8 fuel efficiency of prius: fueleconomy.gov, the official us government source for fuel economy information, allows users to share gas mileage information on their vehicles. the histogram below shows the distribution of gas mileage in miles per gallon (mpg) from 14 users who drive a 2012 toyota prius. the sample mean is 53.3 mpg and the sample standard deviation is 5.2 mpg. (note that these data are user estimates and since the source data cannot be verified, the accuracy of these estimates is not guaranteed.) use your ti calculator.
Answers
Answer:
a) We assume that the plot is given on the figure attached. The total sample size is 1+2+7+2+2= 14 and for this case we can conduct a test since we assume normality and we can use the t distribution in order to work with a sample size less than 30.
b) [tex]p_v =2*P(t_{(13)}>2.375)=0.0336[/tex]
If we compare the p value and the significance level assumed [tex]\alpha=0.01[/tex] we see that [tex]p_v>\alpha[/tex] so we can conclude that we have enough evidence to fail reject the null hypothesis, so we can't conclude that the height of men actually its significant different from 50 at 1% of signficance.
c) The 95% confidence interval would be given by (50.298;56.302)
Explanation:
(a) We would like to use these data to evaluate the average gas mileage of all 2012 Prius drivers. Do you think this is reasonable? Why or why not?
We assume that the plot is given on the figure attached. The total sample size is 1+2+7+2+2= 14 and for this case we can conduct a test since we assume normality and we can use the t distribution in order to work with a sample size less than 30.
(b) The EPA claims that a 2012 Prius gets 50 MPG (city and highway mileage combined). Do these data provide strong evidence against this estimate for drivers who participate on fueleconomy.gov? Note any assumptions you must make as you proceed with the test.
Data given and notation
[tex]\bar X=53.3[/tex] represent the sample mean
[tex]s=5.2[/tex] represent the sample standard deviation
[tex]n=14[/tex] sample size
[tex]\mu_o =50[/tex] represent the value that we want to test
[tex]\alpha[/tex] represent the significance level for the hypothesis test.
t would represent the statistic (variable of interest)
[tex]p_v[/tex] represent the p value for the test (variable of interest)
State the null and alternative hypotheses.
We need to conduct a hypothesis in order to check if the mean is actually 50 or different, the system of hypothesis would be:
Null hypothesis:[tex]\mu = 50[/tex]
Alternative hypothesis:[tex]\mu \neq 50[/tex]
If we analyze the size for the sample is < 30 and we don't know the population deviation so is better apply a t test to compare the actual mean to the reference value, and the statistic is given by:
[tex]t=\frac{\bar X-\mu_o}{\frac{s}{\sqrt{n}}}[/tex] (1)
t-test: "Is used to compare group means. Is one of the most common tests and is used to determine if the mean is (higher, less or not equal) to an specified value".
Calculate the statistic
We can replace in formula (1) the info given like this:
[tex]t=\frac{53.3-50}{\frac{5.2}{\sqrt{14}}}=2.375[/tex]
P-value
The first step is calculate the degrees of freedom, on this case:
[tex]df=n-1=14-1=13[/tex]
Since is a one side test the p value would be:
[tex]p_v =2*P(t_{(13)}>2.375)=0.0336[/tex]
Conclusion
If we compare the p value and the significance level assumed [tex]\alpha=0.01[/tex] we see that [tex]p_v>\alpha[/tex] so we can conclude that we have enough evidence to fail reject the null hypothesis, so we can't conclude that the height of men actually its significant different from 50 at 1% of signficance.
(c) Calculate a 95% confidence interval for the average gas mileage of a 2012 Prius by drivers who participate on fueleconomy.gov.
