Reference no: EM13915520
1. Type I and II Errors
Think of a major decision you have made. What factors helped you to make that decision? How can you relate a Type I or Type II error to your decision? What were the ramifications of the decision?
For example, in 1995, I was thinking about moving from Florida to Arizona.
HO: Move to Arizona
H1: Stay in Florida
A type I error would be to stay in Florida when I should have moved to Arizona.
A type II error would be to move to Arizona when I should have stayed in Florida.
If I had stayed in Florida, I would have probably not had some of the job and educational opportunities that I have here in Arizona. However, my increase in home value in Florida would have been much higher than in Arizona (especially in this economy).
2. Hypothesis Testing
Explain how you could set up a 5 step hypothesis test for one of the following
Do Radar Detectors increase speeding?
Do People really have ESP?
Does Packaging of a product increase sales?
Does duct tape work better than Band-Aids?
Do left hander's have a shorter lifespan?
Do more men suffer from holiday depression?
Do nonsmokers recover from injury faster than smokers?
Is one route to work faster than another?
3. Labels
Have you ever thought, "Am I getting the amount that I paid for ?", or for that matter, "Am I getting what I paid for?". Have you ever bought something that you thought was a good deal, only to later realize that you should have thought more carefully? As consumers, we all purchase many bottled, boxed, canned or packaged products. Talk about how you may have been tricked by manufacturers labels, and how statistics (and even hypothesis testing) can allow us to become better consumers.
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Preparing the master budget
: Which of the following statements is NOT correct?
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Prepare a statement of cash flows based on the information
: Determine the amount of cash flow for each item and indicate whether the item should appear in the operating, investing, or financing activities section of a statement of cash flows. if an item does not affect the cash flow statement, make a statemen..
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Easton corporation
: Last year Easton Corporation reported sales of $860,000, a contribution margin ratio of 40% and a net loss of $38,000.
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An invoice price
: Oct. 10 Buyer returned to Urquhart Company unacceptable merchandise that had an invoice price of $600. Urquhart receives them one day later and restores them to inventory. The returned goods had cost Urquhart $400.
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What were the ramifications of the decision
: Think of a major decision you have made. What factors helped you to make that decision? How can you relate a Type I or Type II error to your decision? What were the ramifications of the decision
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Prepare journal entries to record these transactions
: A Plus Corporation issued 5,000 shares of no-par common stock for $40 per share. A Plus also issued 2,000 shares of $50 par, 5 percent noncumulative preferred stock at $55 per share.
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Benefits to an erp for old dominion trail bikes
: Use the Case Study presented here to answer the questions below. Your answers should be long enough to answer each question fully and completely and typed the individual question.
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Analyze the data and prepare a statement of cash flows
: Sold equipment costing $48,000 with accumulated depreciation of $26,000 for $23,500 cash. 2. Paid a $50,000 cash dividend to owners.
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Explain how the internet has aided criminal activity
: The rapid growth of technology has aided Criminal activity in many ways. The internet allows communication between individuals without having to be near one another. It helps aide persons with interest of taking major companies under attack. With ..
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