Do Generation X and Boomers differ in how they use credit cards? A sample of 1,000 Generation X and 1,000 Boomers revealed the results in the accompanying table.
a. If a respondent selected is a member of Generation X, what is the probability that he or she pays the full amount each month? b. If a respondent selected is a Boomer, what is the probability that he or she pays the full amount each month? c. Is payment each month independent of generation?
Answers
Whether Generation X and Boomers differ in how they use credit cards, let's analyze the probabilities of each group paying the full amount each month based on the given sample of 1,000 Generation X and 1,000 Boomers.
a. If a respondent selected is a member of Generation X, we need to find the probability that he or she pays the full amount each month. To do this, divide the number of Generation X respondents who pay the full amount by the total number of Generation X respondents (1,000).
Probability (Generation X pays the full amount) = (Number of Gen X who pay the full amount) / (Total Gen X respondents)
b. If a respondent selected is a Boomer, we need to find the probability that he or she pays the full amount each month. To do this, divide the number of Boomer respondents who pay the full amount by the total number of Boomer respondents (1,000).
Probability (Boomers pay the full amount) = (Number of Boomers who pay the full amount) / (Total Boomer respondents)
c. To determine if payment each month is independent of generation, compare the probabilities calculated in steps (a) and (b). If the probabilities are significantly different, it suggests that payment behavior is dependent on the generation.
Please note that the accompanying table with the results was not provided in your question. You can plug in the respective numbers from the table into the calculations above to find the probabilities and determine the independence of payment behavior across generations.
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Related Questions
19. Which medium has the advantage of moving images, sound, and portability in business?
*
(1 Point)
Newspapers
Transit Media
Internet
Radio
Answers
Answer:
Internet
Explanation:
Newspapers can be online, but they are originally on paper, transit media is on billboards or the sides of cars, and the radio is definitely not it.
the following statements describe the costs of a firm in the short run. select the answer choice that best represents the appropriate curve. a. this curve slopes upward and intersects another curve at its minimum point. it represents the additional cost generated from an additional unit of output. average total cost average variable cost average fixed cost marginal cost b. two curves are u-shaped. they get this shape because increasing output has two opposing effects: the spreading effect and the diminishing returns effect. what is the higher of the two u-shaped curves? average variable cost average total cost average fixed cost marginal cost c. this curve is also u-shaped. it lies below the other u-shaped curve mentioned, since it is one component of that curve/calcuation. average total cost average fixed cost average variable cost marginal cost
Answers
The marginal cost is the additional expense incurred as a result of producing an extra unit of output. Marginal costs also have an upward slope and, at their lowest points, intersect average total and variable costs.
What does the marginal cost curve's rising slope mean?The marginal cost curve often has an upward slope since diminishing marginal returns suggest that it would be more expensive to manufacture additional units. The marginal cost curve in the diagram exhibits a decline before a rise, showing a constrained range of growing marginal returns.
ATC versus AVC curves: what are they?The average total cost (ATC) is calculated by dividing the total cost by the sum of all output. The average total cost curve has a U-shaped normal form. The average variable cost (AVC) is calculated by multiplying the variable cost by the output amount.
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The following statements describe the costs of a firm in the short run. Select the answer choice that best represents the appropriate curve.
a. This curve slopes upward and intersects another curve at its minimum point. It represents the additional cost generated from an additional unit of output.
average fixed cost average total cost marginal cost average variable costb. Two curves are U-shaped. They get this shape because increasing output has two opposing effects: the spreading effect and the diminishing returns effect. What is the higher of the two U-shaped curves?
average variable cost marginal cost average total cost average fixed costc. This curve is also U-shaped. It lies below the other U-shaped curve mentioned, since it is one component of that curve/calcuation.
average total cost marginal cost average variable cost average fixed costHow important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
How can tracking income and expenses influence future financial decisions?
Answers
In reality, by assisting individuals in developing better saving and budgeting practices, financial planning may have a significant positive influence on lower-income households.