The confidence interval for the mean is given by the following formula:
[tex]\bar X \pm t_{\alpha/2}\frac{s}{\sqrt{n}}[/tex] (1)
In order to calculate the mean and the sample deviation we can use the following formulas:
In order to calculate the critical value [tex]t_{\alpha/2}[/tex] we need to find first the degrees of freedom, given by:
[tex]df=n-1=14-1=13[/tex]
Since the Confidence is 0.95 or 95%, the value of [tex]\alpha=0.05[/tex] and [tex]\alpha/2 =0.025[/tex], and we can use excel, a calculator or a tabel to find the critical value. The excel command would be: "=-T.INV(0.025,13)".And we see that [tex]t_{\alpha/2}=2.16[/tex]
Now we have everything in order to replace into formula (1):
[tex]53.3-2.16\frac{5.2}{\sqrt{14}}=50.298[/tex]
[tex]53.3+2.16\frac{5.2}{\sqrt{14}}=56.302[/tex]
So on this case the 95% confidence interval would be given by (50.298;56.302)
Given the provided user-estimated data of gas mileage for a 2012 Toyota Prius, you could use your TI calculator to perform various statistical calculations. This could involve deriving a z-score or a t-score and comparing it to a critical value from the respective distribution. Note that the accuracy of your results will be dependent on the reliability of the user-reported data.
Explanation:The task asked in the question requires you to use the data supplied, along with your TI calculator, to perform statistical computations associated with the fuel economy or miles per gallon (mpg) of a 2012 Toyota Prius. This could involve computing a confidence interval, performing a hypothesis test, or calculating other statistics such as the median or mode. For instance, you might be asked to confirm if the sample mean of 53.3 mpg could have arisen by chance given the user-reported data. This would involve calculating a z-score or a t-score (depending on the size of your sample and whether you know the population standard deviation) and comparing it to a critical value from the z-distribution or t-distribution respectively.
It is important to note that your calculation results would only be as accurate as the user-reported data permits: inaccuracies or inconsistencies in the reported mpg values could affect the results of your analysis.
Learn more about Statistical calculations here:https://brainly.com/question/32828879
#SPJ3
Related Questions
________ argues that ________.Rico Raines; starvation in many parts of the world could be avoided with adequate price controls Amartya Sen; famines are more likely to occur where there are unfettered newspapers and political competition David Ricardo; mass starvations are more likely in democracy Amartya Sen; famines don't happen in democracies.
Answers
Answer:
Amartya Sen; famines don't happen in democracies.
Explanation:
Amartya Sen, the Indian economist, winner of the Nobel Price of Economics in 1998, said this famous quote after completing extensive research on the topic of famine.
Amartya Sen argues that because in democracies, the governments have to be elected, they have an incentive to avoid famines since a famine is a political catastrophe (and a humanitarian one) that would effectivelly prevent any ruling party from being elected again if a famine takes place under its administration.
Danny works for a company that matches his 401(k) retirement contributions at a rate of "$0.25 per $1" of his contributions, up to 6% of his salary. Danny earns $50000/year. Using Doc White’s advice, what is the minimum amount of salary that Danny should contribute to his 401(k) plan each year? A. $50000/year B. $3000/year C. $12500/year D. $12000/year
Answers
Answer:
B $3000/year
Explanation:
The minimum amount of salary that Danny should contribute to his 401(k) plan each year = 6% of his annual salary = 6/100 × $50000 = $3000/year
Final answer:
Danny should contribute a minimum of 6% of his salary to his 401(k) plan each year so the amount is B. $3000/year
Explanation:
Danny should contribute a minimum of 6% of his salary to his 401(k) plan each year.
His salary is $50,000, so
Calculating - 6% of $50,000
= 6/100 x 50,000
= 30,0000/100
= 3000
Therefore, option B, $3,000/year, is the minimum amount of salary that Danny should contribute to his 401(k) plan each year.
A client has been given atropine to cause mydriasis and cycloplegia. What is the expected outcome for this client?
Answers
Answer:
dilation of the pupil and loss of accommodation
Explanation:
Mydriasis is the dilation of the pupil of the eye. The dilation causes vision to be blurry.
Cycloplegia on the other hand is the loss of accommodation of the pupil and it is caused by the paralysis of the cilliary muscle of the eye. This paralysis causes the eyes to lose its ability to focus on things nearby.
