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Ymorist [56]
3 years ago
15

A recent study on crime rates examines whether crime depends on sunshine. A researcher hypothesizes that sunshine makes people h

appy and thus reduces crime. She collects data from cities across the USA and their sunshine exposure, runs a regression, and finds the following:Dependent Variable: Number of Crimes per 100,000 people (higher scores mean more crime)DemocratsRepublicansIndependentSupport10300Oppose50100Don’t Care5020 R2 = .45Interpret the estimated slope, estimated intercept, and R2 from this regression. State whether the slope is statistically significant, how you reach
Business
1 answer:
Phoenix [80]3 years ago
4 0

Answer and Explanation:

R-square measures whether the variation exists or how much dependence the independent variables on the dependent variables.

R2 = .45 which is quite low. This shows that there is not much variation. In order to increase the R2 the researcher can add more independent variables.

The below part is taken from the internet as the question was incomplete:

Sunny days = 0.5

Intercept = 2.1

The slope shows a positive relationship (direct relationship) with the dependent variable which is crime dependency.

Sunny days is the independent variable.

Intercept is also positive whereas there is significance in the p value which helps in concluding that we will reject the null hypothesis.  

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A company begins a review of ordering policies for its continuous review system by checking the current policies for a sample of
Maru [420]

Answer:

Explanation:

Given that:

weekly demand = 72 units

no of weeks in 1 year = 48

Then; total demand = 72 × 48 = 3456 units

No of orders = \dfrac{\text{total demand }}{EOQ}

= \dfrac{\text{3456}}{145}

∴

The periodic review (P) = \dfrac{1}{no \ of \ orders}

= \dfrac{1}{\dfrac{3456}{145}}

= \dfrac{145}{3456}

= 0.041956 year

≅ 2 weeks

Z score based on 88 percent service level = NORMSINV(0.88) = 1.18

Here;

Lead time = 3 wks

P = 2 weeks

Thus protection interval = ( 3+2) weeks

= 5 weeks

Safety stock = z-score × std dev. of demand at (P+L) days

std dev = \sqrt{5 } \times 18 = 2.236 × 18

std dev = 40.248 units

Safety stock = 1.18 × 40.248

safety stock = 47.49 units

Safety stock ≅ 48 units

Average demand during(P + L) = 5 × 72 units

= 360 units

Target inventory level = average demand + safety stock

= 360 units + 48 units

= 408 units

3 0
3 years ago
"A review of major newspapers across the United States reveals that "help wanted" advertisement lineage has been decreasing. Thi
bearhunter [10]

Answer: leading indicator showing that economic activity is going to increase

Explanation:

From the question, we are informed that a review of major newspapers across the United States showed that "help wanted" advertisement lineage has been decreasing.

This simply means that there's going to be an increase in the economic activity. This is due to the reduction in "help wanted" as it seems many individuals can now meet their needs. This will have a positive effect on the economy.

5 0
3 years ago
Production and sales estimates for April are as follows:
Setler [38]

Answer:

Production= 11,500 units

Explanation:

Giving the following information:

Estimated inventory (units), April 19,000

Desired inventory (units), April 30 18,000

Expected sales volume (units):

Area A 3,500

Area B 4,750

Area C 4,250

Total sales= 12,500

To calculate the production for April, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 12,500 + 18,000 - 19,000

Production= 11,500 units

8 0
3 years ago
A company wants to identify which of two production methods has the smaller completion time. One sample of workers is randomly s
Marina CMI [18]

Answer:

A. Matched Samples

Explanation:

Matched samples is a situation whereby participants are paired, sharing every other characteristics except the one under investigation. The idea behind this is to have more control over unwanted variables. In this case, the study is measuring two production methods and in order to control the unwanted variable and leave only the characteristic or variable under investigation which is the production method, the two method is carried out by the same workers each.

6 0
4 years ago
Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fund occur
abruzzese [7]

Answer:

Kiona Co.

Journal Entries:

May 1:

Debit Petty Cash Fund $300

Credit Cash Account $300

To record the establishment of the petty cash fund.

May 15:

Debit Janitorial Services $93.60

Debit Miscellaneous Expenses $76.41

Debit Office Supplies $52.20

Debit Advertisement $68.58

Credit Petty Cash Fund $290.79

May 15:

Debit Petty Cash Fund $290.79

Credit Cash Account $290.79

To record the replenishment of the fund.

Debit Cash Account $13.80

Credit Surplus Cash $13.80

To record the excess cash counted.

May 16:

Debit Petty Cash Fund $200

Credit Cash Account $200

To record the increase of the fund to $500.

May 31:

Debit Office Stationery $53.73

Debit Transport $42.78

Debit Delivery Expense $44.17

Credit Petty Cash Fund $140.68

May 31:

Debit Petty Cash Fund $140.68

Credit Cash Account $140.68

To replenish the petty cash fund.

Debit Cash Account $50

Credit Petty Cash Fund $50

To record the reduction of the petty cash fund by $50.

Explanation:

A Petty Cash Fund is a system for meeting small-ticket expenses, by the use of the float system.  This implies that the petty cashier is only reimbursed for actual expenditure in order to restore the float to the established amount.

4 0
4 years ago
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