BUSINESS COLLEGE

Based on murder rates in the United States, an Associated Press story reported that the probability that a newborn child has, of eventually being a murder victim, is 0:0263 for nonwhite males, 0:0049 for white males, 0:0072 for nonwhite females, and 0:0023 for white females. (a) Find the conditional odds ratio between race and whether a murder victim, given gender. Interpret your results. Do these variables exhibit homogeneous association? (b) Half the newborns are of each gender, for each race. Find the marginal odds ratio between race and whether a murder victim.

Answers

Answer 1
Answer:

Answer:

The odds of being murder victims among nob white males are 5.485 times as compared to white males.

Explanation:

See attachment for explanation.

Related Questions

Ted has always had difficulty saving money, so on June 1, Ted enrolls in a Christmas savings program at his local bank and deposits $750. That money is totally locked away until December 1 so that Ted can be certain that he will still have it once the holiday shopping season begins. Suppose that the annual rate of interest is 10 percent on ordinary savings accounts (that allow depositors to withdraw their money at any time). How much interest is Ted giving up by precommitting his money into the Christmas savings account for six months instead of depositing it into an ordinary savings account?[Hint: If you invest X dollars at an annual interest rate of Y percent, you will receive interest equal to X × Y, where the interest rate Y is expressed as a decimal.]$.___________.
At her current level of consumption, Jess gets half as much marginal utility from an additional bagel as from an additional muffin. If the price of muffin is $2 each, then Jess is maximizing her utility if the price of a bagel is:
Brian is studying the LML Process. He is learning about the connection between the brain and mind and is conceptualizing it in a specific sequence. The correct sequence is __________.mind, brain–mind interface, stimuli, brain stimuli, brain–mind interface, brain, mind brain–mind interface, stimuli, mind stimuli, brain, brain–mind interface, mind
Gunther earned a 62.5 percent return on a stock that he purchased one year ago. The stock is now worth $12, and he received a dividend of $1 during the year. How much did Gunther originally pay for the stock?
EB17. LO 7.5The production cost for UV protective sunglasses is $5.50 per unit and fixed costs are $19,400 per month. How much is the favorable or unfavorable variance if 14,000 units were produced for a total of $97,000?

Gilligan Co.'s bonds currently sell for $1,150. They have a 6.75% annual coupon rate and a 15-year maturity, and are callable in 6 years at $1,067.50. Assume that no costs other than the call premium would be incurred to call and refund the bonds, and also assume that the yield curve is horizontal, with rates expected to remain at current levels on into the future. Under these conditions, what rate of return should an investor expect to earn if he or she purchases these bonds, the YTC or the YTM?(A) 3.92%
(B) 4.12%
(C) 4.34%
(D) 4.57%
(E) 4.81%

Answers

Answer:

(E) 4.81%

Explanation:

See the image below to get the explanation

A buyer who needs a significant amount of trust with the seller is looking for a(n) _____. a. Transactional relationship b. Strategic partnership c. Joint venture d. Functional relationship e. Affiliative selling relationship

Answers

Answer:

e. Affiliative selling relationship

Explanation:

In an affiliative selling relationship, the buyer needs the information related to the product which helps the buyer to buy the product. The buyer trust on the seller with a view to satisfy his expectations

This relationship fully depends upon the trust which results in the best purchasing decision.

By maintaining the trust, the seller increase its sales which helps him to achieve its sales target

Individuals may become shareholders by buying common stock in corporations through brokers or directly from the company (if they offer a direct investment plan). In many countries, corporations may also offer employee stock options as a benefit for workers.

Answers

After a company goes public through an initial public offering (IPO), its stock becomes available for investors to buy and sell on an exchange.

What are you called when you own shares of a corporation's stock?

An individual or organisation that owns shares or stocks in a firm is referred to as a shareholder. Investors have the right to partial ownership of a certain firm when they own shares or stocks in that company. If the corporation is in trouble, shareholders may earn dividends and have some protection from liabilities.

The primary distinction between preferred and common stock is that common stock grants stockholders voting rights, whilst preferred stock does not. Preferred shareholders get dividend payments prior to regular shareholders since they have preference over the company's income.

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The following data relates to Mangini Company's estimated amounts for next year. Estimated: Department 1 Department 2
Manufacturing overhead costs $320,000 $400,000
Direct labor hours 65,000 DLH 75,000 DLH
Machine hours 2,000 MH 2,500 MH
Required:
a. What is the company's plantwide overhead rate if machine hours are the allocation base? (Round your answer to two decimal places.)

Answers

Answer:

$160.00 per machine hour

Explanation:

The plant-wide (blanket ) overhead absorption rate is calculated as follows:

Plant-wide OAR=

Total overheads of all the production departments/ Total machine hours

Plant-wide OAR =  $(320,000 + 400,000)/(2,000+2,500) machine hours

                                        =$160.00 per machine hour

Roman loves corn bread. He buys corn meal and wheat flour in order to make corn bread. His recipe calls for two cups of corn meal and one cup of flour for each batch that he bakes. More corn bread is better for Roman. He can bake fractions of a batch, but has no use for corn meal or flour that is left over. What of the following is Roman’s utility function on cups of corn meal, denoted by c, and cups of flour, denoted by f?(A) U(c,f)=min{c,2f}
(B) U(c,f)=min{2c,f}
(C) U(c,f)=min{2c,3f}
(D) U(c,f)=min{3c,sf}
(D) U(c,f)=2c+3f

Answers

Answer:

(B) U(c,f)=min{2c,f}

Explanation:

This is an example of Leontif utility function which states that the preferences of a consumer is to a constant ratio of quantities of two or more goods in his demand bundles and having an extra unit of a single good will not increase the utility of the consumer and will make the extra unit to waste. But having more units of all the goods in the demand bundle which maintain the constant ratio will increase the utility of the consumer.

A good example usually used in economics is that of a pair of shoe. Having one right and one left of a type of shoe gives a consumer utility at a constant ratio of 1:1, and increasing each leg by multiple of one at every point in time will increase the utility of the consumer, while increasing just only one makes the utility not to change. For instance, having only two left shoe will not give the consumer any utility and make both the left shoe useless.

In the question, the ratio of cups of corn meal, denoted by c, and cups of flour, denoted by f, is 2:1. This implies that to increase the utility of the consumer, c has to increase by a multiple of 2 at every point in time while f has to increase by one at the same point in time to maintain the constant ratio of 2:1. Increasing only c by 2 or only f by 1 will maintain the constant ratio and it will lead to a waste of the increased unit of the affected commodity.

Therefore, option (B) U(c,f)=min{2c,f} is the correct answer that gives a constant ratio of 2:1 = 2c:f.

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The production function q = 22K^0.6 L^0.3 exhibits A. constant returns to scale. B. increasing returns to scale. C. unknown returns to scale because the exponents are not equal. D. decreasing returns to scale.

Answers

Answer:

D. decreasing returns to scale.

The answer and procedures of the exercise are attached in the image below.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  
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