Looking at this two conditions from the administration of atropine, the expected outcome of the client is blurry vision and inability to focus or see things close by(farsightedness).
I hope this helps.
Changes in Government spending (G) will have a _________ impact upon the economy than changes in T because Government spending goes directly into the economy..
Answers
Answer:
Larger
Explanation:
Government spending alludes to cash spent by the open division on the procurement of products and arrangement of administrations, for example, training, human services, social insurance.
This incorporates open utilization and open speculation, and move installments comprising of salary moves.
Fiscal policy affects aggregate demand through changes in government spending and taxation. Those factors influence employment and household income, which then impact consumer spending and investment.
Financial strategy influences total interest through changes in government spending and tax assessment. Those variables impact work and family unit salary, which at that point sway customer spending and venture.
Your company is evaluating two projects for consideration. Project A has a 40% probability of a $3,000.00 loss and a 60% probability of a $20,000.00 gain. Project B has a 30% probability of a $5,000.00 loss and a 70% probability of a $15,000.00 gain. Which of the projects would you select based on the greatest expected monetary value?
Answers
Answer:
We should select Project A as it has a higher expected value of 10,800 compared to Project B's expected value of 9,000.
Explanation:
We need to find the expected value of both the projects, using the formula
Expected value of project A= (probability of loss * value of loss)+(probability of gain* value of gain)
Expected value of project A= (0.40*-3,000)+(0.60*20,000)
=-1200+12,000=10,800
Expected value of project A= 10,800
Expected Value of project B= (probability of loss * value of loss)+(probability of gain* value of gain)
=(0.30*-5,000) +(0.70*15,000)=-1500+10,500=9,000
If the MPC is 0.8 and a component of AD, such as Investment, is increased by $5, then the maximum amount of change in income and output for the nation would be ___________ .
a. $20
b. $25
c. $50
d. $100
Answers
Answer:
$25
Explanation:
The maximum amount by which the real GDP is expected to change for a given change in expenditure is known as the multiplier. Note that an economy is made of millions of economic agents interacting with one another. So expenditure made by one actor becomes an income in the hands of another who in turn spends a portion which becomes income to another and so on.
Marginal propensity to consume (MPC) represents the proportion of any extra income spent. For example, if my income increases by $100 and I only spent $70, then MPC is 0.7.
The multiplier depends on MPC. The multiplier is calculated as follows
Multiplier = 1/(1-MPC)
The multiplier in this question is therefore equals to 1/(1-0.8) = 5.
The maximum change expected in the real GDP is calculated as follows:
Maximum change change in GDP = Multiplier × change in expenditure
The maximum change in output for this question is
1/(1-0.8) × $5 = $25
Within joint command organizations, leadership and ethics considerations require us to _____ and consider not only personal experiences, but also the lessons learned from others' experiences - both positive and negative. a. seek out professional assistanceb. acknowledge our own prejudicec. know all of the factsd. critically think about
Answers
Answer: D. Critically think about
Explanation:
Joint command organizations, leadership and ethics considerations require us to critically think about and consider not only personal experiences, but also the lessons learned from others experiences.
THe nurse manager working at a rehabilitation center for older adults notices an increase in the incidence of client falls. The nurse manager reprimands the nurses and staff responsible for the falls and places them on probation. Which statement best describes the nurse managers leadership style?
a. autocratic leadership
b. shared leadership
c. good clinical leadership skills
d. effective interprofessional leadership
Answers
Answer: A. Autocratic leadership
Explanation: Autocratic leadership is a type of leadership whereby the leader takes sole responsibility of decision making without involving others.
Characteristics of autocratic leadership
1. The leader is in complete control
2. There is no room for employee initiative.
3. Followers are not involved in problem solving or decision making.
4. Subordinates are reprimanded if perfection is not attained.
The nurse manager's actions of reprimanding and placing staff on probation for client falls exemplify an autocratic leadership style, characterized by centralized decision-making without team input.
