...tailed test guarantees a rejection of the left or right tailed test. I think one can tell which direction the hypothesis should be by the way the research question is worded. Certain words can mean less than or greater than;: or equal to or not equal to; or greater than or equal to some number. One just needs to read the hypothesis carefully to make sure he or she is conducting the test in the correct direction or the test will be done wrong. An example of this would be where the average means of monthly wages for a population area is $1,800 and someone questions this saying they believe it is higher for the particular area. So the hypothesis for this particular scenario would be written out as: H0 : µ > 1,800 H1 : µ ≤ 1,800 Please try to respond to this question by at least Friday of Week 1, and interact with your classmates’ responses going forward as well. 5 - Why is statistical significance not necessarily of practical important difference to a business decision? Provide an example and explain. Why do statisticians play only a limited role in deciding whether statistical significance requires a business action? 4 - Explain the difference between the null...
Words: 751 - Pages: 4
...when setting up a business. Explain why they are challenges. Three challenges when setting up a business are finding the right location, finding the right employees and developing a mission or vision statement. Location can cause a business to flourish or to fail if a business is not easily accessible or visible it makes it hard for customers to locate or find it. Your employees will be your representatives to your customers and the outside world, if your employee is rude or inconsiderate it will be a direct reflection of your business. A vision or mission statement is very important because it lets customers know the intent of your business. Define what a niche product is. Give at least three examples of niche products. A niche product is a made and marketed for use in a small and specialized but profitable market. Three examples of a niche products Coogi clothing line, a thrift store and neighborhood convenience store. Explain why a niche company might have an advantage in a market. Would price necessarily be an advantage? Explain why or why not? A niche market company might have an advantage in a market because of its location. Price would not necessarily be an advantage because in a convenience store the price is usually higher, but customers frequently visit these places to buy items they forget at the local grocery store. Identify and explain three reasons why customers would pay more for exclusivity. Three reasons why a customer would pay more for exclusivity...
Words: 369 - Pages: 2
...only reason nor is it necessarily the main reason; France’s domestic situation, and Scotland’s lack of threats were also reasons why England invaded France at that time. One of the main reasons why Henry V invaded France was indeed that he wanted to strengthen his position as the King of England; Henry had inherited the throne from his father, Henry IV, who had had many troubles during his reign regarding his line to the throne: many thought that Henry IV had a weak claim to the Crown, and the line to the throne was weakened by the fact that he had usurped the role from Richard II and had not been Richard’s heir. Henry V wanted to strengthen his claim to the throne and secure his position as King of England by invading France in 1415; invading France would have shown that Henry was a traditional King and intended to win his support and honour on the battle field like many of the Medieval Kings before him, showing that he could be a strong and worthy King, which also counteracted his father’s abilities in later life: Henry IV had become ill during the later years of his life and could not campaign to places like Wales and Scotland in person, meaning that he had lost some support over the years, though his son, the future Henry V, had taken over the roles of business and government. Henry would have also invaded France in 1415 to establish the legitimacy of the Lancastrian dynasty: he wanted the respect of his subjects, and to he felt he needed to assert this legitimacy by invading...
Words: 1116 - Pages: 5
...following questions. * Do you agree with the results of your IAT. * If you are comfortable sharing, what was the result of your IAT? If you are not comfortable sharing, what was your impression of the IAT? * Do you agree or disagree with the result? * Do you think that the results are valid for you? Explain why or why not. * In your opinion, is prejudice easy or difficult to measure accurately? Why? Male with Science and Female with Liberal Arts compared to Female with Science and male with Liberal Arts is the Implicit Association Test (IAT) chosen for this assignment. The results acquired suggest a strong association of the topic, the ability to distinguish the association between the Male and Science and the Female with Liberal Arts. I would have to agree with the feedback received from the IAT; identifying the connection between Female and Liberal Arts, in my opinion is unquestioned; not necessarily because society portrays this “cliché”, overused stereotype. Woman have a natural agility and poise that most men do not attain; mostly because their bodies are built differently – inside and out. More than 90% of my responses to this test remained consistent with the concept that there is an association between Female/Liberal Arts and...
Words: 352 - Pages: 2
...Is a Green World A Safer World? Not Necessarily Rhonda Watson SOC 300 March 18, 2013 Prof. M. Mena Is a Green World A Safer World? Not Necessarily In this article the author discusses the possibility that a green world will be a better habitat for humanity. The author is doubtful and looks over the world to find out why. In a series of talking points the author examines a number of issues that will serve to disrupt those dwelling in an environmentally sound world. These include the possibility of green protectionism in the western world, the condition of oil producing countries and the water shortage that already exists and will increase in the future. The US was blessed with some pretty massive oil fields, like the East Texas fields. The main problem was that once the domestic supply of oil began running down, and it became cheaper to import it than make the efforts to get more oil from remaining sources in the US, we decided to simply go with the flow and join Great Britain and others in the Oil Power Politics game rather than seriously shifting away from oil consumption. However, two real issues emerge. One is how to safely dispose of spent fuel, a dilemma still fervently debated by environmentalists. Another is how to safeguard the security of the fuel at every other stage of its life cycle, particularly in comparatively cash-strapped emerging countries, which are often in regions scarred by instability and home to terrorist organizations with their own nuclear...
