Suppose that 14% of the patients in a small town are known to have heart disease....

Suppose that 14% of the patients in a small town are known to have heart disease. And suppose that a test is available that is positive in 97% of the patients with heart disease but is also positive in 6% of patients who do not have heart disease. If a person is selected at random and given the test and it comes out positive, what is the probability that the person actually has heart disease? Round your answer to 4...

What is the purpose/importance of Earnings Per Share (EPS) reporting on the Income Statement? What is...

What is the purpose/importance of Earnings Per Share (EPS) reporting on the Income Statement? What is diluted EPS and why must it be computed and reported?

Constants A picture window has dimensions of 1.40 m×2.50 m and is made of glass 5.80...

Constants A picture window has dimensions of 1.40 m×2.50 m and is made of glass 5.80 mm thick. On a winter day, the outside temperature is -15.0 ?C , while the inside temperature is a comfortable 20.5 ?C . a)At what rate is heat being lost through the window by conduction? b)At what rate would heat be lost through the window if you covered it with a 0.750 mm-thick layer of paper (thermal conductivity 0.0500 W/m?K)?

While performing an experiment with an electrolytic cell (both cathode and anode are zinc in 1...

While performing an experiment with an electrolytic cell (both cathode and anode are zinc in 1 M ZnSO4 solution), what would happen if there was a large hole in the porous cup? What would happen to the reaction?

The manufacturer of an MP3 player wanted to know whether a 10% reduction in price is...

The manufacturer of an MP3 player wanted to know whether a 10% reduction in price is enough to increase the sales of its product. To investigate, the owner randomly selected eight outlets and sold the MP3 player at the reduced price. At seven randomly selected outlets, the MP3 player was sold at the regular price. Reported below is the number of units sold last month at the regular and reduced prices at the randomly selected outlets. Regular price 131 122...

T/F - The area under the marginal cost curve measures total variable costs. Why is the...

T/F - The area under the marginal cost curve measures total variable costs. Why is the short run average cost curve tangent to the long run average cost curve at a level of output? Why does the supply curve of a firm must be in the positively sloped part of the MC curve and not in the negatively sloped part? In the long run, why is the long run industry supply curve flat at min(AC)?

How to explain the first-degree price discrimination in the airline industry?

How to explain the first-degree price discrimination in the airline industry?

which of the following leads to greater insulin release/production as its primary mechanism> a. pioglitazone b....

which of the following leads to greater insulin release/production as its primary mechanism> a. pioglitazone b. sitagliptin c. Extendatide d. B & C e. All of the above

if a large medical firm is decided to invest its business in vertically integrating. what options...

if a large medical firm is decided to invest its business in vertically integrating. what options will be available for them for ( backwards and forward integration)

A jeweler prices diamonds on the basis of quality (with values from 0 to 8, with...

A jeweler prices diamonds on the basis of quality (with values from 0 to 8, with 8 being flawless and 0 containing numerous imperfections) and color (with values from 1 to 10, with 10 being pure white and 1 being yellow). Based on the price per carat (in hundreds of dollars) of the following 11 diamonds of approximately the same weight, determine the relationship between quality (X1), color (X2) and price (Y). Color Quality Price 7 5 65 3 7...

Myers company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing...

Myers company uses a flexible budget for manufacturing overhead based on direct labor hours. Variable manufacturing overhead costs per direct labor hour are as follows Indirect labor: $1.00, Indirect Materials: $.70, Utilities: $.40 Fixed overhead costs per month are supervision, $4,000, depreciation $1,200, property tax $ 800. Operating in a range of 7,000-10,000 direct labor hours per month. Prepare a month manufacturing overhead flexible budget for 2020 for the expected range of activity, using increments of 1,000 direct labor hours.

One cup of kidney beans contains 15 g of protein, 1 g of fat, and 42...

One cup of kidney beans contains 15 g of protein, 1 g of fat, and 42 g of carbohydrate. if you are walking and using energy at a rate of 840 kj/hr, how many minutes will you need to walk to expend the energy from the cup of kidney beans?

. The loop gain of a 0.5 m length laser, GL, is 1.04, and loss factor...

. The loop gain of a 0.5 m length laser, GL, is 1.04, and loss factor is M=0.98. What is the minimum reflectivity of a symmetric (same reflectivity for both mirrors) resonator mirror if the laser gain coefficient is 2*10-3 cm-1?

Suppose 40% of people smoke in public. If there are 5 people in a park on...

Suppose 40% of people smoke in public. If there are 5 people in a park on one Sunday. a. What is the probability that at least one of them will not be smoking? Show your work in the following steps: i. What is your variable of interest. Write it in words. ii. What distribution does your variable follow? What are its parameters? iii. Write your probability statement, the formula you will use with the values plugged in, and your final...

Speedy Auto Repairs uses a job-order costing system. The company’s direct materials consist of replacement parts...

Speedy Auto Repairs uses a job-order costing system. The company’s direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics’ hourly wages. Speedy’s overhead costs include various items, such as the shop manager’s salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. The company applies all of its overhead costs to jobs based on direct labor-hours. At the beginning of the year, it made the following...

Problem 24-6 XYZ stock price and dividend history are as follows:    Year Beginning-of-Year Price Dividend...

Problem 24-6 XYZ stock price and dividend history are as follows:    Year Beginning-of-Year Price Dividend Paid at Year-End 2013 $ 100 $ 4 2014 120   4 2015 90 4 2016 100 4    An investor buys three shares of XYZ at the beginning of 2013, buys another two shares at the beginning of 2014, sells one share at the beginning of 2015, and sells all four remaining shares at the beginning of 2016.       b. What is the...

A government reports “deferred inflows of resources-unavailable revenues” on its general Fund balance sheet. What are...

A government reports “deferred inflows of resources-unavailable revenues” on its general Fund balance sheet. What are deferred inflows of revenues and when are they recorded?

A heat pump is used in place of a furnace for heating a house. In winter,...

A heat pump is used in place of a furnace for heating a house. In winter, when outside air temperature is 15F, the heat loss from the house is 100,000 btu/h. The inside is maintained at 70F. Find the Carnot COP, the minimum electric power required to operate the heat pump in kW, and the actual electric power to operate the heat pump with a COP of 3.

Police and military protection are considered to be public goods. True or false When a good...

Police and military protection are considered to be public goods. True or false When a good produces a positive externality, the market equilibrium quantity will be LOWER than the social optimal quantity. True or false When a good produces a negative externality, the market equilibrium quantity will be HIGHER than the socially optimal quantity. True or false

Compare and contrast static and dynamic equilibrium, then give me an example scenario for each of...

Compare and contrast static and dynamic equilibrium, then give me an example scenario for each of these states of equilibrium. If your above scenarios only meet the second condition for equilibrium (but not the first), describe what should happen.