Explanation:The nurse manager at a rehabilitation center for older adults who reprimands nurses and staff for an increase in client falls, placing them on probation, is displaying an autocratic leadership style. This leadership style involves centralizing all decision-making powers in the leader, who dictates policies and procedures and expects compliance without input from team members. In contrast, other leadership styles, such as democratic or transformational, would involve the team in problem-solving and decision-making to address the issue of increased falls.
Marley Office Goods budgeted 12,000 and produced 11,000 tape dispensers during June. The resin used to make the dispensers is purchased by the pound. Standards and actual costs follow for June: Standard Actual Materials 2 pounds @ $5.00 a pound 20,900 pounds $4.90 a pound Labor .25 hours $15.00 per hour 2,700 hours $15.30 per hour Variable Overhead $3.25 per dispenser $36,500 Fixed Overhead $1.50 per dispenser $17,250. How much is the standard cost of one tape dispenser?
Answers
Answer:
standard cost = $18.50 per dispenser
Explanation:
given data
standard actual cost
Materials = 2 pounds @ $5.00 a pound 20,900 pounds $4.90 a pound
Labor = .25 hours $15.00 per hour 2,700 hours $15.30 per hour
Variable Overhead = $3.25 per dispenser $36,500
Fixed Overhead = $1.50 per dispenser $17,250
to find out
standard cost of one tape dispenser
solution
first we get here Materials cost and labor cost that is
Materials = 2 pounds @ 5 per pound
material = $10
and
Labor = 0.25 Hrs @ 15 per hour
labor = $3.75
and Variable cost is $3.25 and Fixed Cost is $1.50
so standard cost will be here as
standard cost = $10 + $3.75 + $3.25 + $1.50
standard cost = $18.50 per dispenser
A home is appraised at $125,000 and the assessment level is 35%. There are a total of 40 mills in the taxing area.
What are the annual taxes?
Answers
Answer:
$1,750
Explanation:
First, we have to calculate the assessed value which can be determined using the below formula:
Assessed value=Appraised value of home*assessment level
=125,000*35%
=$43,750
The next step is to calculate the cost of each mill which can be calculated using the following formula:
Cost of each mill=Assessed value/1000
=43750/1000
=43.75
The final step is to find the annual taxes, which can be calculated using the following formula:
Annual taxes=cost of each mill*number of mills
=43.75*40
=$1,750
Michael wanted to build a small princess castle for his daughter in the backyard. He decided to turn it into a do-it-yourself project, so he bought the disassembled parts of the castle from Big Ben Forts Inc. However, after the purchase, he found that the manual provided by the company gave vague directions that were hard to understand. He built the castle by following the manual, but after a few days the castle collapsed and injured his daughter who was playing inside. Which of the following actions can Michael take in this situation?
A) He can sue Big Ben Forts for defects in the packaging of their products.
B) He can file a negligence lawsuit against the store from which he bought the castle.
C) He can file a strict liability lawsuit against Big Ben Forts for failure to provide adequate instructions on assembling the product.
D) He can file a strict liability lawsuit against Big Ben Forts for failure to warn about the possible dangers of the product.
Answers
Answer:
C)
Explanation:
He can file a strict liability lawsuit against Big Ben Forts for failure to provide adequate instructions on assembling the product.
Michael may file a negligence lawsuit against Big Ben Forts Inc. for providing inadequate instructions or a strict liability lawsuit for a product defect, as the vague manual led to improper assembly and the injury of his daughter. Consulting a lawyer is vital to determine the correct legal approach.
Explanation:Michael can consider taking several legal actions in the given situation where a DIY princess castle that he built for his daughter collapsed. Given the circumstances that the manual was vague and hard to understand and that the castle collapsed causing injury to his daughter, he might have a few options:
He can file a negligence lawsuit against Big Ben Forts Inc. if it can be shown that the company breached a duty of care owed to him by providing inadequate instructions that led to the unsafe assembly of the castle.He can file a strict liability lawsuit against Big Ben Forts Inc. for failure to provide adequate instructions on assembling the product which is a defect in the product itself.Option A and B mentioned are less relevant, as there's no mention of defects in the packaging nor is there a specific store that he filed a lawsuit against unless it had its own separate negligence.Product liability may be an avenue if he can assert that the product was inherently dangerous and required clearer warnings and instructions to prevent harm.It is crucial to consult with a lawyer to assess the specific facts of the case, and to determine the appropriate course of action based on local laws and regulations.