Words: 623 - Pages: 3
...Alejandra Lopez 9/1/16 Psyc 352 Homosexuality: Nature or Nurture? 1. Based on this reading, the text and lecture, in your opinion are sex drives all biology or nature, or do they get shaped to some extent, or expressed do to societal forces? Explain and support your position Human sexuality is so complex which makes this a very difficult topic to discuss. I wouldn’t say our sex drive is necessarily innate because those feelings of sexual desire don’t arise until we hit adolescence, but the fact that we grow to want to sexually express ourselves has always been predetermined. From an evolutionary perspective women were created to procreate and that in itself suggests there is a correlation between reproducing and sexual desire. On the other hand I do believe sexual attraction and arousal is in some ways influenced by society. I believe religion, culture, and social norms play a huge role in shaping peoples viewpoint on their own sexual needs. The fact that there has been numerous studies on how porn addicts eventually become numb to what once aroused them makes me think our sexual desires can easily be influenced by what we are exposed to. 2....
Words: 439 - Pages: 2
...markers for a disease or disability. However, many disabilities rights advocates, such as Marsha Saxton, argue that this practice is harmful and morally problematic because of what it implies about the value of those currently living with conditions that would likely be selected against. In this paper, I will present Saxton’s Expressivity Argument, as well a few of the most persuasive counterarguments to her stance, and then explain why I am not compelled to discredit the Expressivist Argument by these objections. Saxton’s Expressivist Argument takes the following...
Words: 1788 - Pages: 8
...I’m a bit of an interesting character because I don’t necessarily have a specific type that I fit into, according the quick test. None of my scores are that far apart. My highest score is a 26 for Conscientiousness, but it’s odd because the characteristics of that don’t necessarily describe me, outside of being fairly reliable. The other scores are 24’s with one 22, and in going down the list it seems that I’m a bit a mutt in terms of personality traits. I don’t overly lean one way or another, but instead carry traits from multiple categories. It may explain why I enjoy such a vast array of different activities in life, and possibly when I seem to get along with everyone. Like I can relate to them somehow. My scores don’t necessarily indicate that I would actually make a great leader, but they don’t indicate I would be a bad one either. This just makes my self-examination that much tougher to sort out. My personality from my point of view obviously shapes everything. On one hand it makes me a great team player, but it makes me unafraid to take control if I control is needed. On the other hand, I only seem to work hard at my job if I have some sort of incentive to do so. School wise, I always have a yearning to try hard but it doesn’t always pan out in direct action. The ability is always there, but the motivation to use it is...
Words: 255 - Pages: 2
...government different from an elected official? CW: This role is different from an elected official because it is nominated by the President of the United States. And, you can’t necessarily be biased in this type of position. The requirement for this job is to be independent and see the case from both sides, no matter what your personal point of view is. E: How is it the same? CW: We serve the people. Our jobs kind of work together in a way that is best for the country and serves to everyone’s needs. E: Do you think judges should be elected? Explain why or why not. CW: I don’t believe the people of America should be able to vote a judge into court. There are many different reasons to consider. As I said, a judge must be very independent and not put personal reason into any case. A majority of people believing in certain things or that belong to a certain political party can elect someone who only sees things from that point of view. That’s not necessarily what you want in the court. You want someone who can make decisions based on law. E: What is judicial review? CW: Judicial review is the power to review or cancel laws or acts of government that are not constitutional. E: Please explain the role of judicial review in a case you recently decided. CW: A case I recently worked in involved someone who stole and used people's credit cards from and in different states. The thief was convicted and sentenced to 20 years. However, this person appealed the sentence of 20 years in...
Words: 345 - Pages: 2
...Answer ALL Questions in this sections in the spaces provided. Be brief and precise. Question 1: Refer to Figure 6 below Figure 6 [pic] a. Equilibrium price and quantity before trade would be ▪ Price = $14; ▪ Quantity = 600 b. The price and domestic quantity demanded after trade would be ▪ Price = $ 18; ▪ Domestic quantity demanded = 400 c. After trade domestic production would be ▪ Domestic production = 800 d. How much of this product would be exported after trade ▪ Amount exported = 800 - 400 = 400 e. Calculate the consumer surplus before trade ▪ CS before trade = (26-14)*600*0.5 = 3600 f. Calculate the consumer surplus after trade ▪ CS after trade = (26-18)*400*0.5 = 1600 g. Calculate the producer surplus before trade ▪ PS before trade = (14-3)*600*0.5 = 3300 h. Calculate the producer surplus after trade ▪ PS after trade = (18-3)*800*0.5 = 6000 i. Calculate the net effect of trade on total surplus ▪ Net effect of trade = change in PS - change in CS = (2700- 2000) = 700 Note: An alternative and correct way to compute this is to calculate the area of the triangle showing the gain in surplus. This area is (18-14)*400*0.5 = 800. This is different from 700 because of a slight mislabeling of the diagram. Therefore award the full points for this answer as well. ...