What is the process of financial planning?It is a long-term strategy for effectively handling your money so that you may attain your goals and objectives while also overcoming the financial obstacles that invariably appear at every stage of your life.
Goals must first be set before a strong financial strategy can be developed.
Why is having a financial plan crucial?A financial plan serves as a roadmap for your financial future. In essence, it assists you in maintaining control over your earnings, outlays, and assets so that you may manage your finances and accomplish your goals.
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Jose and Juanita are buying their first home. They want a low interest rate on loans, and they want to deal with someone local and personal
who will help them with the loan process.
O b) credit union
d) internet bank
O c) savings and loan association
O a) bank
Answers
Answer:
savings and loan association
Which of the following is not a benefit of marriage, according to the U.S. Department of Health and Human Services?
making better decisions
mentally healthier
wealthier
at decreased risk of alcohol and drug use
Answers
Answer: wealthier
Explanation:
According to the report by the U.S. Department of Health and Human Services, marriage is beneficial in various ways to both spouses and offspring.
It stated that having a spouse enabled for better decision making in various areas including in substance abuse which led to a decreased risk in both alcohol and drug use.
Being married can also contribute to the general mental health of spouses.
There was no mention however, of marriage making people wealthier.
Answer: making better decisions
Explanation: it's correct on edge
If you have an orientation where you are completing training exercises on a computer, it is probably a ____.
A new hire orientation
B interactive orientation
C reorientation
D mentorship
Answers
Answer: new hire orientation
Explanation:
New employee orientation is used in order to welcome newly employed workers to the organization and this is done in order to integrate the new workers into the system, train them, and make them feel welcomed and part of the organization. .
This helps to boost the confidence of the employees, leads to increase in the retention of employees and also boost employees morale.
Interaction orientation simply means the interaction that takes place between companies and their customers and this is done in order to improve the relationship with customers and achieve organizational goals.
Mentorship simply means having a mentor to guide an individual. Reorientation simply means to change a particular focus or mindset of certain people.
Based on the explanation, the answer is new hire orientation.
Answer:
A
Explanation:
yui is working on a new marketing campaign and has decided to form a team to help with this process. what are the advantages of using a team for the marketing decisions?
Answers
The primary advantage of using a team for marketing decisions is that it allows for a variety of perspectives to be considered in the decision-making process.
About marketing decisionWhen more than one person is involved in a decision, a wider range of ideas and perspectives can be taken into account. This can lead to decisions that are more creative, effective, and successful in the long-run.
Additionally, having multiple people on the team can help ensure that all possible outcomes and potential consequences of a decision have been taken into consideration, leading to more well-thought-out decisions.
Teams also have the advantage of allowing members to specialize in their areas of expertise. This ensures that each person can make the best possible contributions to the decision-making process. In addition, teams allow for members to be held accountable for their actions, which encourages responsible decision-making and problem solving.
Finally, teams also allow for members to provide emotional and moral support to each other during the decision-making process, creating a more positive environment for productive conversations and ideas.
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answers
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUA good credit-management strategy can be demonstrated by:
A. applying for a payday loan to finance an expensive vacation.
B. applying for several credit cards from banks and stores.
C. paying only the minimum monthly payment due on credit cards
each month.
D. paying the full balance on the statement by the due date each
month.
Answers
Answer:
C
Explanation:
Credit management is actually the process of granting credit to customers, while setting payment terms and conditions to enable them to pay their bills on time and in full and ensuring customers (and employees) comply with your company's credit policy.
From the above definition, we can see that a good credit management strategy can be managed when the customer pay minimum monthly payment due on credit cards each month without defaulting.
Answer:it’s D
Explanation:
What is starbucks doing to better the economy and environment in areas around the world?.