Martin, who wants to sell a house he owns, authorizes his concierge, Wilhelm, to find a potential buyer, and finalize a deal above a stipulated price. Wilhelm contracts Chris, a real estate broker, and instructs him to only find a potential buyer and send them over to Wilhelm for the sale. Martin then contracts ReNowait Goodhouses, a home improvement company to renovate the house. ReNowait completes its work and Martin pays them. Chris then searches for a suitable buyer and finds one in George. George buys the house and Chris is paid for his services. Who performs the role of the agent in this land sale transaction?
A) Wilhelm
B) Martin
C) Chris
D) George
Answers
Answer:
A) Wilhelm
Explanation:
Wilhelm performs the role of the agent as he is the one who martin contacts to find a potential buyer so Wilhelm is martins agent in this case and Wilhelm is the one in contact with the seller Martin so he is the agent and is finding buyers by contacting real estate agents on Martins behalf.
The real-income effect:______ a. occurs when utility declines as consumption increases. b. is the additional satisfaction derived from consuming one more unit of a good or service. c. is the combination of goods and services that maximizes utility for a given income. d. occurs when a consumer buys more of a good as a result of a relative price change. e. occurs when there is a change in purchasing power as a result of a change in the price of a good.
Answers
Answer: The correct answer is "e. occurs when there is a change in purchasing power as a result of a change in the price of a good.".
Explanation: The real-income effect occurs when there is a change in purchasing power as a result of a change in the price of a good.
The income effect corresponds to the variation in the quantity demanded of a good (or service) as a result of the modification of the purchasing power of purchase caused by a change in the price of the good in question.
When flying a GPS approach procedure, what effect will overriding an automatically selected sensitivity have?
Answers
Answer: It will cancel the approach mode annunciation
Explanation: GPS(Global positioning system) is a United States of America owned navigation system which makes use of radio waves it was developed and managed by the United States Department of defense. When flying a GPS approach procedure,it is recommended not to override an automatically selected sensitivity,the approach mode annunciator or receiver should be verified before making any changes.
Corporate managers who fail to give due consideration to the rights of employees and other concerned groups in the pursuit of profit are treating these groups as means to the ends of stockholders. This is unjust according to the
a. financial framework
b. classical tradition
c.rights-based ethical framework
d. stockholder theory
Answers
Answer:
c.rights-based ethical framework
Explanation:
because the managers should honor the rights of their employees
For a consumer with a given level of income, the combinations of goods for the budget constraint will be _______ than for the budget set.
Answers
Answer:
the correct answer is lower
Explanation:
For a consumer with a given level of income, the combinations of goods for the budget constraint will be lower than for the budget set.
good luck
Lindsay has a low starting interest rate of 2%, but then slowly, over time, it journeys to a high interest rate. This is known as interest rate "________" and is very dangerous.
A. leap
B. creep
C. catapult
D. drop
Answers
Answer:
B. creep
Explanation:
This is the gradual increase in the rates of interest on various credit products and assets. It is gradual and thus may seem negligible, to the eye of an unkeen borrower. However, its downside is that it eventually makes the cost of capital very costly, making borrowing expensive and subsequently discouraging borrowing which is an essential aspect of economic growth. If it continues unabated, economic growth in an economy is slumped and to a certain level halted.
AAA has a contract to build a building for $100,000 with an estimated time to completion of three years. A reliable cost estimate for the project is $60,000. In the first year of the project, AAA incurred costs totaling $24,000. How much profit should AAA report at the end of the first year under the percentage-of-completion method and the completed-contract method?Percentage-of-completion : Completed-contract
a) $16,000 : $0
b) $16,000 : $40,000
c) $40,000 : $0
Answers
AAA should report a profit of $16,000 at the end of the first year under the percentage-of-completion method and $0 under the completed-contract method.
