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Flura [38]
1 year ago
9

Describe a problem you face in your everyday life or at work. How might you use hypothesis testing to find a solution or improve

ment to that problem? Would you conduct a one-sample or two-sample test? What would be your null and alternative hypotheses?
Business
1 answer:
ololo11 [35]1 year ago
6 0

Answer:

The common problem i encounter mostly is the statistical modelling problem.

In this scenario we choose best combination of independent variables for the hypothesis testing. the independent variable shows the significant effect on dependent variable so we keep it in modelling.

My null hypothesis would be that there is no significant effect of independent variable on dependent variable.  for my alternative hypothesis there exist is significant effect of independent variable on dependent variable.

Explanation:

The common problem I face daily is the statistical modelling problem which is the selection of relevant independent variable for prediction modelling.

In this example to select the best combination of independent variables we use hypothesis testing. if the independent variable has significant effect on dependent variable then the independent variable shows the significant effect on dependent variable so we keep it in modelling. In this way the model gets improved.

Since there are always two variables or two categories. hence it has a two sample test.

The Hypothesis can be shown below:

Null hypothesis:

H0: There is no significant effect of independent variable on dependent variable.

Alternative hypothesis:

Ha: There is significant effect of independent variable on dependent variable.

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Computing Depreciation and Accounting for a Change of Estimate Lambert Company acquired machinery costing $110,000 on January 2,
lesya692 [45]

Answer: please see answers in explanation column

Explanation:

a) Under straight-line method,

 Depreciation expense =(Cost - residual value) ÷ No of years =

= ($110,000 - $15,000) ÷ 6 years = $15,833  which refers to the yearly depreciation expense.

Therefore,  the yearly depreciation expense of $15,833 will be applied to the Years 2019, 2020 and 2021.

Total depreciation for all the three years equals  

 $15,833 x  3 years = $47,499.

(b) The double-declining method

which is  2 x  Straight - Line Depreciation Percentage x Book value

 Straight - Line Depreciation Percentage

100% ÷ 6 years = 16.67%,

 Therefore, Year 2019= 2 x  16.67% x  $110,000 = $36,663

Year 2020=2 x  16.67% x  $73,337 ($110,000 - $36,663) = $24,443

Year 2021=2 x  16.67% x $48,894 ($73,337 - $24,443) = $16,296

The total of the three years ie 2019 to 2021  =$77,402

(c) Given that in 2021 which is  after 2 years, the revised estimated useful life becomes 7 years and the residual value is $10,000

Depreciation Using  the straight-line method becomes  

Depreciation expense =(Cost - residual value) ÷ No of years

But Net Book Value, which is the cost  at the end of 2019  

$110,000 - $15,833  x  2 years = $78,334

Therefore, Depreciation expense= ($78,334 - $10,000) ÷ 7 years = $9,762  

Also,

Using double-declining method,

Straight - Line Depreciation Percentage = 100% ÷ 7 years = 14.29%,

Year 2021,

2 x 14.29% x $48,894 ($73,337 - $24,443) = $13,969

6 0
1 year ago
Retirement Investment Advisors, Inc., has just offered you an annual interest rate of 4.1 percent until you retire in 45 years.
grigory [225]

Answer:

If you wait one year, in 45 years you will have $16,624.04 more than investing today.

Explanation:

Giving the following information:

Option 1:

Initial investment= $11,500

Number of years= 45

Interest rate= 4.1%

Option 2:

Initial investment= $11,500

Number of years= 44

Interest rate= 4.7%

To calculate the future value for both options, we need to use the following formula:

FV= PV*(1+i)^n

<u>Option 1:</u>

FV= 11,500*(1.041^45)= $70,142.41

<u>Option 2:</u>

FV= 11,500*(1.047^44)

FV= $86,766.45

If you wait one year, in 45 years you will have $16,624.04 more than investing today.

7 0
2 years ago
_______ strategies involve developing and selling new products to people who are already purchasing the firm's existing product
liberstina [14]
Market Developing strategies
4 0
2 years ago
Economists who view the AS curve as upward-sloping believe that changes on the demand side _______ result in changes in Real GDP
Yanka [14]

Answer:

May; cannot do anything

Explanation:

In the short run, the aggregate supply curve will react to price level, which means it is upward sloping rather than vertical. If the price level increases, quantity supplied will increase. If the price level decreases, the quantity supplied will decrease.

5 0
2 years ago
Read 2 more answers
You win a lottery with a prize of $1.5 million. unfortunately the prize is paid in 10 equal annual installments. the first payme
8090 [49]

Answer:

PV= $1,006,512.21

Explanation:

Giving the following information:

Annual payments= $150,000

Discount rate= 8%

Number of periods= 10 years

<u>First, we need to calculate the future value using the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual payment

FV= {150,000*[(1.08^10) - 1]} / 0.08

FV= $2,172,984.37

<u>Now, we can determine the present value:</u>

PV= FV/(1+i)^n

PV= 2,172,984.37/(1.08^10)

PV= $1,006,512.21

3 0
2 years ago
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