Answers
Answer:
Cutting down on carbon, water, and waste footprints by half
Explanation:
In 2020 Starbucks committed to a resource-positive future, formalizing environmental goals to cut its carbon, water, and waste footprints by half. As a progression against those goals, the company commits to Carbon Neutral Green Coffee and to conserving water usage in green coffee processing by 50%, both by 2030.
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To increase revenue, a company could
O A. refuse to accepts checks
O B. accept only debit card purchases
O C. allow customers to pay with credit
OD. allow only cash purchases
Answers
A company could C. allow customers to pay with credit, which would boost revenue.
How Do You Accept Credit Cards?Keeping a close eye on cash flow is essential when running a small business. Including credit cards as a payment option is one way to make it easier for money to flow into and out of your business. Providing credit card payment options to customers can cut down on the stress of managing cash flow and reduce the amount of time spent waiting for checks. If your company does not yet accept credit card payments, it may be simpler than you think to do so.
There are a number of benefits to offering credit card payment options to your customers that could help your business grow. Accepting credit cards has numerous advantages, as stated by the National Federation of Independent Businesses.
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think about a piece of fruit that you recently purchased. list the natural, labor, and capital resources needed to get it to you
Answers
Answer: Typically shipping fresh fruit or shipping fresh produce involves a few different steps which can slow down productivity. For example, fruits are loaded into a corrugated box then added to a pallet, then shrink wrap is added or banding is used to keep the boxes on the pallet.
Explanation:
Why do you think celebrities bother to involve themselves in politics?
Answers
Answer:
Answer in explanation.
Explanation:
I think that celebrities bother to involve themselves in politics to try and make a statement or gain more fame and followers. Oftentimes, you see celebrities speaking on world events such as the BLM act, global warming, wildfires, or the pandemic that is still ablaze. As we all know, all politicians have their strong opinions but the points do not always get across when just the politicians talk about it. Sometimes, celebrities feel the need to speak on a topic that may be popular in the world of politics just to shine a light on it or even to get more attention. In conclusion, I feel that celebrities try to worm their way into politics because I believe that they think that it will make an impact.
There are several reasons why celebrities may choose to involve themselves in politics.
Why celebrities bother to involve themselves in politics?One reason is that they may feel a sense of responsibility or obligation to use their platform and influence to bring attention to important political issues and advocate for causes they believe in.
Additionally, celebrities often have access to resources and connections that can be useful in political activism and lobbying efforts.
Furthermore, political involvement can also benefit a celebrity's public image and career. By aligning themselves with certain political causes, celebrities may appeal to certain fan bases or demographics, which can increase their popularity and influence.
Moreover, some celebrities may simply be passionate about politics and want to use their voice and platform to make a difference in society. Overall, there are various reasons why celebrities may choose to involve themselves in politics, and the motivations can vary depending on the individual.
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Over your lifetime, as a driver, it is estimated that you will
A. Most likely never be in a car accident
B. Be in one car accident
C. Be in two car accidents
D. Be in three to four car accidents
Answers
Answer:
The average is about three to four car accidents in their lifetime. Thats about 1 car accident every 18 years.
Explanation:
D is the correct option
If a company’s inventory was destroyed by fire, but the accounting records were saved, the method that would probably be used to estimate the amount of inventory lost would be ________.
Answers
The method that would probably be used to estimate the amount of inventory lost if a company’s inventory was destroyed by firebut the accounting records were saved is gross profit method.
The gross profit method can be described as the estimate value of inventory by applying the company's historical gross profit percentage to current‐period information about the cost of goods available for sale and net sales. Gross profit equals net sales minus the cost of goods sold., so the formula of gross profit method is:
Gross Profit = Revenue – Cost of Goods Sold
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Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Answers
($14)(25)=$350
($25)(11)=$275
$350+$275= $625
Which of the following is a “DON’T” regarding scannable résumés?
a.
Print on white paper with black ink
b.
Use special characters like italics and underlining
c.
Add spaces before and after slashes
d.