Explanation:To determine how much profit AAA should report at the end of the first year under the percentage-of-completion method and the completed-contract method, we must calculate the revenue recognized and expenses incurred.
Under the percentage-of-completion method:
Percentage of completion = Total costs incurred to date / Total estimated costs = $24,000 / $60,000 = 40%Revenue to be recognized = Percentage of completion x Contract Revenue = 40% x $100,000 = $40,000Profit = Revenue recognized - Costs incurred = $40,000 - $24,000 = $16,000Under the completed-contract method:
Profit is not recognized until the project is complete.Therefore, the profit at the end of the first year is $0.Hence, the correct answer is:
Percentage-of-completion: $16,000
Completed-contract: $0
https://brainly.com/question/30286560
#SPJ3
Municipal bonds that are issued to pay for essential public projects are exempt from federal taxation.
True or False?
Answers
Answer:
True
Explanation:
A municipal bond is also known as Muni. It is a debt security used for funding capital expenditure for a county. These bonds are free from federal taxes but can be taxed by local or state bodies under various circumstances. These bonds are popular among people from higher income tax brackets. These bonds are issued when people loan money to municipal boards in exchange of interest payment for a specific period.
Zedz Technicals, a provider of game programming, directed its highly skilled and technically sound salespeople to visit its customers without prior appointment and makes a sales pitch on the spot. Which of the following techniques was used by the sales team?A) Creative selling
B) Inbound telemarketing
C) Cold calling
D) Missionary selling
Answers
Answer:
Cold calling
Explanation:
Cold calling
Cold calling is a techniques used in the sales business. it can be refer as first process where first call has made to the potential customer. tradionally it is done through telephone but now it can done through face to face interaction or door knocking.
cold calling is very important step in making healthy relation with the customer for longer period of time.
If output is above its natural rate, then according to sticky-wage theory
a. workers and firms will strike bargains for higher wages. This increase in wages shifts the short-run aggregate supply curve right.
b. workers and firms will strike bargains for higher wages. This increase in wages shifts the short-run aggregate supply curve left.
c. workers and firms will strike bargains for lower wages. This decrease in wages shifts the short-run aggregate supply curve right.
d. workers and firms will strike bargains for lower wages. This decrease in wages shifts the short-run aggregate supply cur
Answers
If output exceeds its natural rate, employees and companies will bargain for lower compensation, according to sticky-wage theory. This wage decline causes the short-run aggregate supply curve to move to the left. Option D is correct.
What is the sticky-wage theory?According to sticky wage theory, employee compensation is resistant to drop even under bad economic situations. Because workers would oppose a wage cut, a company will seek to cut expenses elsewhere, including through layoffs, if profitability decreases.
According to sticky-wage theory, if output exceeds its natural rate, employees and firms would bargain for reduced remuneration. The short-run aggregate supply curve shifts to the left as wages fall.
Therefore, option D is correct.
To learn more about the wages, refer to:
https://brainly.com/question/13847060
#SPJ2
Tony saved enough money to place $125,500 in an investment generating 9.25% compounded monthly. He wants to collect a monthly income of $1,350, at the beginning of each month, for as long as the money lasts. How many months will Tony have this income coming to him?
Answers
Answer:
It will last for 161.70 months
Explanation:
we need to solve for n in an annuity-due
[tex]C \times \frac{1-(1+r)^{-time} }{rate} (1+rate)= PV\\[/tex]
C $1,350.00
time n
rate 9.25% annual -->0.0925/ 12 = 0.007708333
PV $125,500.0000
[tex]1350 \times \frac{1-(1+0.0077083)^{-n} }{0.0077083} (1+0.00770833)= 125500\\[/tex]
[tex](1+0.0077083)^{-n}= 1-\frac{125500\times0.0077083}{1350}(1.00770833)[/tex]
[tex](1+0.0077083)^{-n}= 0.29 [/tex]
[tex]-n= \frac{log0.288891951699477}{log(1+0.0077083)
-n = -161.7057904
n = 161.7057
A broker-dealer offers 4 summer passes to an amusement park to each of its agents who sell at least $10,000 of bonds during the month of June. This action is:_______
I allowed
II not allowed
III considered to be "soft dollar" compensation
IV not considered to be "soft dollar" compensation
Answers
Answer:
I (allowed) and IV (not considered soft dollar compensation)
Explanation:
Soft dollar compensation refers to payments made to brokerage firms or agents as commission revenue. They differ from hard dollar compensation because hard dollars are payments that were agreed upon before an investor started working with the broker, while soft dollars are based upon variable commissions.
