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bearhunter [10]
3 years ago
7

Nesta is making a scatterplot of the digit spans (how many numbers you can remember and repeat back) for his psychology class, w

ith the spans for digits the students hear on one axis and the span for digits the students read on the other. The association is strong, but he notices that one student has a visual digit span that is twice as long as anyone else. What statistical validity question is he raising?
Is the correlation statistically significant?

Is there a restriction of range?

Is the relationship curvilinear?

Could outliers be affecting the relationship?
Business
1 answer:
koban [17]3 years ago
6 0

Answer:

Could outliers be affecting the relationship?

Explanation:

In most practical circumstances an <u>influence outlier</u> decreases <u>the value of a correlation coefficient and weakens the regression relationship, </u>but it's also possible that in some circumstances an outlier may increase a correlation value and improve regression.

<u>Notice that in the scenario it is mentioned that ''he notices that one student has a visual digit span that is twice as long as anyone else.'' , this will raise the question as to ''what is increasing the value of the correlation coefficient  (the span) between the 'digits the students hear' AND 'the digits the student read'</u>

<u />

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Activity-Based Costing: Factory Overhead Costs The total factory overhead for Bardot Marine Company is budgeted for the year at
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Answer:

a. Activity rates for each activity

Fabrications   = $18/dlh

Assembly      = $7/dlh

Setup             = $450/setup

Inspection      = $230/inspection

b.  Activity-based factory overhead per unit for each product

Speed Boats = $124.532

Bass boats  = $302.068

Explanation:

Provided there are various activities as follows

Activity               Cost                Speed Boats        Bass boats          Total activity

Fabrications    $522,000        7,250 dlh             21,750 dlh            29,000 dlh

Assembly        $182,000         19,500 dlh            6,500 dlh             26,000 dlh

Setup               $195,750         52 setups            383 setups           435 setups

Inspection         $166,750        91 inspections     634 inspections    725 inspt.

a. Activity rates for each activity

Fabrications   =   $522,000/29,000 dlh = $18/dlh

Assembly     =     $182,000/26,000 dlh   = $7/dlh

Setup           =      $195,750/435 setups = $450/setup

Inspection    =      $166,750/725 inspections = $230/inspection

b.  Activity-based factory overhead per unit for each product

Activity              Speed Boats                                     Bass boats    

Fabrications       7,250 x $18 = $130,500             21,750 X $ 18 = $391,500

Assembly           19,500 X $7 = $136,500             6,500 X $7 = $45,500

Setup                  52 X $450 = $23,400                383 X $450 = $172,350

Inspection           91 X $230 = $20,930                 634 X $230 = $145,820

Total of both                    = $311,330                              = $755,170

Total units are 2,500 of each product

Cost p.u.  = $311,330/2,500 =$124.532    = $755,170/2,500 =$302.068

a. Activity rates for each activity

Fabrications   = $18/dlh

Assembly      = $7/dlh

Setup             = $450/setup

Inspection      = $230/inspection

b.  Activity-based factory overhead per unit for each product

Speed Boats = $124.532

Bass boats  = $302.068

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In the circular flow diagram, what do households receive from factor markets?
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Answer:

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Explanation:

Provided information we have,

Rent is received on 1 September 2017 for a period of 1 year on which it is accounted as Unearned Rent amounting $36,000.

Entry on that date would be

Cash A/c Dr.                  $36,000

To Unearned Rent                        $36,000

At the end of the year on 31 December 2017, we have period of current year lapsed = 1 September to 31 December = 4 months.

Thus rent income for the year = $36,000 \times \frac{4}{12} = $12,000

Therefore this rent of $12,000 will be recognized as rent income for the year 2017.

Entry will be

Unearned Rent A/c Dr.            $12,000

          To Rent Revenue                         $12,000

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