Use a clean and neat overall format
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer:
B
Explanation:
took it on edge2020 :)
When it comes to scannable resumes, it is not recommended that you b. Use special characters like italics and underlining.
How should scannable resumes be designed?Because they are to be scannable, they are not to have complicated characters that might be unscannable such as special characters and underlining.
They should be printed on white paper using black ink only, and should have a format that is best described as being neat and clean.
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what do you think is the most challenging function being faced by a manager
Answers
Here are some of the most common challenges managers face and how to overcome them:
Decreased performance levels.
Being understaffed.
Lack of communication.
Poor teamwork.
Pressure to perform.
Absence of structure.
Time management.
Inadequate support.
Jonczyk Company is considering two different, mutually exclusive capital expenditure proposals. Project A will cost $451,000, has an expected useful life of 11 years and a salvage value of zero, and is expected to increase net annual cash flows by $74,000. Project B will cost $288,000, has an expected useful life of 11 years and a salvage value of zero, and is expected to increase net annual cash flows by $50,000. A discount rate of 9% is appropriate for both projects. Click here to view PV table. Calculate the net present value and profitability index of each project. (If the net present value is negative, use either a negative sign preceding the number e.g. −45 or porentheses e.g. (45). Round present value answers to 0 decimal places, e.g. 125 and profitability index answers to 2 decimal places, e.g. 15.52. For calculation purposes, use 5 decimal places as displayed in the factor table provided, e.g. 1.25124.) Which project should be accepted based on net present value?
Answers
The net present value (NPV) and profitability index (PI) of each project are as follows:
Project A:
NPV = $120,964.04
PI = 1.27
Project B:
NPV = $59,755.75
PI = 1.21
Based on the net present value, Project A should be accepted.
The net present value (NPV) is a financial metric used to assess the profitability of an investment by calculating the present value of expected future cash flows discounted at a specified rate. A positive NPV indicates that the project is expected to generate more cash inflows than the initial investment, while a negative NPV suggests the project may not be financially viable.
In this case, both Project A and Project B have expected useful lives of 11 years, zero salvage value, and are expected to increase net annual cash flows. Project A has an initial cost of $451,000 and is projected to increase net annual cash flows by $74,000. Project B, on the other hand, has an initial cost of $288,000 and is expected to increase net annual cash flows by $50,000.
To calculate the NPV, we use a discount rate of 9% for both projects. The discount rate represents the opportunity cost of capital, taking into account the time value of money and the risk associated with the investment.
After calculating the present value of the net annual cash flows for each year over the 11-year period, we subtract the initial cost to obtain the NPV. Project A yields a positive NPV of $120,964.04, indicating that the present value of its cash inflows exceeds the initial investment. Project B, on the other hand, has a lower NPV of $59,755.75.
The profitability index (PI) is another useful metric that measures the value created per unit of investment. It is calculated by dividing the present value of future cash flows by the initial investment. A PI greater than 1 indicates a positive return on investment.
Project A has a profitability index of 1.27, while Project B has a slightly lower PI of 1.21. This means that for every dollar invested in Project A, the present value of the future cash flows is $1.27, whereas for Project B, it is $1.21.
Based on the net present value, Project A should be accepted as it has a higher NPV compared to Project B. The positive NPV and higher profitability index indicate that Project A is expected to generate greater returns and create more value for the company in the long run.
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Ethan’s job as an accounting assistant was recently modified to include reconciling bank accounts and making deposits, two tasks previously done by the accounting manager. This increase in responsibility would best be described as job
Answers
Answer: enrichment
Explanation:
Job enrichment is when new dimensions are added to the job of an employee at an organization. Job enrichment can include adding extra work, creating autonomy, increasing skill variety, etc.
This is shown in the above analysis as Ethan has been giving more task that what he normally does.
Why are performance reviews important to workers and employers?