A stock’s holding period return represents:
a. the return from a stock relative to the return from a specific portfolio.
b. the total return earned over a specific period through buying and selling an asset.
c. the total dividend return received over the time a stock is held.
Answers
Answer:
b. the total return earned over a specific period through buying and selling an asset
Explanation:
Holding period return(HPR) is the return an investor receives for the period he/she holds the stock. For example if an investor buys a company's stock and holds it for a year then sells it after receiving the dividend, the holding period will be 1 year, while the holding period return will be the percentage rate of return earned within that 1 year , making choice B correct.
In California, Arthur wants to personally place business with RTS Insurance Company who is a nonadmitted carrier. The only way Arthur can rightfully place such business is if he seeks a:
Answers
Answer
Professional ethics and code of conduct regulation
Explanation:
California Professional code of conduct for insurance agent does not permit unethical placement, as the regulator view such as fraudulent practices.
Final answer:
Arthur can rightfully place business with the nonadmitted RTS Insurance Company in California by going through a surplus line broker, who is authorized to conduct business with insurers that are not licensed by the state insurance commissioner.
Explanation:
In California, if Arthur wants to personally place business with RTS Insurance Company, a nonadmitted carrier, he must do so through a surplus line broker. Nonadmitted insurance companies are not licensed by the state insurance commissioner and can only do business in the state through these brokers. Surplus line brokers are specialized in dealing with nonadmitted carriers and have the authority to place coverage with such insurers when the coverage cannot be obtained from admitted insurers.
An admitted insurance company has been licensed by the state and is subject to state regulation, which includes the approval of rates and the monitoring of the company's financial strength and claim-paying ability. In contrast, nonadmitted insurance companies operate outside of the state's direct regulatory framework but are still accessible through surplus line brokers who are regulated and authorized to transact with these insurers.
Watching consumers' actions during the postpurchase evaluation step of the consumer decision-making process led to the development of Chipotle's best-selling product, the
Multiple Choice
a. fried burrito.
b. soft taco.
c. taco salad.
d. chips and salsa.
e. burrito bowl.
Answers
Answer:
d. chips and salsa.
Explanation:
salsa has been the speciality of the chipotle, chips also been with mostly ordered with them
Suppose "expectations increase dramatically" (too much "buy now" behavior) in the mini-economy and the resulting demand shift causes the average price to rise from $2.20 to $2.40 in the circular flow. In the PPF Model then, the equilibrium would move from Point S to Point ________..
Answers
Answer:
Point P
Explanation:
The change of equilibrium conditions from point S to point P leads to an extreme inflation. Extreme inflation is also known as hyperinflation and it is a condition whereby there is an extremely high and increasing rate of inflation. This hyperinflation can easily devalue the currency in the country. In addition, the price of goods and services also increases.
Which of the following contract subject matters would not be covered under the UCC?
a. a contract for the sale of a mobile home from the manufacturer
b. a contract for the sale of a mobile home from a previous owner
c. a contract for the sale of a mobile home plus its lot
d. All of the above are under the UCC.
Answers
Answer:
Correct option is (c)
Explanation:
UCC is the abbreviation for Uniform commercial code that has been established for the purpose of sale of personal as well as business property.
