Nesta is making a scatterplot of the digit spans (how many numbers you can remember and repeat back) for his psychology class, with the spans for digits the students hear on one axis and the span for digits the students read on the other. The association is strong, but he notices that one student has a visual digit span that is twice as long as anyone else. What statistical validity question is he raising?Is the correlation statistically significant?

Is there a restriction of range?

Is the relationship curvilinear?

Could outliers be affecting the relationship?

Answers

Answer 1

Answer:

Answer:

Could outliers be affecting the relationship?

Explanation:

In most practical circumstances an influence outlier decreases the value of a correlation coefficient and weakens the regression relationship, but it's also possible that in some circumstances an outlier may increase a correlation value and improve regression.

Notice that in the scenario it is mentioned that ''he notices that one student has a visual digit span that is twice as long as anyone else.'' , this will raise the question as to ''what is increasing the value of the correlation coefficient (the span) between the 'digits the students hear' AND 'the digits the student read'

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At ICS Inc., a company that deals in software products, employees regularly complain about the lack of clarity regarding the tasks they are required to perform. Often there are two employees working on overlapping tasks, while some tasks are not designated to any employee. Though employees are satisfied with the pay and work culture, this aspect of their work environment has led to a lot of conflict in the workplace. From the information provided, this complaint of the employees can be closely linked to which HR function?A) compliance with laws
B) analysis and design of work
C) compensation and benefits
D) maintenance of employee relations
E) recruitment and selection

Answers

Answer:

E) recruitment and selection

Explanation:

The human resource department of an organization is responsible for assigning tax to employees after recruitment based on their abilities.

Hence, the human resource team at ICS Inc needs to improve on filling the gaps in the organization or selecting the best employee for a particular job. This role involves providing clarity regarding the tasks employees are required to perform.

Symmetric information is the same as perfect information. a) holds under the assumption of rational expectations.
b) is true only in efficient markets.
c) means that savers and borrowers have the same information.

Answers

Answer:

The correct option is (C)

Explanation:

The information is a critical aspect of any financial market. Transparency is all about having everybody the same information. The symmetric information is all about transparency and having the same information. It means that borrower's and savers have the same information. It helps to stop misconduct and inside trading. The symmetric information helps borrowers and savers to trust the market and invest.

Which phrase defines a demand schedule?A.)a chart showing the impact of demographic changes on demand
B.)a table showing the quantity demanded for a good at different prices
C.)a graph tracking the increase in demand at decreasing prices
D.)a report analyzing factors causing a change in demand for goods

Answers

The correct answer is B, a table showing the quantity demanded for a good at different prices. The demand schedule shows how many people want a specific product depending on its price. For example, if a price decreases, the demand schedule will likely show an increase in quantity demanded, because more people will want something that's cheaper. It doesn't concern demographic changes on demand (which has more to do with the population than the individual), it's not a graph (but instead a table), and it's not an analytical report that shows why a change in goods is happening (instead it just shows the change itself).

The question says, which phrase defines a demand schedule. The correct option is B. A demand schedule is a table which show the quantity of goods demanded by consumers at different price level. The quantity that will be demanded can be calculated using this table if the price level is given. The demand curve is usually drawn from the demand schedule.

Market failure occurs when a free market is unable toa. distribute resources efficiently.
b. provide open opportunity
c. meet government regulations.
d. encourage innovation

Answers

The market failures can result in overproduction, underproduction, misallocation of resources, and negative externalities (such as pollution) address these failures and promote economic efficiency and societal well-being, governments may intervene through policies and regulations, such as taxes, subsidies, antitrust laws, and public provision of certain goods and services.

**Market failure occurs when a free market is unable to:**

**a. distribute resources efficiently.**

Explanation:

Market failure refers to a situation in which the free market system, left to its own devices without government intervention, fails to allocate resources efficiently.

Here's a breakdown of the options:

- **a. Distribute resources efficiently:** This is the correct statement. Market failure occurs when resources, such as goods and services, are not allocated in a way that maximizes societal welfare or efficiency.

Examples of market failure include externalities (positive or negative), public goods, information asymmetry, and monopolies, all of which can lead to inefficient resource allocation.

- **b. Provide open opportunity:** While providing open opportunity is an important aspect of a free market system, market failure is specifically related to inefficiencies in resource allocation, not necessarily a lack of opportunity.

- **c. Meet government regulations:** Market failure can occur in the presence of government regulations or in their absence.

Government regulations are often put in place to address market failures or prevent them, but market failures can still occur despite regulations.

- **d. Encourage innovation:** The role of market failure is not directly related to innovation.

However, innovation can be influenced by market conditions, and market failures may hinder or distort incentives for innovation.

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In economics, market failure is a situation in which the allocation of goods and services by a free market is not efficient, often it leads to a net social welfare loss. (Wikipedia definition)

The answer is A. Distribute resources efficiently.

In what three ways can companies consolidate

Answers

Consolidation is the merger and/ or acquisition of many smaller companies into much larger ones. There are many ways in which companies can consolidate. They include: Statutory Merger (a business combination that results in the liquidation of the acquired company’s assets and the survival of the purchasing company); Statutory Consolidation (a business combination that creates a new company in which none of the previous companies survive); Stock Acquisition (a business combination in which the purchasing company acquires the majority, more than 50%, of the Common stock of the acquired company and both companies survive).

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