Answers
The Age Discrimination in Employment Act of 1967 prohibits discrimination against employees aged _______ and older. Group of answer choices a. 21 b. 39 c. 40 d. 41 e. 65
Answers
The Age Discrimination in Employment Act of 1967 prohibits discrimination against employees aged
C. 40What is Age Discrimination in Employment Act of 1967?This refers to the government policy where there is the protection for people aged 40 and older from being discriminated and prevented employment.
With this in mind, we can see that this Act was enacted in 1967 in order to encourage the employment of older people who were previously rejected in favor for more younger people.
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Based on the question above, the correct answer goes thus:
c. 40The ADEA prohibits employment discrimination against persons 40 years of age or older.
In conclusion, we can conclude that the correct answer is 40
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I am confused here. Help me, tomorrow is my exam. Is tailoring a secondary activity or tertiary? Bcoz a tailor also makes suits etc and also fixes them. For example if my coat has a cut, the tailor will repair it.
Answers
Answer:
This is soley based on a personal response no bias. ANS- TERTIARY
Tertiary is a skilled built labor job and Seconadary is a not as needed/skill required based work force such as fast food or retail work.
Explanation:
Of third rank, importance, or value chiefly British : of, relating to, or being higher education
Of, relating to, or constituting the third strongest of the three or four degrees of stress recognized by most linguists
PLEASE HELP ASAP::::
A tip employee’s earnings most closely resemble those of which of the following?
a.
An employee working on straight commission
b.
An employee working on commission plus salary
c.
An employee working on a piece-rate basis
d.
An employee working on a fixed salary
Please select the best answer from the choices provided
A
B
C
D
Answers
Answer: c. An employee working on a piece-rate basis
fashooo
The buyer of an industrial complex wants the broker to place the earnest money in an interest bearing account. The broker does this, clearly identifying all parties who are to receive the interest and the date the earned interest is to be disbursed. With only the verbal consent of the buyer, he places the money in an insured account in a depository in Florida. When the time comes to disburse the account, the broker will write a check to the buyer for the interest as the buyer agreed. Which statement describing this situation applies?
Answers
Answer:
Explanation:
In this situation, the statement that would best apply would be that the broker does not have the right to ever use an interest-bearing account under Florida Real Estate laws. Since Florida Real Estate laws specifically prohibit a broker from placing a clients money in an interest account then the broker in this scenario is breaking the law and can have his real estate license taken away as well as being fined.
No entries shall be allowed for district meets which are not submitted to the director on or before the ____ day before the first day of the meet.
Answers
No entries shall be allowed for district meets which are not submitted to the director on or before the fifth day before the first day of the meet.
What is district ?A district is a type of administrative division that is managed by the local government in some countries. Districts vary widely in size around the world, spanning regions or counties, numerous municipalities, subdivisions of municipalities, a school district, or a political district.
A district is defined as a region set apart or put together as a single distinct area for political or administrative purposes. A district is an area of a town that elects a single mayor who is shared by everyone in the area.
A district is a section of a country, city, or town designated by the government for official purposes.
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Match the steps that marketing management performs to the scenarios that describe the steps
Answers
The steps that marketing management performs to the scenarios that describe the steps include the "Discovery Step --- Marketing management team are performing detailed research for the best target market for their products or services."
The other steps that marketing management performs to the scenarios that describe the steps include the following:
Strategy step -- the marketing management team determines the proper marketing channels for their product or services. Then, they formulate the messaging and finally plan the timing.Implementation step -- the marketing management team decides when and where to execute their targeted, cost-effective marketing campaigns and put them into action.Measurement step -- the marketing management team assesses the marketing campaign results to know the right methods or techniques before continuing with the marketing campaign.Hence, in this case, it is concluded that the Marketing management team plays a vital role in the product life cycle.
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What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Answers
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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After which problem-solving stage should you take action? A. defining the problem B. evaluating information C. gathering information D. making a choice
Answers
Answer:
Evaluate your decision
Explanation: correct mark brainlest plz. and thanks also []L7[]
Answer:
making a choice
Explanation: