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A report on the average price of a sample of brand- name prescription drugs with their generic equivalents has found the generics to be considerably cheaper. The drugs and the average prices for their brand-name versus generic versions are listed in data file XR03047. Generate a scatter diagram with axes of your choice, fit a linear equation to the data, then determine and interpret the coefficients of correlation and determination. Source: Julie Appleby, "Drug Makers Fight Back As Patents Near Expiration," USA Today, November 26, 1999, p. 4B.
Note: For many of the Exercises 3.48-3.64, a computer and statistical software will be desirable and useful.
However, any necessary calculations can also be done with the aid of a pocket calculator. For readers using statistical software, keep in mind the file-naming key- for example, the data for Exercise 3.57 will be in data file XR03057.
Prior to a charitable gift to the Plato University of land with a basis of $6,000 and a value of $13,000, All-Set, Inc. had taxable income of $50,000. If the dividends-received deduction was $80,000, the charitable contribution deduction is:
the direct method allocates service center costs to operating departments in proportion to activity performed for the
The single audit requirements apply only to state and local governments. Private not-for-profits do not have to comply with these requirements, even if they receive federal grants.
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Davie Corporation is preparing its Manufacturing Overhead Budget for the fourth quarter of the year. The budgeted variable factory overhead rate is $6.00 per direct labor-hour; the budgeted fixed factory overhead is $92,000 per month, of which $16..
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