Words: 1087 - Pages: 5
...Shayna Mayoh October 8, 2012 Tooele Eng. 1010 Essay #1 Destiny Destiny: the events that will necessarily happen to a particular person in the future. When a child is born is that child already destined to be like his/her parents? When our parents, siblings, or friends make mistakes do we learn from them? Do we change ourselves to be better because of the things in life that go on? Can we in a way choose our own destiny or does fate decide for us? In “I Stand Here Ironing” by Tillie Olsen, the daughter was born with a disability/illness. The mother did nothing to make her have this illness. The daughter was going to have it when she was born no matter what the mother did. The mother did not have this illness, so in this way she was not fated to be like her mom. Although this doesn’t mean the daughter was completely different then the mother, she could have acted the same maybe had the same personality as her mother. The personality that a child is born with is not necessarily going to be there personality for the rest of their life. As you grow older you change and is changes with you. When you meet new people you sometimes want to be like them so you will change your way of doing things to be like them, where at other times you meet people you don’t want to be like so you do everything you can not to be like them. Do the people we love most make mistakes, even if we don’t realize it at the time it happens? When they do, do we look back and try to make ourselves...
Words: 475 - Pages: 2
...prejudice. Though we might perceive this line of work to be her attempt to unveil the truth of the conflict in Crown Heights, I believe that Smith retold the stories that reflected prejudice, racism and bias in Crown Heights, not to seek who was wrong or right in Crown Heights, but to uncover the deep-seated hatred that occurs in this country. The truth may never be revealed but the audience is able to understand that the reasons for the rage in Crown Heights are more than just the Gavin Cato case of Yankel Rosenbaum’s murder. Anna Deveare Smith’s method of finding the truth in peoples stories lies in their syntax. The stutters and the “um’s” give the audience a better understanding of the character because in those stammers and pauses we, even for a moment, see some truth. Although it may help us understand where people are coming from, we still have no definite answer for why things ended up the way they did in Crown Heights. For example, in the monologue titled, Static, a Jewish woman says, “ I saw a little boy in the neighborhood, who I didn’t know and who didn’t know me—not Jewish, he was black and he wasn’t wearing a yarmulke because you can’t—“. The pauses in this particular monologue tell me that this woman is trying to watch what she says. In the times of hatred between Blacks and the Jewish, she did not want to slip up and so we often see her pausing to collect her thoughts or refer back to her story. This monologue does not necessarily help me reflect the truth about...
Words: 768 - Pages: 4
...Products and There Demand Identify at least three challenges when setting up a business. Explain why they are challenges. When setting up a business one must know that there will be challenges that will occur. The first challenge in setting up a business is having a business plan that will actually work and getting professional advice about whether the business plan is marketable. The second challenge is having or gaining access to capital to get the business going and to sustain your own expenses until the business pays for itself and pays for you too. The third challenge and to me the most challenging challenge is knowing and realizing that there will be long work hours for the first couple of months or longer until the business begin to grow. Define what a “niche” product is. Give at least three examples of niche products. A “niche” product is something very specific which is not regularly sold in big stores. A “niche” product usually designed not necessarily for everyone. This type of product should be a product that a consumer would have to go to a particular store to purchase it. When I think of a store that sells a “niche” product, I think of what we call a “specialty store.” Three examples of niche products are certain hair products. For example, the Carol’s Daughter hair product is a hair product that is not sold in big stores. In order to purchase this product a consumer must either purchase it on the Home Shopping Network , the consumer can go to the...
Words: 726 - Pages: 3
...The article I chose for this blog commentary was “At GOP Debate, Trump the Only Candidate Willing to Pause Muslim Immigration” This article caught my eye because it’s yet another example of someone in a position of power spreading a culture of fear mainly based on stereotypes, generalization and assumption. It also caught my eye, because this is very personally related to me. I myself am a Muslim, and even though I was born here, both my parents are immigrants to this country. Many of my close friends and people that I know are Muslim immigrants as well. Since statements such as the ones Trump makes on this issue attack me, my family, and people that I know, I’m naturally biased against what he has to say. This may keep me from being entirely objective....
Words: 586 - Pages: 3
...on the basis of value chain links, externalities, why is it important ,distribution of sales.(use the book of Peter to justify why automotive industry). 2) Why specifically Toyota(it might be case that Toyota is unique, it has particular types of competitive advantages, discuss the emergence of Toyota as a key global player).Basically to say the main reason of this topic is find out what is actually happening in this industry,why is it point of interest. 3) Methodology: I want to find out what will make this company successful in this market ? Need to look for successful examples in this particular market especially in automotive industry, what autom. Company. invested in those markets,look which one is successful.(case study analysis of the companies that have already invested in those markets,look at the fact that has an influence on investment process and link with OLI,take each company and say OLI configuration for different companies(saying OLI conf.for P@G look like ….Unilever look like …..).Once I’ve done with this I can say in general that ownership characteristic that a company carries in order to be successful should be like …location characteristics of the country are these and these are internalization advantages and this is why it end ups with FDI rather than anything else. In general I take couple of successful companies that have invested in those particular location. It doesn’t have to be necessarily all from automotive industry, generally I need to...
Words: 810 - Pages: 4
