour to bake bread that is sold for $3.00 to consumers. A second
Phoenix [80]

Answer:

The correct answer is option b.

Explanation:

GDP is a measure of economic growth that shows the level of final goods and services produced in an economy in a year. It includes only final goods and services, intermediate goods are not included.  

So here the value of flour used to make bread will not be included as it is an intermediate good. But the value of bread will be included. The value of the second bag of the floor will be included as it is a final good sold to the consumer.  

Increase in GDP

= $3 + $2

= $5

8 0
3 years ago
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