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NEW QUESTION # 74
Which of the following histograms, each with nine observations, has a median of five? A)
B)
C)
D)
- A. Option B
- B. Option A
- C. Option D
- D. Option C
Answer: C
NEW QUESTION # 75
A trainer believes that a new workout regimen has helped athletes score more points per game. If the previous mean for points scored per player per game was 5.3, which alternative hypothesis below is the trainer trying to substantiate?
- A. u5.3
- B. u<5.3
- C. u>5.3
- D. u=5.3
Answer: C
NEW QUESTION # 76
The owner of a small bakery is interested in forecasting the bakery's total sales for a certain date. The owner believes that sales on a given day are influenced by the day's highest temperature (in degrees F) and whether the day falls on a weekend (Saturday or Sunday). A random sample of 60 days is taken from November 2013 to May 2014; the regression results are given below. If the high temperature for tomorrow, a Thursday, is forecasted to be 60 degrees F, what does the model predict the total sales will be?
Note that the weekend dummy variable takes a value of one for Saturday and Sunday and zero otherwise.
- A. $1,571.27
- B. $2,042.13
- C. $1,271.27
- D. $500.41
Answer: C
NEW QUESTION # 77
An organization focused on decreasing HIV in developing countries wishes to investigate the relationship between the prevalence of HIV and various education and economic factors. The organization collects data from 2011 for 98 different countries on the prevalence of HIV, as well as average years of schooling, gross domestic product (GDP) per capita, and health expenditures per capita, which they believe all have an impact on HIV prevalence. Which of the following options correctly runs the regression specified above?
A)
B)
C)
D)
- A. Option B
- B. Option A
- C. Option D
- D. Option C
Answer: B
NEW QUESTION # 78
The owner of a t-shirt store on a beach sells 200 shirts per month in the summer for a price of $15.00. During the winter months, the owner reduces the price to $9.00 and sells 100
shirts per month. The store must be leased in one-year increments at $400 per month in rent. The cost of labor, materials, and utilities are an additional $600 a month. Should the store remain open during the winter months?
- A. No, the store should shut down completely.
- B. Yes, the store should remain open but should lower prices to $6.00 during the winter months.
- C. No, the store should shut down during the winter months.
- D. Yes, the store should remain open during the winter months.
Answer: D
NEW QUESTION # 79
On an income statement, net sales minus cost of goods sold equals:
- A. operating income.
- B. net income.
- C. pretax profit.
- D. gross profit.
Answer: D
NEW QUESTION # 80
A heavily populated town with many gas stations has an average price of $3.25 for a gallon of gasoline. However, one gas station charges $3.60 for a gallon of gasoline and remains very competitive in the market. Which of the following situations could NOT explain this gas station's success?
- A. The gas station offers a free car wash if customers purchase 10 or more gallons of gas.
- B. The gas station offers a loyalty program through which customers can earn points toward future purchases.
- C. The gas station is in a convenient location for its customers.
- D. The gas station entered the market earlier than any of its competitors.
Answer: D
NEW QUESTION # 81
The electric car market is expected to grow significantly over the next few years due to new technologies making electric cars more affordable. Which of the following types of companies would MOST likely benefit from the substitution of electric cars for traditional vehicles?
- A. Oil suppliers
- B. Airlines
- C. Auto mechanics
- D. Public transportation
Answer: B
NEW QUESTION # 82
When a company declares and pays dividends to its shareholders, which of the following options is affected?
- A. Current ratio
- B. Accounts receivable turnover
- C. Interest coverage ratio
- D. Gross profit margin
Answer: A
NEW QUESTION # 83
What is the set of accounting standards most commonly used by companies outside the US?
- A. Global Financial Accounting Standards (GFAS)
- B. Convergence of International Financial Reporting Standards (IFRS) and US Global Financial Accounting Standards (US GFAS)
- C. US Generally Accepted Accounting Principles (US GAAP)
- D. International Financial Reporting Standards (IFRS)
Answer: D
NEW QUESTION # 84
On the balance sheet, which of the following options would be included in the Paid-In Capital account?
- A. A cumulative amount of previous profits
- B. Equity investments in other companies
- C. Reserves and accounting provisions
- D. Cash contributed by owners of the business
Answer: D
NEW QUESTION # 85
A tech company has just completed market research on a potential new project that would last three years. The research cost $150,000 and determined that the project is expected to bring in $200,000 of revenue annually. The company will have to lease a plant for a total three-year cost of $100,000 and calculates that materials and labor will cost 60 percent of revenue. Given this information, what will economic profits be for the three years, and should the project be adopted?
- A. -$10,000. No, the project should not be adopted.
- B. $240,000. Yes, the project should be adopted.
- C. $140,000. No, the project should not be adopted.
