Question

The following information was reported in an article in a
newspaper. A sheriff reported that investigators found 7.5
kilograms of cocaine in a car belonging to a man who lives in
Virginia. This is a significant amount of cocaine, having a street
value of about $1.4 million dollars.

What is the street value of a pound of cocaine? (Round your answer
in dollars to the nearest whole number.)

$ per pound

What is the street value of an ounce of cocaine? (Round your answer
in dollars to the nearest whole number.)

$ per ounce

Answer #1

A newspaper article reported that people spend a mean of 7.5
hours per day watching TV, with a standard deviation of 2.0 hours.
A psychologist would like to conduct interviews with the 20% of the
population who spend the most time watching TV. She assumes that
the daily time people spend watching TV is normally distributed. At
least how many hours of daily TV watching are necessary for a
person to be eligible for the interview? Carry your intermediate
computations...

An article a Florida newspaper reported on the topics that
teenagers most want to discuss with their parents. The findings,
the results of a poll, showed that 46% would like more discussion
about the family's financial situation, 37% would like to talk
about school, and 30% would like to talk about religion. These and
other percentages were based on a national sampling of 509
teenagers. Estimate the proportion of all teenagers who want more
family discussions about school. Use a...

A newspaper article reported that people spend a mean of 6.5
hours per day watching TV, with a standard deviation of 1.8 hours.
A psychologist would like to conduct interviews with the 10% of the
population who spend the most time watching TV. She assumes that
the daily time people spend watching TV is normally distributed. At
least how many hours of daily TV watching are necessary for a
person to be eligible for the interview? Carry your intermediate
computations...

An article reported that for a sample of 50 kitchens with gas
cooking appliances monitored during a one-week period, the sample
mean CO2 level (ppm) was 654.16, and the sample standard
deviation was 163.02.
(a) Calculate and interpret a 95% (two-sided) confidence
interval for true average CO2 level in the population of
all homes from which the sample was selected. (Round your answers
to two decimal places.)
( , ) ppm
Interpret the resulting interval.
We are 95% confident...

A newspaper reported the top five states for sales of hybrid
cars in 2004 as California, Virginia, Washington, Florida, and
Maryland. Suppose that each car in a sample of 2004 hybrid car
sales is classified by state where the sale took place. Sales from
states other than the top five were excluded from the sample,
resulting in the accompanying table.
State
Observed
Frequency
California
253
Virginia
59
Washington
37
Florida
32
Maryland
32
Total
413
(The given observed counts are...

Q2)
(a). A recent article in the Daily Mirror
newspaper reported that only one in three new college graduates are
able to obtain a job. The reason stated is that there is an
overabundance of college graduates and a weak economy.
A survey of 200 college graduates revealed that 80 had jobs.
Using a significance level of α=0.02, conduct a hypothesis test to
examine if a larger proportion of college graduates have jobs than
the newspapers claim.
State all answers...

Kyle Corporation is comparing two different capital structures,
an all-equity plan (Plan I) and a levered plan (Plan II). Under
Plan I, the company would have 730,000 shares of stock outstanding.
Under Plan II, there would be 480,000 shares of stock outstanding
and $7.5 million in debt outstanding. The interest rate on the debt
is 8 percent, and there are no taxes.
Use M&M Proposition I to find the price per share of equity.
(Do not round intermediate calculations and...

Anheuser-Busch InBev SA/NV (BUD) reported the following
operating information for a recent year: Sales $6,560,000 Cost of
goods sold $1,640,000 Selling, general, and administrative expenses
656,000 2,296,000 Operating income $4,264,000* *Before special
items In addition, assume that Anheuser-Busch InBev sold 41,000
barrels of beer during the year. Assume that variable costs were
75% of the cost of goods sold and 50% of selling, general, and
administrative expenses. Assume that the remaining costs are fixed.
For the following year, assume that...

Anheuser-Busch InBev SA/NV (BUD) reported the following
operating information for a recent year:
Sales
$4,800,000
Cost of goods sold
$1,200,000
Selling, general, and administrative expenses
600,000
1,800,000
Operating income
$3,000,000*
*Before special items
In addition, assume that Anheuser-Busch InBev sold 50,000
barrels of beer during the year. Assume that variable costs were
75% of the cost of goods sold and 50% of selling, general, and
administrative expenses. Assume that the remaining costs are fixed.
For the following year, assume that...

Anheuser-Busch InBev SA/NV (BUD) reported the following
operating information for a recent year:
Sales
$5,472,000
Cost of goods sold
$1,368,000
Selling, general, and administrative expenses
798,000
2,166,000
Operating income
$3,306,000*
*Before special items
In addition, assume that Anheuser-Busch InBev sold 57,000
barrels of beer during the year. Assume that variable costs were
75% of the cost of goods sold and 50% of selling, general, and
administrative expenses. Assume that the remaining costs are fixed.
For the following year, assume that...

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