Artcle 2 under UCC deals with sales and leases. As per this, any item identified as a good that is movable at the time of sale is considered subject matter of contract. So mobile house is covered under this article. Lot, however, is a single unit which is considered as a separate item for sale and cannot be combined with mobile home under UCC.
The contract that would not be covered under the UCC is a contract for the sale of a mobile home plus its lot. This is because the UCC typically does not cover real estate transactions and this contract involves the sale of real estate. In this case, a mobile home itself would generally be considered personal property, and contracts for its sale would be covered by the UCC.
Explanation:The subject of the question pertains to the Uniform Commercial Code (UCC), which governs transactions involving personal property but does not traditionally cover real estate. Therefore, option c, a contract for the sale of a mobile home plus its lot, would typically not be covered under the UCC. This is because it involves the sale of real estate - the lot - in addition to the sale of personal property - the mobile home. However, the specifics can sometimes vary state to state, depending on how they define a mobile home.
Options a and b, contracts for the sale of a mobile home from the manufacturer or a previous owner respectively, would commonly fall under the UCC since they involve the sale of goods - the mobile homes.
Learn more about UCC coverage here:https://brainly.com/question/13345505
#SPJ12
Which two statements are true about batch size, lead time, and utilization? (Choose two.)
a. Higher team member utilization leads to longer lead times
b. As batch size increases, lead time decreases
c. Large batches move through the system faster
d. Batch size is influenced by the Product Owner, utilization is influenced by the Development Team
e. There is no direct relationship between lead time and utilization
Answers
The statements 'Higher team member utilization leads to longer lead times' and 'Batch size is influenced by the Product Owner, utilization is influenced by the Development Team' are correct. High team member utilization can create bottlenecks, resulting in longer lead times while batch size and team member utilization are typically handled by the product owner and development team respectively.
Explanation:The two statements that are true about batch size, lead time, and utilization are: 'a. Higher team member utilization leads to longer lead times' and 'd. Batch size is influenced by the Product Owner, utilization is influenced by the Development Team'.
High team member utilization can result in longer lead times as an overworked team can easily become bottlenecked, slowing the overall process. Meanwhile, the batch size is usually determined by the product owner based on the requirements and the available resources, while the utilization (the percentage of time a team member is working) is largely determined by the development team based on their capacity and ability to do the work effectively and efficiently.
Learn more about Batch Size and Utilization here:https://brainly.com/question/31326572
#SPJ3
Higher team member utilization can result in longer lead times, and batch size is determined by the Product Owner while utilization rates are managed by the Development Team. Increasing batch sizes often lead to longer, not shorter, lead times.
Explanation:When considering batch size, lead time, and utilization in a production or development environment, it is important to understand their relationships and the truths about how they affect each other. The two statements that are true concerning these concepts are:
Higher team member utilization leads to longer lead times. This is because when team members are highly utilized, there is less capacity to absorb variability or unexpected work, which can lead to delays and longer lead times.Batch size is influenced by the Product Owner, utilization is influenced by the Development Team. Product Owners often determine what goes into a batch (via prioritization and scope of work for a given period), whereas Development Teams manage their own capacity and how heavily they are utilized.Contrary to statement b, increasing batch sizes can often lead to increased lead times because larger batches take longer to process and move through the system.
Furthermore, statement c is misleading since although large batches may move but they are not necessarily faster and can be prone to causing delays in the system.
Lastly, statement e is incorrect as there is indeed a relationship between lead time and utilization, as higher utilization can lead to longer lead times.
Learn more about Production and Development Environment here:https://brainly.com/question/14315866
#SPJ3
Teagen owns a small cottage in which her elderly aunt Katie lives. Teagen wants to ensure that Katie can live in the cottage for the remainder of her life, but when Katie dies, title to the property will return to Teagen. Teagen can accomplish this objective by granting Katie a.
Answers
Answer:
Life Estate
Explanation:
A life estate is a property owned by a person only during the lifespan of the individual. It is also called a tenant for life and a lease for life.
A life estate is restricting because it forbids the recipient from selling the property which generates the profits before the death of the recipient.
However the property can't go on further than the beneficiary's life.