- D. $140,000. Yes, the project should be adopted.
Answer: D
NEW QUESTION # 86
A group of season ticket holders wants to forecast attendance at National Football League (NFL) games for the upcoming season. One ticket holder argues that using the population of the United States as the only independent variable would explain as much as using both the United States population and the percent change in disposable income (per capita) as independent variables. Another ticket holder argues that using the percent change in disposable income (per capita) asthe only independent variable would provide the most accurate forecast. Listed below are the Adjusted R2 values for three regression models. Based on these values, and keeping in mind that the ticket holders are only concerned about forecasting, what is the correct conclusion?
- NFL Attendance vs. US Population and Percent Change in Disposable Income.
Adjusted R2= 0.8964 - NFL Attendance vs. US Population: Adjusted R2= 0.8609 - NFL Attendance vs. Percent Change in Disposable Income. Adjusted R2= -0.0244
- A. The Adjusted R2 of NFL Attendance vs. Percent Change in Disposable Income is negative, so Percent Change in Disposable Income should be excluded from any regression model.
- B. The Adjusted R2 of NFL Attendance vs. US Population and Percent Change in Disposable Income is higher than that of either single variable regression model, so both US Population and Percent Change in Disposable Income should be included in the regression model.
- C. There is not any information regarding the p-values of the independent variables, so it is impossible to determine the explanatory power of the regression models.
- D. The Adjusted R2 of NFL Attendance vs. US Population is higher than that of NFL Attendance vs. Percent Change in Disposable Income, so US Population should be the only independent variable in the regression model.
Answer: B
NEW QUESTION # 87
Which of the following figures does an analyst need to calculate from the income statement in order to calculate free cash flows?
- A. Earnings before interest and taxes
- B. Gross profit
- C. Capital expenditures
- D. Net revenue
Answer: A
NEW QUESTION # 88
A music executive is trying to determine the effect that advertising expenditures (in dollars) have on digital music sales. After gathering sales data from the previous 12 quarters, the executive finds the effect that advertising expenditures have on digital music sales can be described by the following equation:
Digital music sales = 9,500 + 0.15*(advertising expenditures)
Based on this equation, which of the statements below is correct?
- A. Each additional $1.00 spent on advertising increases digital music sales by 9,500 units on average.
- B. Each additional $0.15 spent on advertising increases digital music sales by $1.00 on average.
- C. Each additional $1,000 spent on advertising increases digital music sales by $0.15 on average.
- D. Each additional $1.00 spent on advertising increases digital music sales by $0.15 on average.
Answer: D
NEW QUESTION # 89
A study was conducted to examine the effect of age, education level, number of minor legal offences, and daily alcohol consumption on annual income.
Which of the following hypothesis tests is NOT conducted in the multiple linear regression output table?
- A. A hypothesis test for the significance of age on annual income, provided that education level, number of minor legal offenses, and daily alcohol consumption remain constant
- B. A hypothesis test for the significance of education level on annual income, provided that age, number of minor legal offenses, and daily alcohol consumption remain constant
- C. A hypothesis test for the significance of annual income on the four independent variables
- D. A hypothesis test for the significance of all four independent variables on annual income
Answer: C
NEW QUESTION # 90
The graph below reflects which of the following situations in the market for apples?
- A. A new disease kills apple trees.
- B. The government introduces a tax on oranges.
- C. There is a shortage of apples.
- D. New equipment decreases the costs of harvesting apples.
Answer: A
NEW QUESTION # 91
A pharmaceutical company is developing a drug that aims to reduce the recovery time (in days) for a particular illness. To test the effect, the company gives 200 randomly selected patients a placebo and 200 randomly selected patients the new drug. The findings from the study are provided below.
Based on this output and a confidence level of 95%, which of the following options would be considered correct?
- A. The researchers would not reject the null hypothesis. Furthermore, they would suspend production of the new drug, because there is no evidence that it significantly lowers recovery time.
- B. The researchers would reject the null hypothesis. Furthermore, they would suspend production of the new drug, because there is no evidence that it significantly lowers recovery time.
- C. The researchers would reject the null hypothesis. Furthermore, they would continue production of the new drug, because there is evidence that it significantly lowers recovery time.
- D. The researchers would not reject the null hypothesis. Furthermore, they would continue production of the new drug, because there is evidence that it significantly lowers recovery time.
Answer: A
NEW QUESTION # 92
A financial planning software company has earned large profits for the past four years, attracting new entrants to the market. What effect does the new competition have on the original company's market?
- A. Customers will become more sensitive to price changes.
- B. The company will be willing to supply less at any price.
- C. Demand for financial planning software will become less elastic.
- D. The company will increase the price of its software.
Answer: A
NEW QUESTION # 93
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