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Strike441 [17]
3 years ago
5

Olympic athletes are tested to see if they are using illegal performance-enhancing drugs. suppose that urine samples are taken a

nd analyzed and the rate of false positive results is 1%. suppose also that it is too expensive to refine the method to reduce the rate of false possible results. we do not want to accuse innocent people of using illegal drugs. what can you do to reduce the rate of false accusations even though the test always has a false positive rate of 1%. (select all that apply.)
Business
1 answer:
horsena [70]3 years ago
6 0

Answer and Explanation:

Since we are not able to refine the method and therefore would continue to have a false positive which here is 1% meaning that for a 100 people tested we would have a chance that one person may have a false result- be innocent but have result guilty, to have less chance of a false positive we could collect another sample for each individual who has result guilty and test this group again. This way we would have reduced false positive if any.

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On January 1, a company issued and sold a $440,000, 6%, 10-year bond payable, and received proceeds of $434,000. Interest is pay
Harlamova29_29 [7]

Answer:

The carrying value of the bonds immediately after the first interest payment is $434,300.

Explanation:

Face value of the bond = $440,000

Proceeds from bond issue = $434,000

Discount on bond payable = Face value of the bond - Proceeds from bond issue = $440,000 - $434,000 = $6,000

Total number of seminual = Number of years of bond maturity * Number of semiannual in a year = 10 * 2 = 20

Discount amortizaton per semiannual = Discount on bond payable / Total number of seminual = $6,000 / 20 = $300

Carrying value after first interest payment = Proceeds from bond issue + Discount amortizaton per semiannual = $434,000 + $300 = $434,300

Therefore, the carrying value of the bonds immediately after the first interest payment is $434,300.

3 0
3 years ago
Which of the following is an example of successive approximation
nadya68 [22]
Giving positive reinforcement when a student comes close to what you wanted 
5 0
3 years ago
If we had a situation of Diminishing Marginal Productivity, then this would be great news for the firm. Senior management loves
juin [17]

Answer:

The correct answer is the second option: False.

Explanation:

To begin with, the well known term of <em>"Diminishing Marginal Productivity"</em> is understood to be an economic law whose main purpose is to explain that given a certain level of an input, the production of the company will start to go down eventually after adding more and more of that variable. Therefore that this theory states that when a company adds more of a factor of production, everything else constant, when it reaches a certain level that input will start to affect the output of the good and with it the profits of the business. That is why that if the company is in a situation of diminishing marginal productivity the senior management would not be pleased.

3 0
4 years ago
Wilson’s Market is considering two mutually exclusive projects that will not be repeated. The required rate of return is 13.9 pe
baherus [9]

Answer:

Project A shall be accepted as Project A has positive and higher NPV than Project B.

Explanation:

Since the projects are mutually exclusive we will evaluate the NPV that is Net present value of the projects.

Project A

Present Value of Cash outflow = $54,500

Rate of return = 13.9%

Present value of cash inflows

Year            Cash flow            PV @13.9%              Present Value

1                    $16,400                0.878                         $14,399.2

2                   $28,900               0.771                           $22,281.9

3                   $31,700                 0.677                          $21,460.9

Total cash inflow $58,142

NPV = $58,142 - $54,500 = $3,642

Project B

Present Value of Cash outflow = $69,400

Rate of return = 12.5%

Present value of cash inflows

Year            Cash flow            PV @ 12.5%              Present Value

1                    $0                          0.888                          $0

2                   $48,300                0.790                           $38,157

3                   $42,100                 0.702                          $29,554.2

Total cash inflow $67,711.2

NPV = $67,711.2 - $69,400 = -$1,688.8

Since NPV of Project B is negative and that of project A is positive Project A shall be selected, as there will be loss in case of Project B.

8 0
4 years ago
Bureaucracy why are bureaucracies often less efficient than private companies at producing public goods? check all that apply.
sukhopar [10]
Because bureaucracies are legally shielded from market forces, including certain incentives, they may not be driven enough to help the market system achieve efficiency. 

Moreover, just as everyone else, bureaucrats also try to maximize and protect their own interests and welfare as best as they can. Because of this, they may opt to serve their own interests. These interests may or may not be in line with those needed to achieve economic efficiency and thus, may lead to more public spending than desired. 

Lastly, when formulating provisional decisions, bureaucrats usually fail to use cost-benefit analysis, resulting in decisions which may not be for the best in terms of economic efficiency. 
8 0
3 years ago
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